FTCI Q4 2022 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q4 2022 Earnings

Income Statement

Revenue

$26M-74.2% YoY

Gross Profit

-$2M-7.3% margin

Operating Income

-$20M-75.7% margin

Net Income

-$21M-78.2% margin

EPS (Diluted)

$-0.20

QoQ Revenue Growth

+58.2%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$6M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$134M

Total Liabilities

$68M

Stockholders' Equity

$66M

Cash & Equivalents

$44M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$26M	$102M	-74.2%
Gross Profit	-$2M	-$9M	+77.7%
Operating Income	-$20M	-$24M	+15.6%
Net Income	-$21M	-$24M	+14.2%

Revenue Segments

Product

$20M77%

Service

$6M23%