FTC Solar, Inc. (FTCI)
NASDAQ: FTCI · Real-Time Price · USD
3.225
-0.205 (-5.98%)
Dec 3, 2024, 12:21 PM EST - Market open
FTC Solar Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 |
| Revenue | 57.35 | 127 | 123.07 | 270.53 | 187.35 | 53.12 |
| Revenue Growth (YoY) | -55.89% | 3.20% | -54.51% | 44.39% | 252.67% | - |
| Cost of Revenue | 65.17 | 118.44 | 150.15 | 303.07 | 183.71 | 55.08 |
| Gross Profit | -7.81 | 8.56 | -27.08 | -32.55 | 3.64 | -1.95 |
| Selling, General & Admin | 33.24 | 47.94 | 62.26 | 82.76 | 15.34 | 6.46 |
| Research & Development | 5.67 | 6.97 | 9.79 | 11.5 | 5.22 | 3.96 |
| Operating Expenses | 38.9 | 54.91 | 72.05 | 94.26 | 20.57 | 10.42 |
| Operating Income | -46.72 | -46.36 | -99.13 | -126.8 | -16.93 | -12.37 |
| Interest Expense | -0.65 | -1.25 | -1.38 | -0.81 | -0.36 | -0.45 |
| Interest & Investment Income | 0.49 | 1 | 0.4 | - | - | - |
| Other Non Operating Income (Expenses) | 0.12 | -0.26 | -0.37 | -0.07 | - | - |
| EBT Excluding Unusual Items | -46.76 | -46.87 | -100.48 | -127.69 | -17.29 | -12.83 |
| Merger & Restructuring Charges | -4.42 | -4.42 | -0.44 | - | - | - |
| Gain (Loss) on Sale of Investments | 4.51 | 1.32 | 1.75 | 20.83 | - | - |
| Other Unusual Items | - | - | - | 0.79 | -0.12 | - |
| Pretax Income | -46.67 | -49.97 | -99.18 | -106.07 | -17.41 | -12.83 |
| Income Tax Expense | -0.22 | -0.34 | 0.44 | 0.17 | -0.08 | -0.04 |
| Earnings From Continuing Operations | -46.46 | -49.63 | -99.61 | -106.24 | -17.32 | -12.79 |
| Minority Interest in Earnings | -1.09 | -0.66 | - | -0.35 | 1.4 | -0.71 |
| Net Income | -47.55 | -50.29 | -99.61 | -106.59 | -15.92 | -13.5 |
| Net Income to Common | -47.55 | -50.29 | -99.61 | -106.59 | -15.92 | -13.5 |
| Shares Outstanding (Basic) | 126 | 116 | 101 | 86 | 69 | 62 |
| Shares Outstanding (Diluted) | 126 | 116 | 101 | 86 | 69 | 62 |
| Shares Change (YoY) | 13.67% | 13.94% | 17.86% | 25.04% | 10.91% | - |
| EPS (Basic) | -0.38 | -0.44 | -0.98 | -1.24 | -0.23 | -0.22 |
| EPS (Diluted) | -0.38 | -0.44 | -0.98 | -1.24 | -0.23 | -0.22 |
| Free Cash Flow | -25.99 | -53.47 | -55.5 | -133.88 | 0.37 | -0.27 |
| Free Cash Flow Per Share | -0.21 | -0.46 | -0.55 | -1.56 | 0.01 | -0.00 |
| Gross Margin | -13.62% | 6.74% | -22.01% | -12.03% | 1.94% | -3.67% |
| Operating Margin | -81.45% | -36.50% | -80.55% | -46.87% | -9.03% | -23.29% |
| Profit Margin | -82.90% | -39.60% | -80.94% | -39.40% | -8.50% | -25.40% |
| Free Cash Flow Margin | -45.32% | -42.10% | -45.09% | -49.49% | 0.20% | -0.51% |
| EBITDA | -45.78 | -45.65 | -98.62 | -126.63 | -16.88 | -11.96 |
| EBITDA Margin | -79.82% | -35.94% | -80.13% | -46.81% | -9.01% | -22.51% |
| D&A For EBITDA | 0.94 | 0.71 | 0.52 | 0.17 | 0.05 | 0.41 |
| EBIT | -46.72 | -46.36 | -99.13 | -126.8 | -16.93 | -12.37 |
| EBIT Margin | -81.45% | -36.50% | -80.55% | -46.87% | -9.03% | -23.29% |
| Revenue as Reported | 57.35 | 127 | 123.07 | 270.53 | 187.35 | 53.12 |
Source: S&P Capital IQ. Standard template. Financial Sources.