---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-124516"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:10:14.335174+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FTC Solar Q3 revenue $10.1M (-67% YoY); net loss $15.4M; new CEO, tracker deals

## Summary
- Q3 revenue $10.1M, down 67% YoY from $30.5M; GAAP net loss $15.4M ($0.12 EPS).
- GAAP gross margin -42.5%, vs 11.1% a year ago; adjusted gross margin -38.3%.
- Backlog contracted portion $513M; added $18M in new purchase orders since Aug 8.
- Yann Brandt appointed CEO; 1GW tracker supply agreement with Dunlieh Energy.
- Entered $15M promissory note term sheet; received $4.7M earn-out post-quarter.

## SEC filing metadata
- accession: 0000950170-24-124516
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000095017024124516/0000950170-24-124516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000095017024124516/ftci-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-124516
- JSON: https://secwatch.observer/filing/0000950170-24-124516.json
- Plain text: https://secwatch.observer/filing/0000950170-24-124516.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.