FTCI Q1 2024 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q1 2024 Earnings

Income Statement

Revenue

$13M-69.2% YoY

Gross Profit

-$2M-16.7% margin

Operating Income

-$13M-99.3% margin

Net Income

-$9M-69.7% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

-45.7%

Cash Flow

Operating Cash Flow

-$12M

Free Cash Flow

-$12M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$115M

Total Liabilities

$60M

Stockholders' Equity

$55M

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13M	$41M	-69.2%
Gross Profit	-$2M	$2M	-203.6%
Operating Income	-$13M	-$12M	-0.8%
Net Income	-$9M	-$12M	+25.4%

Revenue Segments

Product

$11M87%

Service

$2M13%