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.
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.
Max materiality 0.75 · Median 0.70 · Most common event earnings