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
Delaware
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 192 % -8.17%
Quick Ratio 13.6 % -31.5%
Debt-to-equity 101 % +13.4%
Return On Equity -83.3 % +9.9%
Return On Assets -41.4 % +15.3%
Operating Margin -67.4 % -12.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 127M shares +7.84%
Common Stock, Shares, Outstanding 127M shares +7.52%
Entity Public Float 229M USD +44.8%
Common Stock, Value, Issued 13K USD +8.33%
Weighted Average Number of Shares Outstanding, Basic 126M shares +12%
Weighted Average Number of Shares Outstanding, Diluted 126M shares +12%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 77.8M USD -33%
Research and Development Expense 6.35M USD -23.8%
Selling and Marketing Expense 15.7M USD +114%
General and Administrative Expense 30M USD -35.4%
Operating Income (Loss) -52.4M USD +24.4%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -49.4M USD +27.4%
Income Tax Expense (Benefit) -293K USD -205%
Net Income (Loss) Attributable to Parent -49.1M USD +28.1%
Earnings Per Share, Basic -0.41 USD/shares +35.9%
Earnings Per Share, Diluted -0.41 USD/shares +35.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 10.8M USD -68.1%
Accounts Receivable, after Allowance for Credit Loss, Current 41.5M USD -40.5%
Inventory, Net 17.1M USD +182%
Other Assets, Current 4.2M USD +257%
Assets, Current 84.3M USD -29.7%
Property, Plant and Equipment, Net 2.45M USD +62.2%
Operating Lease, Right-of-Use Asset 1.93M USD -13.1%
Intangible Assets, Net (Excluding Goodwill) 264K USD -66.7%
Goodwill 7.17M USD -0.06%
Other Assets, Noncurrent 2.7M USD -45.9%
Assets 100M USD -27%
Accounts Payable, Current 17.6M USD -35%
Accrued Liabilities, Current 22.8M USD +86.4%
Contract with Customer, Liability, Current 2.6M USD +3.3%
Liabilities, Current 51.3M USD +0.78%
Deferred Income Tax Liabilities, Net 0 USD
Operating Lease, Liability, Noncurrent 1.11M USD -26.1%
Other Liabilities, Noncurrent 3.68M USD -34.5%
Liabilities 56.1M USD -3.33%
Accumulated Other Comprehensive Income (Loss), Net of Tax -438K USD +7.6%
Retained Earnings (Accumulated Deficit) -320M USD -18.1%
Stockholders' Equity Attributable to Parent 44.2M USD -44.3%
Liabilities and Equity 100M USD -27%

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 127M shares +7.52%
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 10.8M USD -68.1%
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 1.96M USD -14.5%
Depreciation 1.03M USD +50%
Payments to Acquire Property, Plant, and Equipment 432K USD +1443%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -49.1M USD +28.8%
Lessee, Operating Lease, Liability, to be Paid 2.11M USD -13.4%
Property, Plant and Equipment, Gross 4.6M USD +68.9%
Operating Lease, Liability, Current 857K USD +7.26%
Lessee, Operating Lease, Liability, to be Paid, Year Two 884K USD +8.07%
Lessee, Operating Lease, Liability, to be Paid, Year One 465K USD +6.41%
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 146K USD +3.55%
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 365M USD +3.97%
Amortization of Intangible Assets 500K USD 0%
Deferred Tax Assets, Net of Valuation Allowance 588K USD -5.77%
Share-based Payment Arrangement, Expense 3.37M USD -83.5%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%