FTC Solar

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun. The company was founded by David Springer and Ahmad R. Chatila in 2017 and is headquartered in Austin, TX.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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FTC Solar reports robust Q4 performance, eyes international expansion

FTC Solar's Q4 2022 earnings call showcased strong performance, operational improvements, and positive market trends. Challenges include managing steel price increases and fierce competition in non-UFLPA projects. Opportunities lie in revenue growth, margin improvement, and international expansion.

FTC Solar reports positive Q1 results, eyes revenue growth

FTC Solar's Q1 2023 earnings call showcased positive performance with revenue exceeding targets, improved gross margins, and a strong cash position. The company's focus on new products, cost-effective solutions, and customer diversification positions it well for future growth and profitability.

FTC Solar reports Q2 revenue miss, eyes growth in 2024

FTC Solar faced revenue challenges in Q2 but remains optimistic about future growth opportunities.
The company's strong backlog, recent project wins, and cost control measures support a positive outlook for 2024.
Management's disappointment with Q2 results underscores the need for improved execution and revenue realization strategies.
Analyst questions during the call highlighted key focus areas for the company's future performance and strategic direction.

FTC Solar reports Q3 results, addresses challenges, eyes international growth

FTC Solar reported Q3 performance with improved gross profit and cost management. The company faces challenges in project delays and investor skepticism but sees opportunities in international expansion and revenue growth strategies.
The leadership transition and strategic focus on 1P offerings demonstrate strengths in continuity and proactive market expansion. FTC Solar's positive outlook for 2024 signals resilience and growth potential in the renewable energy sector.

FTC Solar reports revenue growth in Q4, eyes profitability in 2024

FTC Solar's Q4 showed revenue growth and progress towards profitability. Strong liquidity position and focus on cost reduction and process improvement. Challenges with limited purchase orders being addressed with enhanced customer engagement.

FTC Solar meets Q1 targets, eyes profitability amid growth opportunities

FTC Solar's Q1 performance showed progress towards financial targets, with a focus on future growth and profitability milestones.
Despite facing challenges related to cost management and achieving profitability, the company benefits from a strong product portfolio and solid demand visibility.
Opportunities lie in continued revenue growth, international expansion, and operational enhancements to drive profitability and market leadership for FTC Solar.

FTC Solar reports Q3 revenue dip but eyes profitability in 2025

FTC Solar showcased a strong position with a focus on the 1P Pioneer product category and potential profitability in 2025.
Despite financial challenges, the company's strategic initiatives and liquidity agreements position it for growth and stability.
Analysts highlighted opportunities for revenue growth through cross-selling, geographic expansion, and operational optimization.

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FTC Solar, Inc. (FTCI) Q3 2024 Earnings Call Transcript

FTC Solar (FTCI) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.08 per share a year ago.

FTC Solar (FTCI) Reports Q3 Loss, Tops Revenue Estimates

Third Quarter Highlights and Recent Developments Third quarter revenue of $10.1 million, in-line with prior target Industry veteran Yann Brandt joined as CEO Announced 1GW tracker supply agreement with Dunlieh Energy Announced multi-year agreement with Strata Clean Energy for 500mw, expandable to 1GW+ Provided incremental project detail on 1GW of projects with Sandhills Energy Post quarter-end, received $4.7 million earn-out on prior investment Entered into binding term sheet for $15 million promissory note to strengthen balance sheet AUSTIN, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced financial results for the third quarter ending September 30, 2024, which were in line with the company's prior targets. “I'm excited to have begun my tenure as CEO during the third quarter,” said Yann Brandt, President and Chief Executive Officer of FTC Solar.

FTC Solar Announces Third Quarter 2024 Financial Results

AUSTIN, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its third quarter financial results before market open on Tuesday, November 12, 2024.

FTC Solar to Announce Third Quarter Financial Results Tuesday, November 12, 2024

AUSTIN, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, and Sandhills Energy (“Sandhills”) announced today that FTC will be supplying its innovative 1P Pioneer trackers for 1 gigawatt of projects over three sites.

FTC Solar to Supply Approximately 1GW of Projects for Sandhills Energy

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First Solar, Enphase Energy and FTC Solar have been highlighted in this Industry Outlook article.

Zacks Industry Outlook First Solar, Enphase Energy and FTC Solar

Prospects for solar stocks remain bright, buoyed by impressive solar installation projections amid the adverse impacts of China???s dominance.

3 Solar Stocks to Watch Buoyed by Growing Installation Trend

FTC Solar (FTCI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock FTC Solar (FTCI) Is Still Trading at a Bargain

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AUSTIN, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has been selected by Strata Clean Energy (Strata) to supply approximately 500 megawatts of its Voyager 2P solar tracker technology for multiple project sites in the U.S. and will be the preferred 2P solar tracker supplier over a three-year initial term, which could expand to over a gigawatt of volume. Strata is expected to utilize a combination of FTC Solar's tracker solutions for the sites, along with FTC's innovative SunPath software to further enhance output and performance.

