FTC Solar Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	127	123.07	270.53	187.35	53.12
Revenue Growth (YoY)	3.20%	-54.51%	44.39%	252.67%	-
Cost of Revenue	118.7	150.29	303.07	183.71	55.08
Gross Profit	8.31	-27.23	-32.55	3.64	-1.95
Selling, General & Admin	51.92	62.4	82.72	15.34	6.46
Research & Development	7.17	9.95	11.54	5.22	3.96
Operating Expenses	59.08	72.34	94.26	20.57	10.42
Operating Income	-50.78	-99.57	-126.8	-16.93	-12.37
Interest Expense / Income	0.25	0.98	0.81	0.36	0.45
Other Expense / Income	-0.4	-1.37	-21.2	-1.28	0.71
Pretax Income	-50.63	-99.18	-106.42	-16.01	-13.53
Income Tax	-0.34	0.44	0.17	-0.08	-0.04
Net Income	-50.29	-99.61	-106.59	-15.92	-13.5
Shares Outstanding (Basic)	116	101	86	69	62
Shares Outstanding (Diluted)	116	101	86	69	62
Shares Change	13.94%	17.86%	25.04%	10.91%	-
EPS (Basic)	-0.44	-0.98	-1.24	-0.23	-0.22
EPS (Diluted)	-0.44	-0.98	-1.24	-0.23	-0.22
Free Cash Flow	-53.47	-55.41	-133.88	0.37	-0.27
Free Cash Flow Per Share	-0.46	-0.55	-1.56	0.01	-0.00
Gross Margin	6.54%	-22.12%	-12.03%	1.94%	-3.67%
Operating Margin	-39.98%	-80.91%	-46.87%	-9.03%	-23.29%
Profit Margin	-39.60%	-80.94%	-39.40%	-8.50%	-25.40%
Free Cash Flow Margin	-42.10%	-45.02%	-49.49%	0.20%	-0.51%
EBITDA	-49	-97.3	-105.37	-15.6	-12.67
EBITDA Margin	-38.58%	-79.06%	-38.95%	-8.32%	-23.85%
Depreciation & Amortization	1.38	0.9	0.23	0.05	0.41
EBIT	-50.38	-98.2	-105.61	-15.64	-13.08
EBIT Margin	-39.66%	-79.79%	-39.04%	-8.35%	-24.62%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).