FTC Solar, Inc. (NASDAQ:FTCI) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET

Company Participants

Bill Michalek - VP, IR

Sean Hunkler - President & CEO

Phelps Morris - CFO

Patrick Cook - Chief Commercial Officer

Conference Call Participants

Kashy Harrison - Piper Sandler

Donovan Schafer - Northland Capital

Pavel Molchanov - Raymond James

Jeffrey Osborne - Cowen and Company

Maheep Mandloi - Credit Suisse

Philip Shen - ROTH Capital

Julien Dumoulin-Smith - Bank of America

Operator

Good day, and welcome to the FTC Solar Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please note this event is being recorded.

At this time, I would now like to turn the conference to Vice President of Investor Relations, Mr. Bill Michalek. Please go ahead.

Bill Michalek

Thank you, and welcome, everyone, to FTC Solar's second quarter 2022 earnings conference call. Prior to today's call, you'd likely had an opportunity to review our earnings release, supplemental financial information and slide presentation, which were posted earlier today. If you've not yet 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 speak 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 as required by law.

As you'd expect, we will be discussing both GAAP and non-GAAP financial measures today. Please note that the 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 executed contract and awarded orders and our definition for that metric is also included in our press release.

With that, I'll now turn the call over to Sean.

Sean Hunkler

Thanks, Bill, and good morning, everyone. I'm going to start again this quarter with an update on the market environment as there's been a fair amount of activity. As you may recall, at the time of our last update in May, the antidumping countervailing duties investigation or AD/CVD, with its risk of significant retroactive tariffs, was by far the biggest concern in the industry. That along with some lingering WRO related import concerns, had essentially halted U.S. imports of most solar modules and module makers had idled their factories.