FTC Solar, Inc. (NASDAQ:FTCI) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET

Company Participants

Bill Michalek - VP, IR

Sean Hunkler - President, CEO & Director

Phelps Morris - CFO

Patrick Cook - Chief Commercial Officer

Conference Call Participants

Donovan Schafer - Northland Capital Markets

Philip Shen - ROTH MKM Partners

Kasope Harrison - Piper Sandler & Co.

Graham Price - Raymond James & Associates

Sameer Joshi - H.C. Wainwright & Co.

Jeffrey Osborne - TD Cowen

Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to the FTC Solar Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. At this time, I would like to turn the conference over to Mr. Bill Michalek, Vice President, Investor Relations. Sir, please begin.

Bill Michalek

Thank you, and welcome, everyone, to FTC Solar's Second Quarter 2023 Earnings Conference Call. Before today's call, you may have reviewed our earnings release, supplemental financial information and slide presentation, which are posted earlier today. If you've not reviewed these documents, they are available on the Investor Relations section of our website at ftcsolar.com. I'm joined today by Sean Hunkler, FTC Solar's President and Chief Executive Officer; Phelps Morris, the company's Chief Financial Officer; and Patrick Cook, the company's Chief Commercial Officer.

Before we begin, I remind everyone that today's discussion contains forward-looking statements based on our assumptions and beliefs in the current environment and speaks only as of the current date. As such, these forward-looking statements include risks and uncertainties and actual results and events could differ materially from our current expectations.

Please refer to our press release and other SEC filings for more information on the specific risk factors. We assume no obligation to update such information except required by law.

As you'd expect, we'll discuss both GAAP and non-GAAP financial measures today. Please note that earnings release issued this morning includes a full reconciliation of each non-GAAP financial measure to the nearest applicable GAAP measure.

In addition, we'll discuss our backlog and our definition of this metric is also included in our press release. With that, I'll turn the call over to Sean.

Sean Hunkler

Thank you, Bill, and good morning, everyone. Our earnings announcement today includes a mix of near-term disappointment with project delays impacting revenue as well as some very positive developments including a number of significant project wins here in the past few weeks, which will boost our performance as we head into 2024.