---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-023488"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:51:53.218160+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FTC Solar Q3 revenue down 69% YoY to $16.6M; backlog hits $961M, Q4 guidance lower

## Summary
- Revenue $16.6M (-69% YoY); GAAP net loss $25.6M ($0.25/shr); Adjusted EBITDA loss $17.7M.
- Backlog reached $961M, up $203M since Aug 9; record 90GW project pipeline.
- Launched Pioneer 1P tracker with initial 500MW agreement; awarded 128MW Australia project.
- Q4 guidance: rev $23-27M, adj EBITDA loss $(14.5)-$(10)M; sees Q3 as low point.
- UFLPA-related module delays continue impacting US market; international expansion progressing.

## SEC filing metadata
- accession: 0000950170-22-023488
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000095017022023488/0000950170-22-023488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000095017022023488/ftci-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-023488
- JSON: https://secwatch.observer/filing/0000950170-22-023488.json
- Plain text: https://secwatch.observer/filing/0000950170-22-023488.txt

## Key facts
- Earnings Releases
  FTC Solar, Inc. reported the third quarter ended September 30, 2022 results: revenue $16,572, net income $(25,636), EPS $(0.25).
  - Period: the third quarter ended September 30, 2022
  - Revenue: $16,572
  - Net income: $(25,636)
  - EPS: $(0.25)
  - Result: reported results
  source text: Summary Financial Performance: Q3 2022 compared to Q3 2021 GAAP Non-GAAP Three months ended September 30, (in thousands, except per share data) 2022 2021 2022 2021 Revenue $ 16,572 $ 52,989 $ 16,572 $ 52,989 Gross margin percentage (57.4 %) (15.2 %) (49.8 %) (14.5 %) Total operating expenses $ 17,179 $ 14,731 $ 9,147 $ 8,412 Loss from operations (a) $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017022023488/0000950170-22-023488-index.htm

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