Corporate Participants Ahmad Chatila - Director Cathy Behnen - Chief Financial Officer Philip Shen - ROTH MKM Jeff Osborne - TD Cowen Amit Dayal - H.C. Wainwright I'll now turn the conference to you host, Mr. Bill Michalek, Vice President, Investor Relations. Please go ahead. Thank you and welcome everyone to FTC Solar's fourth quarter 2023 earnings conference call. Before today's call, you may have reviewed our earnings release and supplemental financial information, which were posted earlier today. If you ...

FTC Solar (FTCI) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this solar tracking systems maker would post a loss of $0.06 per share when it actually produced a loss of $0.08, delivering a surprise of -33.33%.Over the last four quarters, the com ...

Fourth quarter revenue of $23.2 millionContinue to improve cost structure to lower break-even revenue levelAdded approximately $213 million to backlog1 since Nov. 8; acceleration in contracted projectsAnthony Carroll appointed Chairman of Customer Advisory Board AUSTIN, Texas, March 13, 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 fourth quarter ended December 31, 2023. Fourth ...

Exhibit 99.1 AUSTIN, Texas—March 13, 2024–FTC Solar,Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced financial results for the fourth quarter endedDecember 31, 2023. Fourth Quarter Results "The company's fourth-quarter results were in line with our targets," said Shaker Sadasivam, Chairman of the Board of FTC Solar. "Along with those results, the company is making good progress advancing key initiatives that will support the company's futur ...

Hey, guys. So thanks for taking the questions. I first want to ask you know with the transition of the CEO and the CFO kind of wondering Shaker is still on, maybe we can get a response from him on this. But if the issue here is kind of the way everything, the way you guys are describing it and all these dynamics that are out of your control, it seems, or at least being framed that way, but also lined up for acceleration. I think the word acceleration was used a lot in the prepared remarks. If all that is li ...

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, 2023 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) (State or Other Jurisdiction of Incorp ...

Company Participants Sean Hunkler - President, CEO & Director Patrick Cook - Chief Commercial Officer Donovan Schafer - Northland Capital Markets Kasope Harrison - Piper Sandler & Co. Sameer Joshi - H.C. Wainwright & Co. Operator Thank you, and welcome, everyone, to FTC Solar's Second Quarter 2023 Earnings Conference Call. Before today's call, you may have reviewed our earnings release, supplemental financial information and slide presentation, which are posted earlier today. If you've not reviewed these do ...

Second Quarter 2023 Earnings Results 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," "estimates" and similar expressions are used to identify these forward-looking st ...

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, 2023 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) (State or Other Jurisdiction of Incorporati ...

I'll start today with a brief market update. We're beginning to see more projects that have modules or visibility to modules show up in our funnel. In fact, I'd say we're seeing the most traction on that front since the start of the AD/CVD and UFLPA module constraint period, leading us to believe the worst of UFLPA may be behind us. While lead times won't allow for a Q2 revenue benefit, it's an encouraging sign as we look ahead to the back half of 2023 and into '24. We believe the Inflation Reduction Act, o ...