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FTCI Q2 2023 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena
FTCI
FTC Solar, Inc.
$75M
Q2 2023 Earnings
Energy
Solar
Income Statement
Revenue
$32M
+5.3% YoY
Gross Profit
$2M
6.8% 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
$21M
65%
Service
$11M
35%
← FY 2023
All Quarters
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