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FTC Solar (FTCI)
NASDAQ:FTCI
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.85Last Year’s EPS
-0.9Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 27.27%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant backlog and revenue growth alongside product innovation and reduced operating expenses, suggesting positive momentum. However, ongoing gross loss, net loss, and market uncertainty due to tariffs present challenges. The overall sentiment is cautiously optimistic with strong growth potential but current financial challenges.Company Guidance
During the FTC Solar First Quarter 2025 Earnings Conference Call, the company provided guidance highlighting robust growth metrics and strategic advancements. Revenue for the quarter was $20.8 million, exceeding the high end of their guidance range, reflecting a sequential growth of 58% from the previous quarter and a 65% increase from the same quarter last year. The company has significantly expanded its backlog to $482 million and secured agreements totaling over 6.5 gigawatts with Tier 1 accounts. Their 1P product line now accounts for 90% of bidding activity, with bid volume up 60% year-over-year, and average project size increasing by 65%. FTC Solar expects to achieve adjusted EBITDA breakeven within 2025, driven by continued revenue growth, a diversified supply chain, and ongoing innovation in their product offerings. Despite market uncertainties, such as tariff implications, FTC Solar remains optimistic about its long-term growth potential, underpinned by strong market demand and legislative support for solar energy.Significant Backlog and Revenue Growth
Contracted portion of the company’s backlog now stands at $482 million. Revenue for Q1 2025 came in at $20.8 million, which represents an increase of 58% compared to the prior quarter and 65% compared to the year-earlier quarter due to higher product volumes.
1P Product Innovation and Customer Engagement
FTC Solar introduced its first 1P solution, Pioneer, and has greatly expanded the 1P product line. Customer visits to product demonstration facilities have increased 100% and 240% over the past six to nine months compared to the previous year.
Reduced Operating Expenses
Non-GAAP operating expenses were $6.6 million, down from $8.7 million in the same quarter last year and $7.4 million in the prior quarter, marking the sixth consecutive quarter of OpEx reductions.
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FTCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $3.19 | $3.32 | +4.08% |
Mar 31, 2025 | $2.50 | $2.87 | +14.80% |
Nov 12, 2024 | $5.21 | $4.55 | -12.67% |
Aug 08, 2024 | $3.80 | $2.53 | -33.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FTC Solar (FTCI) report earnings?
FTC Solar (FTCI) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is FTC Solar (FTCI) earnings time?
FTC Solar (FTCI) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTCI EPS forecast?
FTCI EPS forecast for the fiscal quarter 2025 (Q2) is -0.85.
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