FTCI Q2 2024 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q2 2024 Earnings

Income Statement

Revenue

$11M-64.7% YoY

Gross Profit

-$2M-20.5% margin

Operating Income

-$12M-104.3% margin

Net Income

-$12M-107.1% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

-9.2%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$4M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$100M

Total Liabilities

$56M

Stockholders' Equity

$44M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11M	$32M	-64.7%
Gross Profit	-$2M	$2M	-206.5%
Operating Income	-$12M	-$10M	-15.0%
Net Income	-$12M	-$10M	-17.5%

Revenue Segments

Product

$9M77%

Service

$3M23%