{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-040123","form_type":"8-K","ticker":"FTCI","cik":"0001828161","company_name":"FTC Solar, Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.530701+00:00","generated_at":"2026-06-11T23:14:52.320560+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"FTC Solar Q2 revenue $32.4M, net loss $10.4M; backlog reaches $1.6B","bullets":["GAAP net loss of $10.4M ($0.09 per share); Adjusted EBITDA loss $7.2M, flat QoQ.","Gross margin expanded to 6.8% GAAP (8.2% non-GAAP) from 5.0% prior quarter.","Backlog grew to $1.6B with $259M added since May; includes 1GW Cat Creek award.","Q3 revenue guidance $24-34M, down QoQ; expects return to growth in Q4.","New international awards: 300MW in Spain/Italy, 120MW in South Africa."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-040123","json":"https://secwatch.observer/filing/0000950170-23-040123.json","markdown":"https://secwatch.observer/filing/0000950170-23-040123.md","text":"https://secwatch.observer/filing/0000950170-23-040123.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828161/000095017023040123/0000950170-23-040123-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828161/000095017023040123/ftci-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T23:14:52.320560+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":"e60b84cd764024614e1eacc3c746618efde6c28d","claim":"FTC Solar, Inc. reported the second quarter ended June 30, 2023 results: revenue $32.4 million, net income $10.4 million, EPS $0.09 per share. Guidance lowered.","evidence_excerpt":"Total second-quarter revenue was $32.4 million, coming in short of our target range, as customer project delays pushed revenue to future periods. This revenue level represents a decrease of 20.9% compared to the prior quarter, on lower product volume. Compared to the year-earlier quarter, revenue increased 5.3%, driven primarily by higher product volume. GAAP gross profit was $2.2 million, or 6.8% of revenue, compared to gross profit of $2.0 million, or 5.0% of revenue, in the prior quarter. Non-GAAP gross profit was $2.6 million or 8.2% of revenue. The result for this quarter compares to a non-GAAP gross loss of $5.4 million in the prior-year period, with the difference driven primarily by significantly improved product direct margins. GAAP operating expenses were $12.6 million. On a non-GAAP basis, excluding stock-based compensation and certain other costs, operating expenses were $9.7 million, compared to $12.4 million in the year-ago quarter. The year-over-year decrease was driven","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828161/000095017023040123/0000950170-23-040123-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$32.4 million"},{"label":"Net income","value":"$10.4 million"},{"label":"EPS","value":"$0.09 per share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}