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FTC Solar(FTCI) - 2024 Q3 - Quarterly Results
FTCIFTC Solar(FTCI)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 10.1million,in−linewithpriortarget•IndustryveteranYannBrandtjoinedasCEO•Announced1GWtrackersupplyagreementwithDunliehEnergy•Announcedmulti−yearagreementwithStrataCleanEnergyfor500mw,expandableto1GW+•Providedincrementalprojectdetailon1GWofprojectswithSandhillsEnergy•Postquarter−end,received10.1 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 ...