---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-003644"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2022-03-15T23:59:59+00:00"
generated_at: "2026-06-26T22:54:47.426101+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FTC Solar Q4 rev $101.7M (+130% YoY) beats guidance; acquires HX Tracker; new CFO

## Summary
- Q4 revenue $101.7M, above $70-80M guidance; GAAP net loss $23.9M ($0.25/share).
- Full-year 2021 revenue $270.5M (+44% YoY); GAAP gross margin -12.0%.
- Acquiring China-based HX Tracker for $4.3M cash + 1.4M shares; close expected Q2 2022; ~3x 2023 EBITDA.
- Ali Mortazavi (EVP Global Sales) departing; Patrick Cook (CFO) moves to CCO effective March 31; Phelps Morris named CFO.
- FY 2022 revenue guidance $415-460M (62% YoY growth at midpoint); Q1 guidance revenue $55-65M.

## SEC filing metadata
- accession: 0000950170-22-003644
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2022-03-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000095017022003644/0000950170-22-003644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000095017022003644/ftci-20220311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-003644
- JSON: https://secwatch.observer/filing/0000950170-22-003644.json
- Plain text: https://secwatch.observer/filing/0000950170-22-003644.txt

## Key facts
- Executive change
  Ali Mortazavi departed as Executive Vice President, Global Sales and Marketing at FTC Solar, Inc..
  - Action: ceased to be employed
  - Role: Executive Vice President, Global Sales and Marketing
  source text: On March 11, 2022, Ali Mortazavi and the Chief Executive Officer of the Company agreed that Mr. Mortazavi would cease to be employed by the Company as Executive Vice President, Global Sales and Marketing, after a transition period of approximately 30 days in order to facilitate an effective transition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017022003644/0000950170-22-003644-index.htm
- Executive change
  Phelps Morris was appointed as Chief Financial Officer at FTC Solar, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: The Company will be appointing Phelps Morris, its current Vice President, Corporate Finance, to succeed Mr. Cook as Chief Financial Officer, effective March 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017022003644/0000950170-22-003644-index.htm
- Executive change
  Patrick Cook changed role as Chief Commercial Officer at FTC Solar, Inc..
  - Action: transitioned
  - Role: Chief Commercial Officer
  source text: As of March 15, 2022, the Company will be transitioning Patrick Cook, its current Chief Financial Officer, to a new expanded role as Chief Commercial Officer, effective March 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017022003644/0000950170-22-003644-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.