FTC Solar manufactures and sells solar tracker systems for utility-scale solar energy projects. The company produces two primary product lines: the Voyager, a two-module-in-portrait tracker system, and the Pioneer, a one-module-in-portrait solution. Both systems serve the balance-of-system components market, where trackers optimize panel orientation to follow the sun's movement throughout the day, thereby increasing energy generation. The company also provides software solutions that support tracker operation and performance monitoring.
FTC Solar serves project developers, solar asset owners, and engineering, procurement, and construction contractors involved in the design and construction of large-scale solar installations. The company operates across multiple geographies, including the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. FTC Solar was incorporated in Delaware in 2017 and maintains headquarters in Austin, Texas, with a workforce of approximately 202 full-time employees.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $-3.83 | $-3.83 | -770.5% | |
| 2023 | $-0.44 | $-0.44 | +55.1% | |
| 2022 | $-0.98 | $-0.98 | +21.0% | |
| 2021 | $-1.24 | $-1.24 | — |