FTC Solar Balance Sheet

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
Cash & Equivalents	8.26	25.24	44.39	102.19	32.36	7.22
Cash & Short-Term Investments	8.26	25.24	44.39	102.19	32.36	7.22
Cash Growth	-73.81%	-43.15%	-56.56%	215.79%	348.12%	-
Accounts Receivable	37.35	64.41	49.03	107.4	23.69	14.05
Other Receivables	-	0.87	0.03	0.15	0.05	-
Receivables	37.35	68.28	49.05	107.55	23.73	14.05
Inventory	15.12	3.91	14.95	8.86	1.69	4.51
Prepaid Expenses	15.5	1.7	3.71	2.57	1.04	0.21
Restricted Cash	-	-	-	-	1.01	1.01
Other Current Assets	-	9.39	6.6	14.62	5.88	3.64
Total Current Assets	76.23	108.51	118.69	235.78	65.72	30.64
Property, Plant & Equipment	4.13	3.64	2.86	3.32	0.88	0.04
Long-Term Investments	1.27	0.24	-	-	1.86	2.58
Goodwill	7.42	7.35	7.54	-	-	-
Other Intangible Assets	0.14	0.54	1.11	-	-	0.03
Other Long-Term Assets	2.51	2.79	4.2	3.93	2.94	0.54
Total Assets	91.69	123.07	134.4	243.02	71.39	33.83
Accounts Payable	18.74	7.98	15.8	39.26	17.13	8.19
Accrued Expenses	23.97	6.74	11.16	4.85	6.59	2.15
Short-Term Debt	-	-	-	-	1	-
Current Portion of Leases	-	0.74	0.42	0.45	0.23	0.01
Current Income Taxes Payable	0.33	0.09	0.44	0.05	0.08	-
Current Unearned Revenue	4.44	3.61	11.32	1.42	22.98	19.87
Other Current Liabilities	9.86	35.5	21.2	47.22	11.81	3.5
Total Current Liabilities	57.35	54.67	60.34	93.25	59.81	33.72
Long-Term Debt	-	-	-	-	0.78	7.83
Long-Term Leases	0.88	1.12	0.79	1.34	0.36	0.03
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0
Other Long-Term Liabilities	3.06	4.81	6.82	5.57	2.99	0.69
Total Liabilities	61.29	60.6	67.95	100.15	63.94	42.28
Common Stock	0.01	0.01	0.01	0.01	0	0
Additional Paid-In Capital	366.13	361.89	315.35	292.08	50.1	18.27
Retained Earnings	-335.51	-299.14	-248.85	-149.23	-42.64	-26.72
Comprehensive Income & Other	-0.23	-0.29	-0.06	0.01	-0	-
Shareholders' Equity	30.41	62.47	66.45	142.87	7.45	-8.45
Total Liabilities & Equity	91.69	123.07	134.4	243.02	71.39	33.83
Total Debt	0.88	1.86	1.2	1.79	2.37	7.87
Net Cash (Debt)	7.37	23.37	43.18	100.39	29.99	-0.65
Net Cash Growth	-74.98%	-45.88%	-56.99%	234.75%	-	-
Net Cash Per Share	0.06	0.20	0.43	1.17	0.44	-0.01
Filing Date Shares Outstanding	127.72	125.61	106.2	99.14	56.28	63.66
Total Common Shares Outstanding	127.72	125.45	105.03	92.62	56.28	63.66
Working Capital	18.88	53.84	58.35	142.53	5.91	-3.09
Book Value Per Share	0.24	0.50	0.63	1.54	0.13	-0.13
Tangible Book Value	22.85	54.58	57.8	142.87	7.45	-8.48
Tangible Book Value Per Share	0.18	0.44	0.55	1.54	0.13	-0.13
Machinery	-	2.54	2.26	1.56	0.07	-
Leasehold Improvements	-	0.16	0.02	0.02	0.01	-

Source: S&P Capital IQ. Standard template. Financial Sources.