FTC Financial Statements From 2010 to 2024

FTCI Stock  USD 0.41  0.01  2.50%   
FTC Solar financial statements provide useful quarterly and yearly information to potential FTC Solar investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on FTC Solar financial statements helps investors assess FTC Solar's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting FTC Solar's valuation are summarized below:
Gross Profit
-27.1 M
Profit Margin
(0.83)
Market Capitalization
51.1 M
Enterprise Value Revenue
0.7777
Revenue
57.4 M
We have found one hundred twenty available fundamental measures for FTC Solar, which can be analyzed and compared to other ratios and to its peers in the sector. Traders should compare all of FTC Solar latest fundamentals against the fundamentals between 2010 and 2024 to make sure the company is sustainable this year. The current Market Cap is estimated to decrease to about 76 M. Enterprise Value is estimated to decrease to about 53.8 M

FTC Solar Total Revenue

167.44 Million

Check FTC Solar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among FTC Solar's main balance sheet or income statement drivers, such as Tax Provision of 624.8 K, Depreciation And Amortization of 1.4 M or Interest Expense of 240.3 K, as well as many indicators such as Price To Sales Ratio of 0.6, Dividend Yield of 0.0 or PTB Ratio of 1.22. FTC financial statements analysis is a perfect complement when working with FTC Solar Valuation or Volatility modules.
  
Check out the analysis of FTC Solar Correlation against competitors.
For more detail on how to invest in FTC Stock please use our How to Invest in FTC Solar guide.

FTC Solar Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets133.3 M123.1 M69.6 M
Slightly volatile
Short and Long Term Debt Total2.3 M1.9 M5.8 M
Slightly volatile
Other Current Liabilities31.9 M42.2 M11.8 M
Slightly volatile
Total Current Liabilities66.4 M54.7 M44.8 M
Slightly volatile
Other Liabilities4.4 M7.8 M2.3 M
Slightly volatile
Property Plant And Equipment Net2.3 M3.6 M873.9 K
Slightly volatile
Current Deferred Revenue3.4 M3.6 M16.1 M
Slightly volatile
Accounts Payable14.1 MM11.7 M
Slightly volatile
Cash46.5 M25.2 M21.5 M
Slightly volatile
Non Current Assets Total10.2 M14.6 M5.7 M
Slightly volatile
Non Currrent Assets Other3.2 M2.8 M1.5 M
Slightly volatile
Other Assets0.951.01.1 M
Slightly volatile
Long Term Debt670.3 K705.6 K5.5 M
Slightly volatile
Cash And Short Term Investments46.5 M25.2 M21.5 M
Slightly volatile
Net Receivables57.1 M65.3 M29.5 M
Slightly volatile
Common Stock Total Equity10.9 K10.3 K3.3 K
Slightly volatile
Common Stock Shares Outstanding103.4 M115.5 M87.5 M
Slightly volatile
Liabilities And Stockholders Equity133.3 M123.1 M69.6 M
Slightly volatile
Non Current Liabilities Total5.3 M5.9 M7.7 M
Slightly volatile
Inventory7.5 M3.9 M5.5 M
Slightly volatile
Other Current Assets11.3 M14.1 M5.3 M
Slightly volatile
Other Stockholder Equity228.3 M361.9 M95.4 M
Slightly volatile
Total Liabilities73.7 M60.6 M52.6 M
Slightly volatile
Total Current Assets123.1 M108.5 M63.9 M
Slightly volatile
Capital Stock7.7 K13 K3.4 K
Slightly volatile
Non Current Liabilities Other4.7 M4.8 M2.2 M
Slightly volatile
Short Term Debt1.3 M740 KM
Slightly volatile
Intangible Assets618.9 K542 K322 K
Slightly volatile
Common Stock7.7 K13 K3.4 K
Slightly volatile
Property Plant Equipment1.9 M3.3 M821.5 K
Slightly volatile
Capital Lease Obligations1.3 M1.9 M641.4 K
Slightly volatile
Deferred Long Term Liabilities1.1 M810 K1.5 M
Slightly volatile
Property Plant And Equipment Gross3.5 M5.3 M1.7 M
Slightly volatile
Short and Long Term Debt800 K900 K980 K
Slightly volatile
Capital Surpluse233.7 M262.9 M286.2 M
Slightly volatile

FTC Solar Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization1.4 M1.4 M541.2 K
Slightly volatile
Interest Expense240.3 K253 K487 K
Pretty Stable
Selling General Administrative40.3 M37.1 M17.6 M
Slightly volatile
Selling And Marketing Expenses7.9 M14.8 MM
Slightly volatile
Total Revenue167.4 M127 M93.8 M
Slightly volatile
Other Operating Expenses234.9 M177.8 M126.1 M
Slightly volatile
Research Development8.3 M7.2 M5.5 M
Slightly volatile
Cost Of Revenue178.4 M118.7 M99 M
Slightly volatile
Total Operating Expenses56.5 M59.1 M27.1 M
Slightly volatile
Reconciled Depreciation1.4 M1.3 M533.9 K
Slightly volatile
Non Operating Income Net Other17 M19.1 M20.8 M
Slightly volatile

