Company: FTCI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047224
Chunk: 342

Company: FTC Solar, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 342
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 which $2.0 million remains in our balance of vendor deposits as of December 31, 2024, as shown in Note 7 "Prepaids and other current assets" above.OtherAs described in Note 14, "Debt", above, a member of our Board of Directors, Pablo Barahona, invested $500,000 in the entity that purchased $15.0 million principal amount of our Senior Notes.

89

Note 19. Net loss per share

        Year ended December 31,

        2024

        2023

        Net loss (in thousands)
         
        $
        (48,606
        )
         
        $
        (50,290
        )

        Weighted average shares outstanding for calculating basic and diluted loss per share(*)

        12,675,923

        11,554,615

        Basic and diluted loss per share(*)
         
        $
        (3.83
        )
         
        $
        (4.35
        )
       
      ___________

         * -
         Weighted average shares outstanding and basic diluted loss per share have been revised to reflect the Reverse Stock Split, effective November 29, 2024.
        
       For purposes of computing diluted loss per share, weighted average common shares outstanding do not include potentially dilutive securities, including warrants deemed to be participating securities, which are anti-dilutive, as shown below.

        For the year ended December 31,

        2024

        2023

        Anti-dilutive securities excluded from calculating dilutive loss per share(*):

        Shares of common stock issuable under stock option plans outstanding

        219,653

        241,553

        Shares of common stock issuable upon vesting of RSUs

        1,566,440

        1,189,114

        Shares of common stock issuable upon exercise of outstanding warrants

        1,750,000

        —

        Potential common shares excluded from diluted net loss per share calculation

        3,536,093

        1,430,667

      ___________

         * -
         The number of anti-dilutive securities excluded from calculating dilutive loss per share have been revised to reflect the Reverse Stock Split, effective November 29, 2024.
        
        As described further in Note 14, "Debt" above, the Warrants are deemed to be participating securities as the holders of the Warrants