FTC Solar(US:FTCI)2022-05-11 11:18Financial Performance - First Quarter 2022 revenue was $49553 thousand, compared to $65707 thousand in the same period of 2021[11] - Gross margin percentage for the first quarter of 2022 was negative 18.7%, compared to 0.2% in the first quarter of 2021[11] - Net loss for the first quarter of 2022 was $27793 thousand, compared to $7442 thousand in the first quarter of 2021[11] - Diluted loss per share for the first quarter of 2022 was $0.28, compared to $0.11 in the first quarter of 2021[11] - Second Quarter 2022 revenue guidance is $30 million to $35 million[13] - Second Quarter 2022 Non-GAAP gross margin is expected to be negative 29% to negative 19%[13] - Adjusted EBITDA for the second quarter of 2022 is projected to be negative $19.7 million to negative $16.7 million[13] Business Highlights - Bookings progress reached $664 million, with $112 million added since March 15[5] - Approximately 50% of recent bookings are international[5] - The international pipeline has reached 32 GW, representing a 20%+ year-to-date growth[5, 7, 16]