FTCI FY 2023 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

FY 2023 Earnings

Income Statement

Revenue

$127M+3.2% YoY

Gross Profit

$8M6.5% margin

Operating Income

-$51M-40.0% margin

Net Income

-$50M-39.6% margin

EPS (Diluted)

$-0.44

Cash Flow

Operating Cash Flow

-$53M

Free Cash Flow

-$53M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$123M

Total Liabilities

$61M

Stockholders' Equity

$62M

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$127M	$123M	+3.2%
Gross Profit	$8M	-$27M	+130.5%
Operating Income	-$51M	-$100M	+49.0%
Net Income	-$50M	-$100M	+49.5%