FTCI Q3 2023 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q3 2023 Earnings

Income Statement

Revenue

$31M+84.3% YoY

Gross Profit

$3M11.1% margin

Operating Income

-$16M-53.3% margin

Net Income

-$17M-55.4% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

-5.6%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$16M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$136M

Total Liabilities

$62M

Stockholders' Equity

$74M

Cash & Equivalents

$32M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$31M	$17M	+84.3%
Gross Profit	$3M	-$10M	+135.5%
Operating Income	-$16M	-$27M	+39.0%
Net Income	-$17M	-$26M	+33.9%

Revenue Segments

Product

$27M89%

Service

$3M11%