FTCI Q4 2021 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q4 2021 Earnings

Income Statement

Revenue

$102M+130.2% YoY

Gross Profit

-$9M-8.4% margin

Operating Income

-$24M-23.1% margin

Net Income

-$24M-23.5% margin

EPS (Diluted)

$-0.25

QoQ Revenue Growth

+92.0%

Cash Flow

Operating Cash Flow

-$40M

Free Cash Flow

-$41M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$243M

Total Liabilities

$100M

Stockholders' Equity

$143M

Cash & Equivalents

$102M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$102M	$44M	+130.2%
Gross Profit	-$9M	-$5M	-77.7%
Operating Income	-$24M	-$11M	-107.6%
Net Income	-$24M	-$10M	-145.5%

Revenue Segments

Product

$90M88%

Service

$12M12%