FTCI Q1 2021 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$72M

Q1 2021 Earnings

Income Statement

Revenue

$66M+102.9% YoY

Gross Profit

$119,0000.2% margin

Operating Income

-$8M-12.2% margin

Net Income

-$7M-11.3% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+48.7%

Cash Flow

Operating Cash Flow

-$26M

Free Cash Flow

-$26M

Stock-Based Comp.

$449,000

Balance Sheet

Total Assets

$72M

Total Liabilities

$72M

Stockholders' Equity

$496,000

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$66M	$32M	+102.9%
Gross Profit	$119,000	$7M	-98.3%
Operating Income	-$8M	$3M	-376.9%
Net Income	-$7M	$3M	-317.6%

Revenue Segments

Product

$56M86%

Service

$9M14%

Geographic Segments

UNITED STATES

$66M100%

Other

$63,0000%