FTCI Q2 2022 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q2 2022 Earnings

Income Statement

Revenue

$31M-38.7% YoY

Gross Profit

-$7M-21.2% margin

Operating Income

-$25M-82.2% margin

Net Income

-$26M-83.6% margin

EPS (Diluted)

$-0.26

QoQ Revenue Growth

-38.0%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

$17M

Stock-Based Comp.

$998,000

Balance Sheet

Total Assets

$185M

Total Liabilities

$85M

Stockholders' Equity

$100M

Cash & Equivalents

$66M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$31M	$50M	-38.7%
Gross Profit	-$7M	-$16M	+59.4%
Operating Income	-$25M	-$76M	+66.8%
Net Income	-$26M	-$56M	+54.0%

Revenue Segments

Service

$22M70%

Product

$9M30%