{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-057437","form_type":"8-K","ticker":"FTCI","cik":"0001828161","company_name":"FTC Solar, Inc.","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.458900+00:00","generated_at":"2026-06-02T04:06:28.495435+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 Q1 revenue $12.6M, down 69% YoY; net loss $0.07/share; backlog $1.8B","bullets":["Revenue $12.6M, down 69% YoY vs $40.9M; GAAP gross margin negative 16.7%.","GAAP net loss $8.8M ($0.07 EPS) vs $11.8M loss ($0.11 EPS) in Q1 2023.","Backlog stands at $1.8B; company expects revenue weighted to H2 2024.","Guidance: Q2 rev $10.5-15.5M; targeting positive adjusted EBITDA by Q4 2024.","Non-GAAP adjusted EBITDA loss $10.7M; operating expenses $8.7M (non-GAAP)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-057437","json":"https://secwatch.observer/filing/0000950170-24-057437.json","markdown":"https://secwatch.observer/filing/0000950170-24-057437.md","text":"https://secwatch.observer/filing/0000950170-24-057437.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828161/000095017024057437/0000950170-24-057437-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828161/000095017024057437/ftci-20240510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:06:28.495435+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":"b6eaf320186a3c9023244fffa662e62d44c155d0","claim":"FTC Solar, Inc. reported the first quarter ended March 31, 2024 results: revenue $12.6 million, net income $8.8 million or $0.07 per share, EPS $0.07 per share.","evidence_excerpt":"EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 FTC Solar Announces First Quarter 2024 Financial Results First Quarter Highlights and Recent Developments • First quarter revenue of $12.6 million • Company remains focused on purchase orders, operational efficiencies, quality and customer service • Total backlog now stands at $1.8 billion • Continue to expect to achieve","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828161/000095017024057437/0000950170-24-057437-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$12.6 million"},{"label":"Net income","value":"$8.8 million or $0.07 per share"},{"label":"EPS","value":"$0.07 per share"},{"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"}