Highest-materiality recent filing
FTC Solar appoints Anthony Carroll CEO; Q1 revenue falls 47% to $17.3M
Anthony Carroll appointed President/CEO effective April 29, replacing Yann Brandt; Carroll previously CEO of Veev (Lennar) and President of Powin.
Waiver for purchase order covenant breach in Q4 2025; covenant suspended until March 2027.
FTC Solar Q4 2025 revenue $32.9M, up 149% YoY; gross margin improves to 21%
Revenue $32.9M, up 26% QoQ and 149% YoY, at high-end of guidance.
Revenue of $26.0M (+156.8% YoY, +30.2% QoQ) above target guidance.
FTC Solar Q2 revenue up 75% to $20M, net loss $15.4M; secures $75M financing
Revenue $20.0M, +74.9% y/y; GAAP net loss $15.4M ($1.18/sh) vs $12.2M loss a year ago.
FTC Solar secures $75M financing facility; $14.3M funded, up to $23.2M more in Q3
Received $14.3M term loan and issued warrants on July 2, 2025.
FTC Solar Q1 revenue $20.8M (+58% q/q); net loss $3.8M; board adds two directors
Revenue $20.8M, up 58% q/q and above target; gross margin negative 16.6%.
FTC Solar enters into ATM equity offering agreement for up to $11.35M
Enters ATM agreement with H.C. Wainwright to sell up to $11,350,576 of common stock.
FTC Solar Q4 revenue $13.2M, net loss $12.2M; signs 5-GW deal with Recurrent Energy
Revenue of $13.2M, down 43% YoY; GAAP gross margin negative 29.1%.
FTC Solar enters binding term sheet for up to $10M in senior secured notes and warrants
Notes bear 11% interest (13% PIK option), mature in 5 years, secured by all company assets.
FTC Solar closes $15M senior secured note offering with 11% interest and warrants
Issued $15M in senior secured notes due Dec 2029; interest 11% cash or 13% PIK at company's option.
1-for-10 reverse stock split effective 5:00 PM ET Nov 29, 2024; adjusted trading starts Dec 2, 2024.
FTC Solar stockholders approve reverse stock split at 1-for-5 to 1-for-25 ratio
Special meeting held Nov 8, 2024; amendment to charter approved.
FTC Solar Q3 revenue $10.1M (-67% YoY); net loss $15.4M; new CEO, tracker deals
Q3 revenue $10.1M, down 67% YoY from $30.5M; GAAP net loss $15.4M ($0.12 EPS).
FTC Solar Q2 revenue $11.4M (down 65% YoY), net loss $12.2M; names Yann Brandt CEO
Q2 revenue $11.4M, down 65% from $32.4M in Q2 2023.
FTC Solar appoints Yann Brandt as President and CEO, effective August 19, 2024
Mr. Brandt, former FlexGen CCO and CFO, brings 18+ years solar and energy storage experience.
FTC Solar transfers stock listing from Nasdaq Global Market to Capital Market
Nasdaq approved transfer of FTC Solar common stock from Global Market to Capital Market effective May 31, 2024.
FTC Solar Q1 revenue $12.6M, down 69% YoY; net loss $0.07/share; backlog $1.8B
Revenue $12.6M, down 69% YoY vs $40.9M; GAAP gross margin negative 16.7%.
FTC Solar Q4 revenue $23.2M, net loss $11.2M; backlog $1.7B; expects Q1 trough, profitability by Q4
Revenue $23.2M, down 24.1% QoQ and 11.5% YoY; GAAP net loss $0.09/share vs $0.20 loss in Q4 2022.
FTC Solar receives Nasdaq non-compliance notice for bid price below $1.00
Nasdaq notified FTC Solar on Dec 22, 2023 that stock bid price was below $1.00 for 30 consecutive business days.
FTC Solar Q3 revenue $30.5M (+84% YoY); CEO and CFO depart; interim CFO appointed
CEO Sean Hunkler and CFO Phelps Morris stepped down effective Nov 2, 2023; will stay as advisors until December.
FTC Solar Q2 revenue $32.4M, net loss $10.4M; backlog reaches $1.6B
GAAP net loss of $10.4M ($0.09 per share); Adjusted EBITDA loss $7.2M, flat QoQ.
FTC Solar Q1 revenue $40.9M (+56% QoQ), GAAP gross margin 5.0%, net loss $0.11/sh, backlog $1.4B
Revenue $40.9M (above guidance $36-40M), up 56% QoQ; non-GAAP gross margin 7.3%.
