FTCI
FTC Solar, Inc.9.57
+0.30+3.24%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
142.98MP/E (TTM)
-Basic EPS (TTM)
-4.12Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
8-K
Stockholders approve share expansions
FTC Solar stockholders approved two key proposals at the September 4, 2025 special meeting, unlocking 6,836,237 common shares upon warrant exercises beyond existing caps and adding 2,000,000 shares to the 2021 Stock Incentive Plan's reserve, now totaling 5,071,068 shares post-reverse split. This bolsters equity incentives amid the company's emerging growth status. Warrants expand potential dilution; plan supports talent retention.
10-Q
Q2 FY2025 results
FTC Solar's Q2 revenue jumped 75% year-over-year to $20M, driven by 147% higher MW produced from recent 1P tracker wins, though average selling prices dipped 27% on project mix shifts; service revenue rose 56% on logistics gains. Gross margins held steady at -19.6%, pressured by tariffs and Alpha Steel commitments yet buoyed by headcount cuts and lower warranty costs. Operating loss narrowed to $11.5M from $11.9M, with expenses down 21% on payroll and professional fee trims. Cash dipped to $3.5M amid $10.8M YTD operating burn, but July's $13M net from a $75M credit facility—secured by assets, maturing 2029 at 12% interest—bolsters liquidity, alongside $13.8M ATM capacity. Free cash flow not disclosed in the 10-Q. Revenue surged, but tariffs sting.
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