FTCI Q2 2023 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q2 2023 Earnings

Income Statement

Revenue

$32M+5.3% YoY

Gross Profit

$2M6.8% margin

Operating Income

-$10M-32.0% margin

Net Income

-$10M-32.2% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-20.9%

Cash Flow

Operating Cash Flow

-$22M

Free Cash Flow

-$23M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$137M

Total Liabilities

$58M

Stockholders' Equity

$79M

Cash & Equivalents

$34M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$32M	$31M	+5.3%
Gross Profit	$2M	-$7M	+133.8%
Operating Income	-$10M	-$25M	+58.9%
Net Income	-$10M	-$26M	+59.5%

Revenue Segments

Product

$21M65%

Service

$11M35%