Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FTC Solar, Inc. reported the first quarter ended March 31, 2023 results: revenue $40.9 million, net income $11.8 million, EPS $0.11 per share.
- Period
- the first quarter ended March 31, 2023
- Revenue
- $40.9 million
- Net income
- $11.8 million
- EPS
- $0.11 per share
- Result
- reported results
Exact text from the filing
$ (11,762 ) $ (27,793 ) $ (7,358 ) $ (20,284 ) Diluted loss per share $ (0.11 ) $ (0.28 ) $ (0.07 ) $ (0.20 ) (a) Adjusted EBITDA for Non-GAAP Total first quarter revenue was $40.9 million, slightly above our prior guidance range. This revenue level represents an increase of 56.0% compared to the prior quarter, continuing the momentum off the third-quarter 2022
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FTC Solar, Inc. reported the second quarter of 2023 results: revenue $42.5 - $52.5. Guidance initiated.
- Period
- the second quarter of 2023
- Revenue
- $42.5 - $52.5
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
as our product cost-reduction initiatives continue to positively impact the income statement. (in millions) 1Q '23 Guidance 1Q '23 Actual 2Q '23 Guidance Revenue $36 - $40 $40.9 $42.5 - $52.5 Non-GAAP Gross Profit $0.7 - $3.2 $3.0 $4.0 - $6.5 Non-GAAP Gross Margin 2% - 8% 7.3% 9% - 12% Non-GAAP operating expenses $10 - $11 $10.1 $10 - $11 Non-GAAP adjusted
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