What changed
Revenue was $33.0 million, down 29% from $46.7 million a year ago. Net loss was $(45.3) million versus $(91.9) million in Q3 FY25. The revenue decline was driven by fewer module deliveries to Korea and lower generation output, including the Groton Project being offline pending an equipment upgrade.
Why it matters
Revenue was $33.0 million, down 29% from $46.7 million a year ago. Net loss was $(45.3) million versus $(91.9) million in Q3 FY25. The revenue decline was driven by fewer module deliveries to Korea and lower generation output, including the Groton Project being offline pending an equipment upgrade.