Revenue Growth Compared to Previous Year
Revenue for the second quarter of 2025 was $20 million, representing an increase of 75% compared to the year-earlier quarter due to higher product volume.
Strategic Financing Facility
FTC Solar announced a new $75 million strategic financing facility with Cleanhill Partners and other investors, providing additional financial runway and customer confidence.
Innovative Product Advancements
FTC Solar has introduced innovations such as a high stow angle for hail protection and an extra long tracker built specifically for 2,000 volt systems, strengthening their product line.
Reduced Operating Expenses
Non-GAAP operating expenses were $6.5 million, down from $8.3 million in the same quarter last year, marking the seventh consecutive quarter of OpEx reductions.