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-out on prior investment entered into binding term sheet for $15 million promissory note to strengthen balance sheet austin, texas, nov. 12, 2024 (globe newswire) -- ftc solar, inc. (nasdaq: ftci), a leading provider of solar tracker systems, today announced financial results for the third quarter ending september 30, 2024, which were in line with the company's prior targets. “i'm excited to have begun my tenure as ceo during the third quarter,” said yann brandt, president and chief executive officer of ftc solar.
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