{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-030775","form_type":"8-K","ticker":"FTCI","cik":"0001828161","company_name":"FTC Solar, Inc.","filed_at":"2024-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.781887+00:00","generated_at":"2026-06-04T22:29:45.360753+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FTC Solar Q4 revenue $23.2M, net loss $11.2M; backlog $1.7B; expects Q1 trough, profitability by Q4","bullets":["Revenue $23.2M, down 24.1% QoQ and 11.5% YoY; GAAP net loss $0.09/share vs $0.20 loss in Q4 2022.","Non-GAAP adjusted EBITDA loss $10.1M; Non-GAAP gross margin improved to 4.8% vs -3.4% YoY.","Added $213M to backlog since Nov 8, total backlog ~$1.7B; Q1 2024 revenue guidance $10M-$15M.","Expects breakeven Adj. EBITDA by Q3 2024 and profitability in Q4 2024; CEO search underway.","Operating expenses reduced; Anthony Carroll appointed Chairman of Customer Advisory Board."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-030775","json":"https://secwatch.observer/filing/0000950170-24-030775.json","markdown":"https://secwatch.observer/filing/0000950170-24-030775.md","text":"https://secwatch.observer/filing/0000950170-24-030775.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828161/000095017024030775/0000950170-24-030775-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828161/000095017024030775/ftci-20240313.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T22:29:45.360753+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":"8ba66d8729f4059ac5f462e0417b428489ab0dd8","claim":"FTC Solar, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $23.2 million, net income $11.2 million, EPS $0.09 per share. Guidance initiated.","evidence_excerpt":"(EX-99.1) --- EX-99.1 Exhibit 99.1 FTC Solar Announces Fourth Quarter 2023 Financial Results Fourth Quarter Highlights and Recent Developments • Fourth quarter revenue of $23.2 million • Continue to improve cost structure to lower break-even revenue level • Added approximately $213 million to backlog 1 since Nov. 8; acceleration in contracted projects • Anthony","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828161/000095017024030775/0000950170-24-030775-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$23.2 million"},{"label":"Net income","value":"$11.2 million"},{"label":"EPS","value":"$0.09 per share"},{"label":"Guidance","value":"initiated"},{"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"}