FTC Solar Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation7.9 M8.3 M7.3 M
Slightly volatile
Begin Period Cash Flow41.7 M44.4 M16.3 M
Slightly volatile
Depreciation1.4 M1.4 M541.2 K
Slightly volatile
Capital Expenditures682 K816 K262.9 K
Slightly volatile
Total Cash From Financing Activities54.1 M34 M24.2 M
Slightly volatile
End Period Cash Flow47 M25.2 M22.3 M
Slightly volatile
Change To Netincome25.3 M39.9 M12.8 M
Slightly volatile
Dividends Paid253.6 K285.3 K310.7 K
Slightly volatile
Cash And Cash Equivalents Changes55.1 M61.9 M67.4 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.60.630315.5245
Slightly volatile
Days Sales Outstanding99.35188106
Slightly volatile
Stock Based Compensation To Revenue0.07770.06530.0478
Slightly volatile
Capex To Depreciation0.560.59350.8366
Slightly volatile
EV To Sales0.420.446315.4489
Slightly volatile
Inventory Turnover43.0930.395623.2642
Slightly volatile
Days Of Inventory On Hand20.2812.008325.4116
Slightly volatile
Payables Turnover7.9314.87597.8668
Slightly volatile
Sales General And Administrative To Revenue0.180.29220.1408
Slightly volatile
Research And Ddevelopement To Revenue0.04520.05640.0666
Slightly volatile
Capex To Revenue0.00670.00640.002
Slightly volatile
Cash Per Share0.370.21840.2315
Slightly volatile
Days Payables Outstanding43.6724.536348.716
Slightly volatile
Income Quality1.11.0470.2774
Slightly volatile
Intangibles To Total Assets0.03460.06420.0201
Slightly volatile
Current Ratio1.361.9851.2016
Slightly volatile
Receivables Turnover1.851.94553.6353
Pretty Stable
Graham Number2.262.3011.4644
Slightly volatile
Capex Per Share0.00510.00710.0026
Slightly volatile
Revenue Per Share1.831.09911.0637
Slightly volatile
Interest Debt Per Share0.01130.01190.0735
Slightly volatile
Debt To Assets0.00870.00910.1582
Slightly volatile
Operating Cycle114200131
Pretty Stable
Days Of Payables Outstanding43.6724.536348.716
Slightly volatile
Ebt Per Ebit1.090.99711.0594
Slightly volatile
Quick Ratio1.261.91351.0764
Slightly volatile
Net Income Per E B T0.80.99330.9844
Slightly volatile
Cash Ratio0.490.46160.3644
Slightly volatile
Cash Conversion Cycle18417589.8201
Slightly volatile
Days Of Inventory Outstanding20.2812.008325.4116
Slightly volatile
Days Of Sales Outstanding99.35188106
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.231.01551.0987
Pretty Stable
Fixed Asset Turnover33.1334.8715858
Slightly volatile
Debt Ratio0.00870.00910.1582
Slightly volatile
Price Sales Ratio0.60.630315.5245
Slightly volatile
Asset Turnover1.61.03191.5326
Pretty Stable

FTC Solar Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap76 M80.1 M933.9 M
Slightly volatile
Enterprise Value53.8 M56.7 M919.6 M
Slightly volatile

FTC Fundamental Market Drivers

Forward Price Earnings19.4553
Cash And Short Term Investments25.2 M

FTC Upcoming Events

27th of February 2024
Upcoming Quarterly Report
View
8th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
27th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About FTC Solar Financial Statements

Investors use fundamental indicators, such as FTC Solar's revenue or net income, to determine how well the company is positioned to perform in the future. Although FTC Solar's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Current Deferred Revenue3.6 M3.4 M
Total Revenue127 M167.4 M
Cost Of Revenue118.7 M178.4 M
Stock Based Compensation To Revenue 0.07  0.08 
Sales General And Administrative To Revenue 0.29  0.18 
Research And Ddevelopement To Revenue 0.06  0.05 
Capex To Revenue 0.01  0.01 
Revenue Per Share 1.10  1.83 
Ebit Per Revenue(0.40)(0.42)

Currently Active Assets on Macroaxis

When determining whether FTC Solar offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FTC Solar's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ftc Solar Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ftc Solar Stock:
Check out the analysis of FTC Solar Correlation against competitors.
For more detail on how to invest in FTC Stock please use our How to Invest in FTC Solar guide.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FTC Solar. If investors know FTC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FTC Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.38)
Revenue Per Share
0.457
Quarterly Revenue Growth
(0.67)
Return On Assets
(0.26)
Return On Equity
(0.89)
The market value of FTC Solar is measured differently than its book value, which is the value of FTC that is recorded on the company's balance sheet. Investors also form their own opinion of FTC Solar's value that differs from its market value or its book value, called intrinsic value, which is FTC Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FTC Solar's market value can be influenced by many factors that don't directly affect FTC Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FTC Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if FTC Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FTC Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.