FTCI Q3 2024 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q3 2024 Earnings

Income Statement

Revenue

$10M-66.8% YoY

Gross Profit

-$4M-42.5% margin

Operating Income

-$15M-147.8% margin

Net Income

-$15M-151.5% margin

EPS (Diluted)

$-1.20

QoQ Revenue Growth

-11.3%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$3M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$92M

Total Liabilities

$61M

Stockholders' Equity

$30M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10M	$31M	-66.8%
Gross Profit	-$4M	$3M	-227.4%
Operating Income	-$15M	-$16M	+8.0%
Net Income	-$15M	-$17M	+9.3%

Revenue Segments

Product

$7M73%

Service

$3M27%