FTC Solar (NASDAQ:FTCI) reported fourth-quarter results on Thursday that surpassed analyst bottom-line expectations, even as the company issued a cautious outlook for the start of 2026.
The Austin, Texas-based manufacturer of solar tracking systems posted a net loss of $33.7 million, or $2.23 per share.
On an adjusted basis, excluding non-recurring costs and stock-based compensation, the loss was 17 cents per share—narrower than the 21-cent loss anticipated by analysts surveyed by Zacks Investment Research.
Quarterly revenue rose to $32.9 million, a significant year-over-year increase from the prior-year period.
For the full year, FTC Solar reported a net loss of $76.9 million on revenue of $99.7 million.
Despite the quarterly beat, shares faced downward pressure in pre-market trading after the company guided for first-quarter revenue between $20 million and $25 million, trailing the Wall Street consensus of approximately $35 million.
Management attributed the softer near-term forecast to seasonal factors and a transition period for several large-scale utility projects.