FTC Solar Q4 revenue $13.2M, net loss $12.2M; signs 5-GW deal with Recurrent Energy

FTC Solar, Inc.

2025-Q1 EPS reported -$0.58 revenue$20,803,000

Revenue of $13.2M, down 43% YoY; GAAP gross margin negative 29.1%.
Net loss of $12.2M ($0.96 diluted loss per share) vs $11.2M loss a year ago.
Signed 5-GW supply arrangement with Recurrent Energy; awarded 330+ MW Australia project from GPG Naturgy.
Appointed Kent James as U.S. Chief Commercial Officer; upsizing promissory note by $10-$15M expected Q2 close.
Revenue bottomed in Q3; expects growth in Q1 2025 and adjusted EBITDA breakeven.

item 2.02 item 9.01

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