FTC Solar, Inc. financial data

Symbol
FTCI on Nasdaq
Industry
Semiconductors & Related Devices
Location
9020 N Capital Of Texas Hwy, Suite I 260, Austin, TX
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 170 % -18.9%
Quick Ratio 18.3 % +23%
Debt-to-equity 124 % +37.7%
Return On Equity -98.9 % -19.5%
Return On Assets -44.2 % -1.45%
Operating Margin -89.2 % -96.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 128M shares +2.21%
Common Stock, Shares, Outstanding 128M shares +2.22%
Entity Public Float 229M USD +44.8%
Common Stock, Value, Issued 13K USD +8.33%
Weighted Average Number of Shares Outstanding, Basic 127M shares +6.33%
Weighted Average Number of Shares Outstanding, Diluted 127M shares +6.33%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 57.4M USD -55.9%
Research and Development Expense 5.89M USD -27.5%
Selling and Marketing Expense 11.8M USD +0.87%
General and Administrative Expense 25.4M USD -43.3%
Operating Income (Loss) -51.1M USD +13.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -47.8M USD +19.1%
Income Tax Expense (Benefit) -215K USD -136%
Net Income (Loss) Attributable to Parent -47.5M USD +20.2%
Earnings Per Share, Basic -0.39 USD/shares +26.4%
Earnings Per Share, Diluted -0.39 USD/shares +26.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 8.26M USD -73.8%
Accounts Receivable, after Allowance for Credit Loss, Current 37.3M USD -47.7%
Inventory, Net 15.1M USD +225%
Other Assets, Current 4.13M USD -11.8%
Assets, Current 76.2M USD -37%
Property, Plant and Equipment, Net 2.41M USD +43%
Operating Lease, Right-of-Use Asset 1.72M USD -14.3%
Intangible Assets, Net (Excluding Goodwill) 137K USD -79.1%
Goodwill 7.42M USD +3.89%
Other Assets, Noncurrent 2.51M USD -21.3%
Assets 91.7M USD -32.7%
Accounts Payable, Current 18.7M USD +91.6%
Accrued Liabilities, Current 24M USD -7.03%
Contract with Customer, Liability, Current 4.44M USD -60.2%
Liabilities, Current 57.3M USD +3.16%
Deferred Income Tax Liabilities, Net 0 USD
Operating Lease, Liability, Noncurrent 883K USD -32.6%
Other Liabilities, Noncurrent 3.06M USD -42.2%
Liabilities 61.3M USD -1.45%
Accumulated Other Comprehensive Income (Loss), Net of Tax -231K USD +54.9%
Retained Earnings (Accumulated Deficit) -336M USD -16.5%
Stockholders' Equity Attributable to Parent 30.4M USD -58.9%
Liabilities and Equity 91.7M USD -32.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -11.9M USD -42.6%
Net Cash Provided by (Used in) Financing Activities 0 USD -100%
Net Cash Provided by (Used in) Investing Activities 2.62M USD
Common Stock, Shares Authorized 850M shares 0%
Common Stock, Shares, Issued 128M shares +2.22%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -9.3M USD -222%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8.26M USD -73.8%
Deferred Tax Assets, Valuation Allowance 75.9M USD +15.5%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross 76.4M USD +15.3%
Operating Lease, Liability 1.76M USD -14.5%
Depreciation 1.13M USD +50%
Payments to Acquire Property, Plant, and Equipment 432K USD +1443%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -47.3M USD +20.9%
Lessee, Operating Lease, Liability, to be Paid 1.88M USD -15.4%
Property, Plant and Equipment, Gross 4.85M USD +58.6%
Operating Lease, Liability, Current 872K USD +17.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 884K USD +8.07%
Lessee, Operating Lease, Liability, to be Paid, Year One 233K USD +6.39%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) 225K USD +4.17%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 123K USD -26.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 313K USD -58.5%
Deferred Tax Assets, Operating Loss Carryforwards 64.1M USD +22.8%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 10M shares 0%
Unrecognized Tax Benefits 1.04M USD -26.9%
Lessee, Operating Lease, Liability, to be Paid, Year Four 291K USD +32.9%
Additional Paid in Capital 366M USD +0.99%
Amortization of Intangible Assets 500K USD 0%
Deferred Tax Assets, Net of Valuation Allowance 588K USD -5.77%
Share-based Payment Arrangement, Expense 3.49M USD -75.2%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%