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

FTCIFTC Solar, Inc.

$75M

Q1 2023 Earnings

Income Statement

Revenue

$41M-17.5% YoY

Gross Profit

$2M5.0% margin

Operating Income

-$12M-30.3% margin

Net Income

-$12M-28.8% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+56.0%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$8M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$139M

Total Liabilities

$71M

Stockholders' Equity

$68M

Cash & Equivalents

$41M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$41M	$50M	-17.5%
Gross Profit	$2M	-$9M	+121.9%
Operating Income	-$12M	-$28M	+55.4%
Net Income	-$12M	-$28M	+57.7%

Revenue Segments

Product

$33M80%

Service

$8M20%