Financial Snapshot

Revenue
$47.36M
TTM
Gross Margin
-27.2%
TTM
Net Earnings
-$48.61M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
155.13%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$19.04M
Q4 2024
Cash
Q4 2024
P/E
-0.6963
Apr 15, 2025 EST
Free Cash Flow
-$36.34M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019
Revenue $47.36M $127.0M $123.1M $270.5M $187.4M $53.12M
YoY Change -62.71% 3.2% -54.51% 44.39% 252.67%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019
Revenue $47.36M $127.0M $123.1M $270.5M $187.4M $53.12M
Cost Of Revenue $59.95M $118.7M $150.3M $303.1M $183.7M $55.08M
Gross Profit -$12.59M $8.307M -$27.23M -$32.55M $3.639M -$1.951M
Gross Profit Margin -26.59% 6.54% -22.12% -12.03% 1.94% -3.67%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019
Selling, General & Admin $34.32M $51.92M $62.40M $82.72M $15.34M $6.460M
YoY Change -33.89% -16.79% -24.57% 439.13% 137.51%
% of Gross Profit 624.99% 421.63%
Research & Development $5.915M $7.166M $9.949M $11.54M $5.222M $3.960M
YoY Change -17.46% -27.97% -13.79% 120.99% 31.87%
% of Gross Profit 86.26% 143.5%
Depreciation & Amortization $1.136M $833.0K $631.0K $232.0K $14.00K $12.00K
YoY Change 36.37% 32.01% 171.98% 1557.14% 16.67%
% of Gross Profit 10.03% 0.38%
Operating Expenses $40.24M $59.08M $72.34M $94.26M $20.57M $10.42M
YoY Change -31.9% -18.33% -23.25% 358.35% 97.36%
Operating Profit -$52.83M -$50.78M -$99.57M -$126.8M -$16.93M -$12.37M
YoY Change 4.04% -49.0% -21.48% 649.17% 36.82%
Operating Profit To Gross Profit -611.26% -465.13%
Operating Profit To Revenue -111.56% -39.98% -80.91% -46.87% -9.03% -23.29%

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019
Interest Expense -$665.0K $1.066M $767.0K $20.02M -$400.0K -$500.0K
YoY Change -162.38% 38.98% -96.17% -5103.75% -20.0%
% of Operating Profit
Other Income/Expense, Net $15.99M -$257.0K -$373.0K -$67.00K $0.00
YoY Change -6322.18% -31.1% 456.72%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

No data

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019
Pretax Income -$48.38M -$50.63M -$99.18M -$106.4M -$16.01M -$13.53M
YoY Change -4.45% -48.95% -6.81% 564.83% 18.27%
Income Tax $230.0K -$338.0K $435.0K $169.0K -$83.00K -$39.00K
% Of Pretax Income
Net Earnings -$48.61M -$50.29M -$99.61M -$106.6M -$15.92M -$13.50M
YoY Change -3.35% -49.51% -6.54% 569.36% 18.0%
Net Earnings / Revenue -102.64% -39.6% -80.94% -39.4% -8.5% -25.4%
Basic Earnings Per Share -$3.83 -$0.44 -$0.98 -$1.24 -$0.23 -$0.22
Diluted Earnings Per Share -$3.83 -$0.44 -$0.98 -$1.24 -$0.23 -$0.22

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

No data

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019
Cash & Short-Term Investments $11.25M $25.24M $44.39M $102.2M $32.36M $7.220M
YoY Change -55.43% -43.15% -56.56% 215.78% 348.2%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $15.03M $14.09M $10.30M $17.19M $7.940M $4.860M
YoY Change 6.66% 36.73% -40.04% 116.45% 63.37%
Inventory $10.14M $3.905M $14.95M $8.860M $1.690M $4.510M
Prepaid Expenses
Receivables $39.71M $65.28M $49.05M $107.5M $23.73M $14.05M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $76.13M $108.5M $118.7M $235.8M $65.72M $30.64M
YoY Change -29.84% -8.58% -49.66% 258.76% 114.49%
Property, Plant & Equipment $3.366M $3.642M $2.856M $3.315M $570.0K $40.00K
YoY Change -7.58% 27.52% -13.85% 481.58% 1325.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $954.0K $240.0K $0.00 $1.860M $2.580M
YoY Change 297.5% -100.0% -27.91%
Other Assets $2.341M $2.785M $4.201M $3.926M $3.250M $540.0K
YoY Change -15.94% -33.71% 7.0% 20.8% 501.85%
Total Long-Term Assets $13.80M $14.56M $15.71M $7.241M $5.670M $3.190M
YoY Change -5.23% -7.3% 116.93% 27.71% 77.74%
Total Assets $89.93M $123.1M $134.4M $243.0M $71.39M $33.83M
YoY Change
Accounts Payable $13.00M $7.979M $15.80M $39.26M $17.13M $8.190M
YoY Change 62.87% -49.5% -59.76% 129.21% 109.16%
Accrued Expenses $20.89M $35.59M $24.31M $48.31M $18.00M $5.640M
YoY Change -41.3% 46.37% -49.68% 168.4% 219.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.000M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $49.07M $54.67M $60.34M $93.25M $59.81M $33.72M
YoY Change -10.23% -9.41% -35.29% 55.91% 77.37%
Long-Term Debt $9.466M $0.00 $0.00 $0.00 $780.0K $7.830M
YoY Change -100.0% -90.04%
Other Long-Term Liabilities $12.35M $5.934M $7.608M $6.906M $3.350M $720.0K
YoY Change 108.17% -22.0% 10.17% 106.15% 365.28%
Total Long-Term Liabilities $21.82M $5.934M $7.608M $6.906M $4.130M $8.550M
YoY Change 267.69% -22.0% 10.17% 67.22% -51.7%
Total Liabilities $70.89M $60.60M $67.95M $100.2M $63.94M $42.28M
YoY Change 16.99% -10.82% -32.16% 56.64% 51.23%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019
Basic Shares Outstanding 12.68M 115.5M 101.4M 86.04M 68.81M 62.04M
Diluted Shares Outstanding 12.68M 115.5M 101.4M 86.04M 68.81M 62.04M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $33.842 Million

About FTC Solar Inc

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services. The company is headquartered in Austin, Texas and currently employs 213 full-time employees. The company went IPO on 2021-04-28. The Company’s original two-panel in-portrait solar tracker system is marketed under the Voyager brand name (Voyager) and one module-in-portrait (1P) solar tracker system, which is marketed under the Pioneer brand name (Pioneer). The company also has a mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The Company’s primary software offerings include SUNPATH which is intended to help customers optimize solar tracking for increased energy production, and its SUNOPS is a real-time operations management platform. The company assists its U.S. and worldwide clients in site layout, structural design, pile testing and other needs across the solar project development and construction cycle. The company has operations in Australia, China, India, South Africa and Spain.

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