FTC Solar Announces First Quarter 2024 Financial Results
FTC Solar, Inc. (FTCI)
Company Research
Source: GlobeNewswire
First quarter revenue of $12.6 millionCompany remains focused on purchase orders, operational efficiencies, quality and customer serviceTotal backlog now stands at $1.8 billionContinue to expect to achieve quarterly profitability in 2024 AUSTIN, Texas, May 10, 2024 (GLOBE NEWSWIRE) -- FTC Solar,?Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced financial results for the?first quarter ended?March 31, 2024. First Quarter Results“The company's first-quarter results were in line with our targets,” said Shaker Sadasivam, Chairman of the Board of FTC Solar. "During the quarter, the company remained focused on advancing key initiatives that will support future growth and profitability including improving gross margin potential, lowering the breakeven revenue level, improving business processes and driving customer engagement and purchase orders.” Total backlog now stands at approximately $1.8 billion. Summary Financial
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- FTC Solar, Inc. (NASDAQ:FTCI): When Will It Breakeven? [Yahoo! Finance]Yahoo! Finance
- FTC Solar Announces New Sales and Leadership Appointments [Yahoo! Finance]Yahoo! Finance
- FTC Solar Announces New Sales and Leadership AppointmentsGlobeNewswire
FTCI
Earnings
- 5/10/24 - Beat
FTCI
Sec Filings
- 5/30/24 - Form 8-K
- 5/30/24 - Form SD
- 5/17/24 - Form S-8
- FTCI's page on the SEC website