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FTC Solar (FTCI)
NASDAQ:FTCI
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.03Last Year’s EPS
-0.9Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: 10.00%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
FTC Solar's earnings call indicates a company making significant progress in expanding its backlog and signing new agreements, with a strong outlook for future revenue growth. However, challenges remain, including a substantial year-over-year revenue decline, ongoing net losses, and negative gross margins. The company is focused on operational efficiencies and expects improved performance in 2025.Company Guidance
During the FTC Solar Fourth Quarter 2024 Earnings Conference Call, significant guidance was provided by CEO Yann Brandt and CFO Cathy Behnen. The guidance highlighted the expectation of continued revenue growth throughout 2025, with a specific target of achieving adjusted EBITDA breakeven on a quarterly basis. The company reported fourth-quarter revenue of $13.2 million, reflecting a 30.2% increase from the previous quarter, and set a target for first-quarter 2025 revenue between $18 million and $20 million. In terms of backlog, FTC Solar secured $67 million in new purchase order additions, bringing the contracted portion to $502 million. The company also announced several new supply agreements, including a five-year, five-gigawatt arrangement with Recurrent Energy, which is expected to contribute to revenue starting in the second half of 2025. Additionally, FTC Solar aims to enhance its domestic content capabilities and has planned to introduce a 100% domestic content offering by the third quarter of 2025. These strategic initiatives are designed to support FTC Solar's objective of sustainable growth and profitability.Significant Backlog and New Agreements
FTC Solar added many multiples of its current annual revenue run rate to its backlog and signed long-term customer agreements. Notable agreements include a five-year, five-gigawatt supply arrangement with Recurrent Energy, and new project awards from GPG and Rosendin totaling 613 megawatts.
Revenue Growth and Positive Outlook
Revenue for Q4 2024 was $13.2 million, a 30.2% increase from the prior quarter. The company expects revenue to grow to between $18 million and $20 million in Q1 2025, marking a 44% increase at the midpoint from Q4 2024.
Operational Efficiency Improvements
Non-GAAP operating expenses were reduced to $7.4 million, marking the lowest level since early 2021. This represents a decrease from $8.1 million in the prior quarter and $10.8 million in the same quarter last year.
Strong Bookings Momentum
The company's bidding run rate has nearly doubled compared to the second quarter of the previous year, with a focus on increasing domestic content capabilities and international traction in regions like Australia and Europe.
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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 |
|---|---|---|---|
| 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% |
| May 10, 2024 | $5.50 | $4.66 | -15.27% |
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 May 08, 2025, TBA Not Confirmed.
What is FTC Solar (FTCI) earnings time?
FTC Solar (FTCI) earnings time is at May 08, 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 (Q1) is -1.03.
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