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	Jun '24 Jun 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	10.78	25.24	44.39	102.19	32.36	7.22
Cash & Short-Term Investments	10.78	25.24	44.39	102.19	32.36	7.22
Cash Growth	-68.13%	-43.15%	-56.56%	215.79%	348.12%	-
Accounts Receivable	38.94	64.41	49.03	107.4	23.69	14.05
Other Receivables	2.57	0.87	0.03	0.15	0.05	-
Receivables	43.51	68.28	49.05	107.55	23.73	14.05
Inventory	17.06	3.91	14.95	8.86	1.69	4.51
Prepaid Expenses	1.56	1.7	3.71	2.57	1.04	0.21
Restricted Cash	-	-	-	-	1.01	1.01
Other Current Assets	11.41	9.39	6.6	14.62	5.88	3.64
Total Current Assets	84.32	108.51	118.69	235.78	65.72	30.64
Property, Plant & Equipment	4.37	3.64	2.86	3.32	0.88	0.04
Long-Term Investments	1.53	0.24	-	-	1.86	2.58
Goodwill	7.17	7.35	7.54	-	-	-
Other Intangible Assets	0.26	0.54	1.11	-	-	0.03
Other Long-Term Assets	2.7	2.79	4.2	3.93	2.94	0.54
Total Assets	100.35	123.07	134.4	243.02	71.39	33.83
Accounts Payable	17.58	7.98	15.8	39.26	17.13	8.19
Accrued Expenses	6	6.74	11.16	4.85	6.59	2.15
Short-Term Debt	-	-	-	-	1	-
Current Portion of Leases	0.86	0.74	0.42	0.45	0.23	0.01
Current Income Taxes Payable	0.11	0.09	0.44	0.05	0.08	-
Current Unearned Revenue	2.6	3.61	11.32	1.42	22.98	19.87
Other Current Liabilities	24.18	35.5	21.2	47.22	11.81	3.5
Total Current Liabilities	51.32	54.67	60.34	93.25	59.81	33.72
Long-Term Debt	-	-	-	-	0.78	7.83
Long-Term Leases	1.11	1.12	0.79	1.34	0.36	0.03
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0
Other Long-Term Liabilities	3.68	4.81	6.82	5.57	2.99	0.69
Total Liabilities	56.11	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	364.81	361.89	315.35	292.08	50.1	18.27
Retained Earnings	-320.15	-299.14	-248.85	-149.23	-42.64	-26.72
Comprehensive Income & Other	-0.44	-0.29	-0.06	0.01	-0	-
Shareholders' Equity	44.24	62.47	66.45	142.87	7.45	-8.45
Total Liabilities & Equity	100.35	123.07	134.4	243.02	71.39	33.83
Total Debt	1.96	1.86	1.2	1.79	2.37	7.87
Net Cash (Debt)	8.82	23.37	43.18	100.39	29.99	-0.65
Net Cash Growth	-72.03%	-45.88%	-56.99%	234.75%	-	-
Net Cash Per Share	0.07	0.20	0.43	1.17	0.44	-0.01
Filing Date Shares Outstanding	127.37	125.61	106.2	99.14	56.28	63.66
Total Common Shares Outstanding	127	125.45	105.03	92.62	56.28	63.66
Working Capital	33	53.84	58.35	142.53	5.91	-3.09
Book Value Per Share	0.35	0.50	0.63	1.54	0.13	-0.13
Tangible Book Value	36.81	54.58	57.8	142.87	7.45	-8.48
Tangible Book Value Per Share	0.29	0.44	0.55	1.54	0.13	-0.13
Machinery	3.41	2.54	2.26	1.56	0.07	-
Leasehold Improvements	0.34	0.16	0.02	0.02	0.01	-

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