FTC Solar(FTCI) - 2024 Q1 - Quarterly Results

Exhibit 99.1 FTC Solar Announces First Quarter 2024 Financial Results First Quarter Highlights and Recent Developments Summary Financial Performance: Q1 2024 compared to Q1 2023 | | U.S. GAAP | | | | Non-GAAP | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | Three months ended March 31, | | | | | (in thousands, except per share data) | 2024 | | | 2023 | 2024 | | | 2023 | | Revenue | $ | 12,587 | $ | 40,894 | $ | 12,587 | $ | 40,894 | | Gross margin percentage | | (16.7 %) | | 5.0 % ...