November 12, 2024 Third Quarter 2024 Earnings Results 2 Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward looking statements. These statements are not historical facts but rather are based on our current expectations and projections regarding our business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "e ...

Core Viewpoint - FTC Solar reported a quarterly loss of $0.10 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.08, marking a 25% earnings surprise [1] - The company generated revenues of $10.14 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.66%, but down from $30.55 million year-over-year [2] Company Performance - Over the last four quarters, FTC Solar has consistently failed to meet consensus EPS estimates [2] - The stock has declined approximately 24.8% year-to-date, contrasting with the S&P 500's gain of 25.8% [3] Future Outlook - The company's earnings outlook is critical for investors, with current consensus EPS estimates at -$0.06 for the upcoming quarter and -$0.33 for the current fiscal year [7] - The estimate revisions trend for FTC Solar is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The solar industry is currently ranked in the bottom 26% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8] - Canadian Solar, a peer in the industry, is expected to report a quarterly loss of $0.44 per share, reflecting a significant year-over-year decline of 237.5% [9]

Exhibit 99.1 (b) FTC Solar Announces Third Quarter 2024 Financial Results Third Quarter Highlights and Recent Developments • Third quarter revenue of $10.1 million, in-line with prior target • Industry veteran Yann Brandt joined as CEO • Announced 1GW tracker supply agreement with Dunlieh Energy • Announced multi-year agreement with Strata Clean Energy for 500mw, expandable to 1GW+ • Provided incremental project detail on 1GW of projects with Sandhills Energy • Post quarter-end, received $4.7 million earn-o ...

Group 1 - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for momentum stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [1] - A safer investment strategy involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] Group 2 - FTC Solar (FTCI) has shown significant price movement, with a 127.7% increase over the past four weeks, indicating strong investor interest [3] - The stock has also gained 14.2% over the past 12 weeks, demonstrating its ability to maintain momentum over a longer period [4] - FTCI has a high Momentum Score of A, suggesting it is an opportune time to invest in the stock for potential gains [5] Group 3 - The upward trend in earnings estimate revisions has contributed to FTCI's Zacks Rank 2 (Buy), indicating strong momentum among stocks with similar rankings [6] - FTCI is currently trading at a Price-to-Sales ratio of 0.79, suggesting it is undervalued, as investors pay only 79 cents for each dollar of sales [6] - The stock appears to have significant growth potential while maintaining a reasonable valuation [7]

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $11.4 million, a decrease of 9.2% from the prior quarter and a decrease of 64.7% year-over-year due to lower product and logistics volumes [16] - GAAP gross loss was $2.3 million, representing 20.5% of revenue, compared to a gross loss of $2.1 million or 16.7% in the prior quarter [16] - GAAP net loss was $12.2 million or $0.10 per share, compared to a loss of $8.8 million or $0.07 per share in the prior quarter [17] Business Line Data and Key Metrics Changes - The company has over $500 million in signed purchase orders, which is expected to support revenue recovery in the second half of the year [12][18] - The product portfolio has expanded across 1P and 2P configurations, with ongoing improvements in product offerings [13] Market Data and Key Metrics Changes - The company has not seen specific impacts from Southeast Asia AD/CVD on module availability, although industry-wide issues are acknowledged [23] Company Strategy and Development Direction - The company aims to enhance its sales capabilities, particularly in international markets, by adding experienced personnel [12][22] - The focus is on optimizing product portfolios for customers and improving cost structures to enable long-term gross margins of 20% [15] Management's Comments on Operating Environment and Future Outlook - Management noted that project delays due to interconnection and financing issues have impacted revenue expectations, pushing recovery to Q4 [10][11] - The company remains optimistic about a strong recovery and margin growth as revenue ramps up [15] Other Important Information - The break-even revenue level has been reduced to the $50 million to $60 million range, allowing for potential profitability as revenue increases [14][24] Q&A Session Summary Question: How much of the $505 million backlog could be recognized in the next 12 months? - Management indicated that the recognition depends on customer execution, with projects ready to move through revenue numbers [20] Question: How do you expect bookings to trend over the next few quarters? - The addition of a strong sales team is expected to accelerate bookings [22] Question: Have you seen any impact from the Southeast Asia AD/CVD on module availability? - Management has not seen specific impacts on current projects, although industry-wide issues are acknowledged [23] Question: What revenue and gross margin run rate is needed for EBITDA to turn positive in 2025? - Revenue needs to be between $50 million and $60 million per quarter for break-even, with current expenses in the $14 million range [24] Question: Do you expect gross margin to be positive in Q4? - While specific guidance was not provided, improvements in gross margin are expected as revenue grows [25] Question: Will fresh capital be needed given the current cash position? - Management does not anticipate needing fresh capital based on current forecasts and cash collection timing [26] Question: Do you anticipate more cash inflows from working capital in the second half of the year? - Management expects more inflows from working capital in the second half [27]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number 001-40350 FTC SOLAR, INC. (Exact name of registrant as specified in its charter) Delaware 81-4816270 (State or other jurisdi ...

FTC Solar (FTCI) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this solar tracking systems maker would post a loss of $0.09 per share when it actually produced a loss of $0.09, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. FTC Solar, which belongs to ...

Exhibit 99.1 (b) FTC Solar Announces Second Quarter 2024 Financial Results Second Quarter Highlights and Recent Developments • Second quarter revenue of $11.4 million • Industry veteran Yann Brandt named new CEO, effective August 19 • Contracted portion of backlog now stands at $505 million • Company continues to identify operational efficiencies while investing strategically in sales resources AUSTIN, Texas—August 8, 2024–FTC Solar,Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software ...

On his appointment, Mr. Brandt commented, "I am thrilled to be selected to lead FTC Solar, a top brand in the tracking market. I have been familiar with FTC Solar since its inception and continue to be impressed with the reputation it has developed for innovation and ease of use. It is an exciting time to join FTC Solar and work with their customers and prospects, many of which I know well, and provide the best tracker solutions for their projects, while helping to take FTC's business to the next level. Tog ...

AUSTIN, Texas, May 30, 2024 /PRNewswire/ -- FTC Solar, Inc. (Nasdaq: FTCI) a leading provider of innovative solar energy solutions, announces the launch of its Automated Hail Stow Solution, aimed at minimizing solar panel damage caused by hail storms. The solution integrates advanced technology with meteorological data to automatically adjust the positioning of solar panels, reducing the risk of hail-related damage. Hail storms pose a significant threat to solar panel installations, with insurance claims in ...