FTCI
Income statement / Annual
Last year (2023), FTC Solar, Inc.'s total revenue was $127.00 M,
an increase of 3.20% from the previous year.
In 2023, FTC Solar, Inc.'s net income was -$50.29 M.
See FTC Solar, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$127.00 M
|
$123.07 M
|
$270.53 M
|
$187.35 M
|
$53.12 M
|
| Cost of Revenue |
$118.70 M |
$150.29 M |
$303.07 M |
$183.71 M |
$55.08 M |
| Gross Profit |
$8.31 M |
-$27.23 M |
-$32.55 M |
$3.64 M |
-$1.95 M |
| Gross Profit Ratio |
0.07 |
-0.22 |
-0.12 |
0.02 |
-0.04 |
| Research and Development
Expenses |
$7.17 M
|
$9.95 M
|
$11.54 M
|
$5.22 M
|
$3.96 M
|
| General & Administrative
Expenses |
$37.11 M
|
$53.74 M
|
$75.90 M
|
$11.80 M
|
$4.56 M
|
| Selling & Marketing
Expenses |
$14.81 M
|
$8.66 M
|
$6.82 M
|
$3.55 M
|
$1.90 M
|
| Selling, General &
Administrative Expenses |
$51.92 M
|
$62.40 M
|
$82.72 M
|
$15.34 M
|
$6.46 M
|
| Other Expenses |
$0.00 |
-$373,000.00 |
-$67,000.00 |
$0.00 |
$0.00 |
| Operating Expenses |
$59.08 M |
$72.34 M |
$94.26 M |
$20.57 M |
$10.42 M |
| Cost And Expenses |
$177.78 M |
$222.64 M |
$397.33 M |
$204.28 M |
$65.50 M |
| Interest Income |
$0.00 |
$978,000.00 |
$814,000.00 |
$364,000.00 |
$454,000.00 |
| Interest Expense |
$253,000.00 |
$978,000.00 |
$814,000.00 |
$480,000.00 |
$454,000.00 |
| Depreciation &
Amortization |
$1.38 M
|
$900,000.00
|
$232,000.00
|
$47,000.00
|
$412,000.00
|
| EBITDA |
-$49.00 M
|
-$97.30 M
|
-$105.37 M
|
-$16.88 M
|
-$11.96 M
|
| EBITDA Ratio |
-0.39 |
-0.8 |
-0.47 |
-0.09 |
-0.23 |
| Operating Income Ratio
|
-0.4
|
-0.81
|
-0.47
|
-0.09
|
-0.23
|
| Total Other
Income/Expenses Net |
$149,000.00
|
$394,000.00
|
$20.38 M
|
-$480,000.00
|
-$1.16 M
|
| Income Before Tax |
-$50.63 M |
-$99.18 M |
-$106.42 M |
-$17.41 M |
-$13.53 M |
| Income Before Tax Ratio
|
-0.4
|
-0.81
|
-0.39
|
-0.09
|
-0.25
|
| Income Tax Expense |
-$338,000.00 |
$435,000.00 |
$169,000.00 |
-$83,000.00 |
-$39,000.00 |
| Net Income |
-$50.29 M |
-$99.61 M |
-$106.59 M |
-$17.32 M |
-$13.50 M |
| Net Income Ratio |
-0.4 |
-0.81 |
-0.39 |
-0.09 |
-0.25 |
| EPS |
-0.44 |
-0.98 |
-1.24 |
-0.2 |
-0.16 |
| EPS Diluted |
-0.44 |
-0.98 |
-1.24 |
-0.2 |
-0.16 |
| Weighted Average Shares
Out |
$115.55 M
|
$101.41 M
|
$86.04 M
|
$85.06 M
|
$82.16 M
|
| Weighted Average Shares
Out Diluted |
$115.55 M
|
$101.41 M
|
$86.04 M
|
$85.06 M
|
$82.16 M
|
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