What changed
Revenue was $33.0M, down 29% from $46.7M in Q3 FY25. Net loss was $(45.3)M, improving from $(91.9)M a year ago. 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 $33.0M, down 29% from $46.7M in Q3 FY25. Net loss was $(45.3)M, improving from $(91.9)M a year ago. 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.