FTCI Q4 2023 Earnings — FTC Solar, Inc. Revenue & Financial Results | Market Cap Arena

FTCIFTC Solar, Inc.

$75M

Q4 2023 Earnings

Income Statement

Revenue

$23M-11.5% YoY

Gross Profit

$692,0003.0% margin

Operating Income

-$12M-50.6% margin

Net Income

-$11M-48.2% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-24.1%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$7M

Stock-Based Comp.

-$749,000

Balance Sheet

Total Assets

$123M

Total Liabilities

$61M

Stockholders' Equity

$62M

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$23M	$26M	-11.5%
Gross Profit	$692,000	-$2M	+136.2%
Operating Income	-$12M	-$20M	+40.9%
Net Income	-$11M	-$21M	+45.5%

Revenue Segments

Product

$21M90%

Service

$2M10%