Brief: FTC Solar Q2 Adjusted EPS USD -0.86

FTC Solar

05/08/2025 11:30

Overview

FTC Solar Q2 revenue rises 74.9% y/y but misses analyst expectations

Adjusted EPS for Q2 misses estimates, reflecting ongoing financial challenges

Co secures $75 mln strategic financing facility, enhancing financial stability

Outlook

Company expects Q3 revenue to rise approximately 5% from Q2

FTC Solar anticipates significant revenue ramp in Q4

Company sees Q3 revenue between $18 mln and $24 mln

Introduction of extra-long tracker for 2,000-volt systems to reduce costs

Result Drivers

COST EFFICIENCIES - Operating expenses reduced to multi-year low, contributing to improved financial position

HIGHER PRODUCT VOLUMES - Revenue growth of 74.9% y/y driven by increased product volumes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$19.99 mln
$21.10 mln (3 Analysts)
Q2 Adjusted EPS
Miss
-$0.86
-$0.72 (3 Analysts)
Q2 Adjusted Net Income
Miss
-$11.21 mln
-$9.76 mln (3 Analysts)
Q2 Adjusted Income From Operations
Beat
-$10.36 mln
-$11.90 mln (2 Analysts)
Q2 Adjusted Gross Margin
-17.4%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for FTC Solar Inc is $4.40, about 50.2% below its August 4 closing price of $6.61

Press Release: ID:nGNXb7df0B

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)