FTCI Q3 2022 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$72M

Q3 2022 Earnings

Income Statement

Revenue

$17M-68.7% YoY

Gross Profit

-$10M-57.4% margin

Operating Income

-$27M-161.1% margin

Net Income

-$26M-154.7% margin

EPS (Diluted)

$-0.25

QoQ Revenue Growth

-46.1%

Cash Flow

Operating Cash Flow

-$13M

Free Cash Flow

-$13M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$148M

Total Liabilities

$67M

Stockholders' Equity

$82M

Cash & Equivalents

$50M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$17M	$53M	-68.7%
Gross Profit	-$10M	-$8M	-18.4%
Operating Income	-$27M	-$23M	-17.2%
Net Income	-$26M	-$23M	-11.9%

Revenue Segments

Service

$13M79%

Product

$4M21%