FTCI Q3 2021 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$72M

Q3 2021 Earnings

Income Statement

Revenue

$53M-11.2% YoY

Gross Profit

-$8M-15.2% margin

Operating Income

-$23M-43.0% margin

Net Income

-$23M-43.2% margin

EPS (Diluted)

$-0.24

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$9M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$235M

Total Liabilities

$72M

Stockholders' Equity

$163M

Cash & Equivalents

$141M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$53M	$60M	-11.2%
Gross Profit	-$8M	$3M	-380.5%
Operating Income	-$23M	-$3M	-801.8%
Net Income	-$23M	-$3M	-706.9%

Revenue Segments

Product

$46M86%

Service

$7M14%

Geographic Segments

UNITED STATES

$53M100%

Other

$5,0000%