FTC Solar Announces Multi-Year Tracker Supply Agreement with Strata Clean Energy

AUSTIN, Texas, Aug. 28, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, is pleased to announce its participation at the RE+ 20th solar industry event in Anaheim, California from September 9-12, 2024. At the event, the company will sponsor a public lounge area, offer one-on-one meeting opportunities, and showcase its Pioneer 1P product line.

FTC Solar to Participate at RE+ Event September 9-12

AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced that, in accordance with Nasdaq Listing Center requirements, Yann Brandt, the Company's President and Chief Executive Officer, will be granted an employment inducement award in reliance on Nasdaq Stock Market Listing Rule 5635(c).

FTC Solar Announces Inducement Grant of Employee Inducement Award

AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment of Pablo Barahona to its Board of Directors, effective August 12, 2024. Mr. Barahona replaces Isidoro Quiroga Cortes, who resigned from the Board effective August 11, 2024, after more than four years of service to the Board.

FTC Solar Appoints Pablo Barahona to Board of Directors

AUSTIN, Texas, Aug. 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, announced today that Isidoro Quiroga Cortes has resigned from the company's Board of Directors, effective August 11, 2024, after more than four years of service to the Board.

FTC Solar Announces Resignation of Board Member

FTC Solar, Inc. (NASDAQ:FTCI ) Q2 2024 Results Conference Call August 8, 2024 8:30 AM ET Company Participants Bill Michalek - Vice President of Investor Relations Ahmad Chatila - Member of Board of Directors, Founder Yann Brandt - Chief Executive Officer Cathy Behnen - Chief Financial Officer Conference Call Participants Matt Ingraham - ROTH Capital Markets Pavel Molchanov - Raymond James Operator Thank you for standing by. At this time, I would like to welcome everyone to FTC Solar's Second Quarter 2024 Earnings Conference Call.

FTC Solar, Inc. (FTCI) Q2 2024 Earnings Call Transcript

FTC Solar (FTCI) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.06 per share a year ago.

FTC Solar (FTCI) Reports Q2 Loss, Misses Revenue Estimates

Second quarter revenue of $11.4 million Industry veteran Yann Brandt named new CEO, effective August 19 Contracted portion of backlog now stands at $505 million Company continues to identify operational efficiencies while investing strategically in sales resources AUSTIN, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced financial results for the second quarter ended June 30, 2024. Second Quarter Results “Results for the second quarter were in line with our targets,” said Shaker Sadasivam, Chairman of the Board of FTC Solar.

FTC Solar Announces Second Quarter 2024 Financial Results

AUSTIN, Texas, Aug. 01, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its second quarter financial results before market open on Thursday, August 8, 2024.

FTC Solar to Announce Second Quarter Financial Results Thursday, August 8, 2024

AUSTIN, Texas, July 23, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that its Board of Directors has appointed Yann Brandt, a longtime solar executive, as the company's new President and Chief Executive Officer and a member of the Board, effective August 19, 2024. His appointment has been made following a robust and competitive search process carried out by the Board with support from external resources.

FTC Solar Appoints Yann Brandt as New CEO

AUSTIN, Texas , May 30, 2024 /PRNewswire/ -- FTC Solar, Inc. (Nasdaq: FTCI) a leading provider of innovative solar energy solutions, announces the launch of its Automated Hail Stow Solution, aimed at minimizing solar panel damage caused by hail storms. The solution integrates advanced technology with meteorological data to automatically adjust the positioning of solar panels, reducing the risk of hail-related damage.

FTC Solar Introduces Automated Hail Stow Solution to Mitigate Solar Panel Damage

AUSTIN, Texas, May 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced new leadership appointments and an expanded sales leadership team designed to enhance customer experience and success while supporting global sales and strategic growth.

FTC Solar Announces New Sales and Leadership Appointments

FTC Solar, Inc. (NASDAQ:FTCI ) Q1 2024 Earnings Conference Call May 10, 2024 9:30 AM ET Company Participants Bill Michalek – Vice President-Investor Relations Ahmad Chatila – Director Cathy Behnen – Chief Financial Officer Patrick Cook – Chief Commercial Officer Conference Call Participants Philip Shen – ROTH MKM Pavel Molchanov – Raymond James Sameer Joshi – H.C. Wainwright Jeff Osborne – TD Cowen Kashy Harrison – Piper Sandler Operator Good day and thank you for standing by.

FTC Solar, Inc. (FTCI) Q1 2024 Earnings Call Transcript

First quarter revenue of $12.6 million Company remains focused on purchase orders, operational efficiencies, quality and customer service Total backlog now stands at $1.8 billion Continue to expect to achieve quarterly profitability in 2024 AUSTIN, Texas, May 10, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced financial results for the first quarter ended March 31, 2024. First Quarter Results “The company's first-quarter results were in line with our targets,” said Shaker Sadasivam, Chairman of the Board of FTC Solar.

FTC Solar Announces First Quarter 2024 Financial Results

AUSTIN, Texas, May 06, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its first quarter financial results before market open on Friday, May 10, 2024.

FTC Solar to Announce First Quarter Financial Results Friday, May 10, 2024

FTC Solar (FTCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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