FTC Solar, Inc.

Hello, and welcome to FTC Solar third quarter 2023 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during this session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. I would now like to hand the conference over to Bill Michelek. Vice President of Investor Relations. You may begin, sir.

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 were posted earlier today. If you've not yet reviewed these documents, they're available on the Investor Relations section of our website at fdcsolar.com. I'm joined today by Shekhar Sadassavam, Chairman of the Board, and Patrick Cook, Company's Chief Commercial Officer, and Kathy Bainan, 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 maturely 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 it over to Shekhar.

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 ADCVD and supply chain disruptions, our 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. We have made progress on that front and improved our positioning. The tractor market is healthy and profitable, and FTC Solar now needs to accelerate our progress and achieve and enjoy healthy, profitable growth. At the board level, as we evaluated our opportunities and growth plans ahead, the board agreed that now is the right time to bring new leadership to FTC Solar as we enter our next phase of growth and execution. As you saw from the press release this morning, Cathy Beynon, who has served as the company's chief accounting officer since 2020, has been named our chief financial officer on an interim basis. Cathy has more than 20 years of financial leadership experience, including CFO, and accounting partner roles, and has made significant contributions to the company as chief accounting officer and a member of the executive team. We are excited to have Cathy take on this expanded responsibility. The combination of Cathy and her fellow executive leadership members, Patrick Cook, our chief commercial officer, and Sasan Amanpour, our chief operating officer, will provide steady leadership of the day-to-day management of the company. To further ensure a smooth transition for the company and its employees and customers during this transition, the board will provide increased oversight of those leaders and be engaged on a regular basis. In particular, Ahmad Shatila will regularly assist in facilitating communication between management and the board to monitor key activities and initiatives in order to accelerate profitable growth. We are confident that this team and structure has the capability, along with the right blend of organizational history and new perspectives to ensure that not only do we not miss a beat, but that we accelerate toward our long-term goals. While today's news represents a change, it also represents a tremendous opportunity for us to accelerate our momentum. With that update, I thank you for your time, and I'll turn it over to Patrick to discuss the highlights from Q3 and the progress it has made.