FTCI Q1 2022 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q1 2022 Earnings

Income Statement

Revenue

$50M-24.6% YoY

Gross Profit

-$9M-18.7% margin

Operating Income

-$28M-56.1% margin

Net Income

-$28M-56.1% margin

EPS (Diluted)

$-0.28

QoQ Revenue Growth

-51.3%

Cash Flow

Operating Cash Flow

-$53M

Free Cash Flow

-$54M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$211M

Total Liabilities

$91M

Stockholders' Equity

$120M

Cash & Equivalents

$49M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$50M	$66M	-24.6%
Gross Profit	-$9M	$119,000	-7904.2%
Operating Income	-$28M	-$8M	-246.4%
Net Income	-$28M	-$7M	-273.5%

Revenue Segments

Product

$31M62%

Service

$19M38%