{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-020047","form_type":"8-K","ticker":"FTCI","cik":"0001828161","company_name":"FTC Solar, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.939071+00:00","generated_at":"2026-06-15T06:59:25.156974+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FTC Solar Q1 revenue $40.9M (+56% QoQ), GAAP gross margin 5.0%, net loss $0.11/sh, backlog $1.4B","bullets":["Revenue $40.9M (above guidance $36-40M), up 56% QoQ; non-GAAP gross margin 7.3%.","GAAP net loss $11.8M ($0.11/sh) vs $20.5M loss in prior Q; adjusted EBITDA loss $7.2M.","Backlog reached $1.4B with $235M added since March 1; pipeline record 134 GW.","Q2 guidance: revenue $42.5-52.5M, non-GAAP gross margin 9-12%, adjusted EBITDA loss $(7.0)-$(3.5)M.","New Pioneer 1P tracker shipping ahead of schedule; first orders in U.S. and Australia."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-020047","json":"https://secwatch.observer/filing/0000950170-23-020047.json","markdown":"https://secwatch.observer/filing/0000950170-23-020047.md","text":"https://secwatch.observer/filing/0000950170-23-020047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828161/000095017023020047/0000950170-23-020047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828161/000095017023020047/ftci-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:59:25.156974+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"11b23815663e91a46d5428ec0199f092ff185780","claim":"FTC Solar, Inc. reported the first quarter ended March 31, 2023 results: revenue $40.9 million, net income $11.8 million, EPS $0.11 per share.","evidence_excerpt":"$ (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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828161/000095017023020047/0000950170-23-020047-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$40.9 million"},{"label":"Net income","value":"$11.8 million"},{"label":"EPS","value":"$0.11 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"431582cc03586266eae0f8f37015714741f53594","claim":"FTC Solar, Inc. reported the second quarter of 2023 results: revenue $42.5 - $52.5. Guidance initiated.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828161/000095017023020047/0000950170-23-020047-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2023"},{"label":"Revenue","value":"$42.5 - $52.5"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}