FTC Solar, Inc. (NASDAQ:FTCI) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET

Company Participants

Bill Michalek - Vice President, Investor Relations

Shaker Sadasivam - Chairman of the Board

Patrick Cook - Chief Commercial Officer

Cathy Behnen - Chief Financial Officer

Conference Call Participants

Philip Shen - ROTH MKM

Donovan Schafer - Northland Capital Markets

Amit Dayal - H.C. Wainwright

Pavel Molchanov - Raymond James & Associates

Jon Windham - UBS

Alex Vrabel - Bank of America

Operator

Hello and welcome to FTC Solar Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to Bill Michalek, Vice President of Investor Relations. You may begin, sir.

Bill Michalek

Thank you, and welcome, everyone, to FTC Solar's Third Quarter 2023 Earnings Conference Call. Before the call, you may have reviewed our earnings release and supplemental financial information, which are 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 Shaker Sadasivam, Chairman of the Board; and Patrick Cook, the company's Chief Commercial Officer; and Cathy Behnen, the company's Chief Financial 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 may 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 expect, we'll discuss 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 backlog and our definition of this metric is also included in our press release.

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

Shaker Sadasivam

Thank you, Bill, and good morning, everyone. I felt it was important to speak with you directly on behalf of the Board Of Directors about the leadership transition we have announced today.

FTC Solar is a company with a great team of employees and innovative and compelling technology and services that customers enjoy. With the start of AD/CVD and supply chain disruptions, a growth trajectory was interrupted, and much of the last two years has been about repositioning the company to be in the right markets with the right technology and cost structure.