FTC Solar Q2 revenue up 31% YoY to $26.2M; secures $20M equity line; obtains credit waiver

FTC Solar, Inc.

Revenue $26.2M, up 52% q/q and 31% y/y; GAAP net loss $27.1M ($1.69 loss per share).
Non-GAAP net loss $12.3M ($0.76 loss per share); non-GAAP gross loss 5.1% of revenue.
Reaffirms 40% revenue growth for full year 2026; Q3 expects 24% sequential growth.
Enters into $20M equity line with Lincoln Park; issues 60,145 commitment shares.
Obtains limited waiver for credit agreement noncompliance on minimum cash and margin requirements for Q2 2026.

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