FTC Solar cancels half of CEO's performance options, lowers exercise price targets to $10 and $21
Cancelled 526,875 shares of $30-target options and 526,875 shares of $60-target options, without consideration.
FTC Solar Q4 revenue $26.2M, down 74% YoY; backlog hits $1.2B; guides Q1 $36-40M
GAAP net loss $20.5M ($0.20 loss per share); non-GAAP adjusted EBITDA loss $11.0M.
FTC Solar announces JV with Taihua New Energy for domestic steel component manufacturing in Texas
Joint venture Alpha Steel LLC formed with Taihua New Energy to produce torque tubes and steel components for utility-scale solar.
FTC Solar settles FCX patent litigation for $1.5M cash plus 797,396 shares
Settlement agreement with FCX Solar on Dec 29, 2022, resolving breach-of-contract and fraud claims.
FTC Solar Q3 revenue down 69% YoY to $16.6M; backlog hits $961M, Q4 guidance lower
Revenue $16.6M (-69% YoY); GAAP net loss $25.6M ($0.25/shr); Adjusted EBITDA loss $17.7M.
FTC Solar enters $100M at-the-market equity distribution agreement with Credit Suisse
Up to $100M of common stock may be sold through Credit Suisse as sales agent in at-the-market offerings.
FTC Solar Q2 revenue $30.7M, net loss $25.7M; guides Q4 rebound to $75-90M
Q2 revenue $30.7M, down 39% YoY; GAAP net loss $25.7M ($0.26/sh); Adj. EBITDA loss $17.7M.
FTC Solar refiles FY2021 10-K; auditor adds substantial doubt going concern paragraph
Auditor's report now includes a paragraph raising substantial doubt about FTC Solar's ability to continue as a going concern.
FTC Solar amends credit facility, reduces minimum liquidity covenant to $50M through March 2023
Minimum liquidity covenant lowered from $125M to $50M until March 31, 2023; company currently meets the $50M threshold.
FTC Solar Q1 rev $49.6M (incl. $5M reserve), net loss $27.8M; withdraws FY22 guidance
GAAP net loss $27.8M ($0.28 diluted EPS); non-GAAP net loss $20.3M ($0.20 EPS).
FTC Solar names Robert Phelps Morris as CFO; base salary $310K, RSU grant $750K
Robert Phelps Morris appointed CFO effective March 31, 2022; previously VP Corporate Finance.
FTC Solar Q4 rev $101.7M (+130% YoY) beats guidance; acquires HX Tracker; new CFO
Q4 revenue $101.7M, above $70-80M guidance; GAAP net loss $23.9M ($0.25/share).
As a result, Yann Brandt departed as the Company’s President and Chief Executive Officer and as a Company director, effective as of April 29, 2026.
On April 29, 2026, the Board of Directors of the Company (the “Board”) appointed Anthony Carroll as the Company’s President and Chief Executive Officer, effective as of April 29, 2026.
Yann Brandt departed as the Company’s President and Chief Executive Officer and as a Company director, effective as of April 29, 2026.
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.
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.
The Board of Directors (the “ Board ”) of the Company appointed Pablo Barahona as an independent director of the Company, effective August 12, 2024.
On August 15, 2024, the Company issued a press release announcing that Isidoro Quiroga Cortés resigned from his position as a director of FTC Solar, Inc. (the “Company”), effective August 11, 2024.
On July 23, 2024, FTC Solar, Inc. (the “ Company ”) announced that its Board of Directors (the “ Board ”) has appointed Yann Brandt as the Company’s President, Chief Executive Officer and a member of the Board, all effective as of August 19, 2024 (the “ Effective Date ”).
Tamara Mullings resigned from her position as a director of FTC Solar, Inc. (the “Company”) on May 13, 2024, effective immediately.
the Company appointed Mrs. Mullings as Senior Vice President – North American Sales.
the Company will be transitioning Patrick Cook, its current Chief Commercial Officer, to a new role as Senior Vice President – Capital Markets & Business Development, effective immediately.
Additionally, on November 2, 2023, the Board appointed Cathy Behnen, the Company’s Chief Accounting Officer, to serve as the Chief Financial Officer of the Company on an interim basis, effective November 3, 2023.
Max materiality 0.85 · Median 0.60 · Most common event earnings