FTC Solar Q2 revenue $30.7M, net loss $25.7M; guides Q4 rebound to $75-90M

FTC Solar, Inc.

2022-Q2 EPS reported -$0.54 revenue$80,274,000

Q2 revenue $30.7M, down 39% YoY; GAAP net loss $25.7M ($0.26/sh); Adj. EBITDA loss $17.7M.
Contracted and awarded orders total $774M, adding $141M since May 9; record project pipeline.
New top 10 utility customer, strategic EPC partner, and first Thailand project award.
Q3 revenue guidance $16.5-19M; expects gross margin negative; Q4 targets $75-90M revenue with positive gross margin.
Closed acquisition of HX Tracker; cost-reduction initiatives and staffing growth noted.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.