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

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 1, 2025, 7:59 PM ET

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 1, 2025, 7:59 PM ET

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.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

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

Action: appointed
Role: independent director

Exact text from the filing

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.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

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

Action: appointed
Role: independent director

Exact text from the filing

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.

View on SEC.gov

FTC Solar, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-061430

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