FTC Solar Q1 revenue $20.8M (+58% q/q); net loss $3.8M; board adds two directors

FTC Solar, Inc.

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

Revenue $20.8M, up 58% q/q and above target; gross margin negative 16.6%.
GAAP net loss $3.8M ($0.58 diluted loss per share); adjusted net loss $10.8M.
Total operating expenses fell to $7.1M, a multi-year low, from $10.4M a year ago.
Bid activity up 60% y/y; signed over 6.5 GW agreements with Tier 1 customers; backlog added multiples of annual revenue run rate.
Board of Directors appointed Darrell Jackson and Maximillian Sultan as independent directors effective April 28, 2025.

item 2.02 item 5.02 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0000950170-25-061430
form_type: 8-K
ticker: FTCI
cik: 0001828161
company_name: FTC Solar, Inc.
filed_at: 2025-05-01T23:59:59+00:00
discovered_at: 2026-05-14T18:02:49.978386+00:00
generated_at: 2026-05-23T00:59:08.456246+00:00
sec_items: ["2.02", "5.02", "9.01"]
event_type: earnings
sentiment: neutral
materiality_score: 0.6
confidence: high
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markdown_url: https://secwatch.observer/filing/0000950170-25-061430.md
text_url: https://secwatch.observer/filing/0000950170-25-061430.txt
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edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017025061430/ftci-20250428.htm
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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Darrell Jackson

independent director

FTCI · FTC Solar, Inc.

Effective: 2025-04-28
Filed: May 01, 2025 23:59 UTC

On April 28, 2025, the Board of Directors (the "Board") of the Company appointed Darrell Jackson and Maximillian Sultan as independent directors of the Company, effective immediately.

Appointed

Maximillian Sultan

independent director

FTCI · FTC Solar, Inc.

Effective: 2025-04-28
Filed: May 01, 2025 23:59 UTC

On April 28, 2025, the Board of Directors (the "Board") of the Company appointed Darrell Jackson and Maximillian Sultan as independent directors of the Company, effective immediately.

Source-grounded claims

6a566c9bce

Darrell Jackson was appointed as independent director at FTC Solar, Inc..

On April 28, 2025, the Board of Directors (the "Board") of the Company appointed Darrell Jackson and Maximillian Sultan as independent directors of the Company, effective immediately.

SEC 8-K Item 5.02 confidence 1.0 SEC evidence

7cb655d859

Maximillian Sultan was appointed as independent director at FTC Solar, Inc..

On April 28, 2025, the Board of Directors (the "Board") of the Company appointed Darrell Jackson and Maximillian Sultan as independent directors of the Company, effective immediately.

SEC 8-K Item 5.02 confidence 1.0 SEC evidence

Source: SEC EDGAR

accession 0000950170-25-061430

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