AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — FTC Solar Inc. (FTCI) on Tuesday reported profit of $32.6 million in its first quarter.

On a per-share basis, the Austin, Texas-based company said it had net loss of 72 cents. Losses, adjusted for one-time gains and costs, came to 67 cents per share.

The solar tracking systems maker posted revenue of $17.3 million in the period.

For the current quarter ending in June, FTC Solar said it expects revenue in the range of $22 million to $26 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTCI at https://www.zacks.com/ap/FTCI