---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-004848"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:37:26.132180+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FTC Solar Q4 revenue $26.2M, down 74% YoY; backlog hits $1.2B; guides Q1 $36-40M

## Summary
- GAAP net loss $20.5M ($0.20 loss per share); non-GAAP adjusted EBITDA loss $11.0M.
- Revenue up 58% sequentially from Q3 lows; non-GAAP gross margin improved to (3.4%) from (57.4%) prior quarter.
- Backlog crosses $1B for first time at $1.2B, with $240M added in period; pipeline record 110GW.
- Q1 2023 guidance: revenue $36-40M, non-GAAP gross margin 2%-8%, adjusted EBITDA loss $(10.3)-(6.8)M.
- Announced U.S. manufacturing joint venture using domestic steel to capture IRA benefits.

## SEC filing metadata
- accession: 0000950170-23-004848
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000095017023004848/0000950170-23-004848-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000095017023004848/ftci-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-004848
- JSON: https://secwatch.observer/filing/0000950170-23-004848.json
- Plain text: https://secwatch.observer/filing/0000950170-23-004848.txt

## Key facts
- Earnings Releases
  FTC Solar, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $26.2 million, net income $20.5 million, EPS $0.20 per share. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $26.2 million
  - Net income: $20.5 million
  - EPS: $0.20 per share
  - Guidance: initiated
  - Result: reported results
  source text: $ (20,501 ) $ (23,882 ) $ (11,499 ) $ (16,653 ) Diluted loss per share $ (0.20 ) $ (0.25 ) $ (0.11 ) $ (0.17 ) (a) Adjusted EBITDA for Non-GAAP Total fourth quarter revenue was $26.2 million, in line with our prior guidance range. This revenue level reflects the lower demand environment in the U.S., as customers struggle to navigate the regulatory environment and get
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017023004848/0000950170-23-004848-index.htm

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