FTC Solar(FTCI) - 2024 Q2 - Quarterly Results

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 ...