Name: FTC Solar, Inc. (FTCI) Financial Statements
Creator: FinSpry

FTC Solar Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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FTC Solar, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	47.36	127.00	123.07	270.53	187.35
Cost of Revenue	59.95	118.70	150.29	303.07	183.71
Gross Profit	-12.59	8.31	-27.23	-32.55	3.64
Operating Expenses
Research & Development	5.92	7.17	9.95	11.50	5.22
Selling, General & Administrative	34.32	51.92	62.40	82.76	15.34
Operating Expenses	40.24	59.08	72.34	94.26	20.57
Operating Income	-52.83	-50.78	-99.57	-126.80	-16.93
Other Income/Expense
Interest Income	0.00	1.00	0.40	0.00	0.00
Interest Expense	0.32	0.25	-1.38	-0.81	-0.36
Other Income/Expense	4.45	0.40	1.37	-0.07	0.00
Income
Income Before Tax	-48.38	-50.63	-99.18	-106.07	-17.41
Income Tax Expense	0.23	-0.34	0.44	0.17	-0.08
Net Income	-48.61	-50.29	-99.61	-106.59	-15.92
Net Income - Continuous Operations	-48.61	-50.29	-99.61	-106.59	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-46.39	-49.00	-97.30	-126.63	-16.88
EBIT	-52.19	-50.38	-98.20	-126.80	-16.93
Depreciation & Amortization	1.67	1.38	0.63	0.17	0.05
Earnings Per Share
Basic EPS	-4.00	-4.00	-1.00	-12.00	-2.00
Diluted EPS	-4.00	-4.00	-1.00	-12.00	-2.00
Basic Shares Outstanding	12.68	11.55	101.41	8.60	6.88
Diluted Shares Outstanding	12.68	11.55	101.41	8.60	6.88