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FTC Solar(FTCI) - 2024 Q3 - Quarterly Report
2024-11-12 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number 001-40350 FTC SOLAR, INC. (Exact name of registrant as specified in its charter) Delaware 81-4816270 (State or other ju ...
FTC Solar(FTCI) - 2024 Q3 - Earnings Call Transcript
2024-11-12 17:15
FTC Solar, Inc. (NASDAQ:FTCI) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Bill Michalek – Vice President-Investor Relations Yann Brandt – President and Chief Executive Officer Cathy Behnen – Chief Financial Officer Conference Call Participants Sameer Joshi – H.C. Wainwright Graham Price – Raymond James Operator Thank you for standing by. My name is Louella, and I will be your conference operator today. At this time, I would like to welcome everyone to the FTC Solar Thi ...
FTC Solar(FTCI) - 2024 Q3 - Earnings Call Presentation
2024-11-12 16:32
November 12, 2024 Third Quarter 2024 Earnings Results 2 Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward looking statements. These statements are not historical facts but rather are based on our current expectations and projections regarding our business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "e ...
FTC Solar (FTCI) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-11-12 13:45
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this solar tracking systems maker would post a loss of $0.09 per share when it actually produced a loss of $0.09, delivering no surprise.Over the last four quarters, the company has not ...
FTC Solar(FTCI) - 2024 Q3 - Quarterly Results
2024-11-12 11:39
Exhibit 99.1 (b) FTC Solar Announces Third Quarter 2024 Financial Results 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-o ...
Fast-paced Momentum Stock FTC Solar (FTCI) Is Still Trading at a Bargain
ZACKS· 2024-10-08 13:50
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...
FTC Solar(FTCI) - 2024 Q2 - Earnings Call Transcript
2024-08-10 19:02
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 Ear ...
FTC Solar(FTCI) - 2024 Q2 - Quarterly Report
2024-08-08 13:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number 001-40350 FTC SOLAR, INC. (Exact name of registrant as specified in its charter) Delaware 81-4816270 (State or other jurisdi ...
FTC Solar (FTCI) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-08 12:40
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. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this solar tracking systems maker would post a loss of $0.09 per share when it actually produced a loss of $0.09, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. FTC Solar, which belongs to ...
FTC Solar(FTCI) - 2024 Q2 - Quarterly Results
2024-08-08 10:40
Exhibit 99.1 (b) FTC Solar Announces Second Quarter 2024 Financial Results Second Quarter Highlights and Recent Developments • 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—August 8, 2024–FTC Solar,Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software ...