First Solar Q3 net loss $0.46/diluted share; FY2022 guidance cut to $(0.65)-$(0.35)

FIRST SOLAR, INC.

2022-Q3 EPS reported -$0.34 revenue$1,616,928,000

Net sales $629M, net loss $0.46 per diluted share vs income $0.52 in prior quarter.
Cash, equivalents, marketable securities $1.9B, flat QoQ.
Year-to-date net bookings 43.7 GW DC; record module backlog over 58 GW DC.
FY2022 guidance reduced: net sales $2.6B-$2.7B, EPS loss $(0.65)-$(0.35).
Operating loss $68M vs operating income $145M prior quarter, due to Japan sale gain and logistics.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST SOLAR, INC. reported the third quarter ended September 30, 2022 results: revenue $629 million, net income loss per diluted share of $0.46, EPS $0.46 loss per diluted share. Guidance lowered.

Period: the third quarter ended September 30, 2022
Revenue: $629 million
Net income: loss per diluted share of $0.46
EPS: $0.46 loss per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

99.1) --- EX-99.1 2 ex991pressreleaseq3-2022.htm EXHIBIT 99.1 Document EXHIBIT 99.1 News Release First Solar, Inc. Announces Third Quarter 2022 Financial Results • Net sales of $629 million • Net loss per diluted share of $0.46 • Cash, cash equivalents, restricted cash, and marketable securities of $1.9 billion • YTD net bookings of 43.7 GW DC • 16.6 GW DC of net

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Source: SEC EDGAR

accession 0001274494-22-000038

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