FSLR Q1 2023 Earnings — First Solar, Inc. Revenue & Financial Results | Market Cap Arena

FSLRFirst Solar, Inc.

$21B

Q1 2023 Earnings

Income Statement

Revenue

$548M+49.4% YoY

Gross Profit

$112M20.4% margin

Operating Income

$18M3.3% margin

Net Income

$43M7.8% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-45.3%

Cash Flow

Operating Cash Flow

-$35M

Free Cash Flow

-$406M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$8.6B

Total Liabilities

$2.7B

Stockholders' Equity

$5.9B

Cash & Equivalents

$907M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$548M	$367M	+49.4%
Gross Profit	$112M	$11M	+877.5%
Operating Income	$18M	-$58M	+131.1%
Net Income	$43M	-$43M	+198.4%

Revenue Segments

Solar Module

$537M98%

Other

$12M2%