FTC Solar, Inc.

FTCI

FTCIFTC Solar, Inc. US flag

NASDAQ Global Market

4.99

USD

-0.01

- -

79.87MMarket Cap

Income Statement (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	53	187	271	123	127	47	100
+ Sales & Services Revenue	53	187	271	123	127	47	100
- Cost of Revenue	55	184	303	150	119	60	101
+ Cost of Goods & Services	55	184	303	150	119	60	101
Gross Profit	-2	4	-33	-27	8	-13	-1
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	10	21	94	72	59	40	35
+ Selling, General & Admin	6	15	83	62	52	34	30
+ Research & Development	4	5	12	10	7	6	4
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-12	-17	-127	-100	-51	-53	-35
- Non-Operating (Income) Loss	1	-1	-20	- -	- -	-4	44
+ Interest Expense, Net	- -	- -	1	1	- -	- -	8
+ Interest Expense	- -	- -	1	1	- -	1	8
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	1	-1	-21	-1	- -	-5	35
Pretax Income	-14	-16	-106	-99	-51	-48	-79
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-13	-16	-107	-100	-50	-49	-80
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-13	-16	-107	-100	-50	-49	-80
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-13	-16	-107	-100	-50	-49	-80
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-13	-16	-107	-100	-50	-49	-80
EBIT	-12	-17	-127	-100	-51	-53	-35
EBITDA	-12	-17	-127	-99	-49	-51	-34
EBITDA Margin (%)	-22.51	-9.01	-46.79	-80.18	-38.9	-108.03	-34.26
EBITA	-12	-17	-127	-100	-51	-53	-35
Gross Margin (%)	-3.67	1.94	-12.03	-22.12	6.54	-26.59	-0.88
Operating Margin (%)	-23.29	-9.03	-46.87	-80.91	-39.98	-111.56	-35.53
Profit Margin (%)	-25.4	-8.5	-39.4	-80.94	-39.6	-102.64	-79.83
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	1	1	2	1
Basic Weighted Avg Shares	7	7	9	10	12	13	14
Basic EPS, GAAP	-1.96	-2.31	-12.39	-9.82	-4.35	-3.83	-5.68
Basic EPS from Cont Ops	-1.96	-2.31	-12.39	-9.82	-4.35	-3.83	-5.68
Diluted Weighted Avg Shares	7	7	9	10	12	13	14
Diluted EPS, GAAP	-1.96	-2.31	-12.39	-9.82	-4.35	-3.83	-5.68
Diluted EPS from Cont Ops	-1.96	-2.31	-12.39	-9.82	-4.35	-3.83	-5.68

Balance Sheet (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	31	66	236	119	109	76	98
+ Cash, Cash Equivalents & STI	7	32	102	44	25	11	21
+ Cash & Cash Equivalents	7	32	102	44	25	11	21
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	14	24	108	49	65	40	56
+ Accounts Receivable, Net	14	24	39	35	46	22	23
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	69	14	19	17	33
+ Inventories	5	2	9	15	4	10	10
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	2	9	15	4	11	9
+ Inventory Adjustments	- -	- -	- -	- -	- -	-1	- -
+ Other Inventory	5	- -	- -	- -	- -	- -	- -
+ Other ST Assets	5	8	17	10	14	15	11
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3	6	7	16	15	14	14
+ Property, Plant & Equip, Net	- -	1	3	3	4	3	5
+ Property, Plant & Equip	- -	1	4	4	5	6	9
- Accumulated Depreciation	- -	- -	- -	1	2	3	4
+ LT Investments & Receivables	3	2	- -	- -	- -	1	- -
+ LT Investments	3	2	- -	- -	- -	1	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1	3	4	13	11	9	9
+ Total Intangible Assets	- -	- -	- -	9	8	7	7
+ Goodwill	- -	- -	- -	8	7	7	7
+ Other Intangible Assets	- -	- -	- -	1	1	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	3	4	4	3	2	2
Total Assets	34	71	243	134	123	90	112
+ Payables & Accruals	12	28	86	36	39	30	35
+ Accounts Payable	8	17	39	16	8	13	13
+ Accrued Taxes	- -	- -	- -	1	- -	- -	1
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	11	47	19	31	16	21
+ ST Debt	- -	1	- -	- -	1	1	13
+ ST Borrowings	- -	1	- -	- -	- -	- -	13
+ ST Finance Leases	- -	- -	- -	- -	1	1	- -
+ Other ST Liabilities	21	31	6	24	15	18	20
+ Deferred Revenue	20	23	1	11	4	5	7
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	2	8	5	13	11	13	13
Total Current Liabilities	34	60	93	60	55	49	68
+ LT Debt	8	1	1	1	1	10	10
+ LT Borrowings	8	1	- -	- -	- -	9	10
+ LT Finance Leases	- -	- -	1	1	1	- -	1
+ Other LT Liabilities	1	3	6	7	5	12	76
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1	3	6	7	5	12	76
Total Noncurrent Liabilities	9	4	7	8	6	22	87
Total Liabilities	42	64	100	68	61	71	155
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	18	50	292	315	362	367	385
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	18	50	292	315	362	367	385
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-27	-43	-149	-249	-299	-348	-427
+ Other Equity	- -	- -	- -	- -	- -	-1	- -
Equity Before Minority Interest	-8	7	143	66	62	19	-43
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	-8	7	143	66	62	19	-43
Total Liabilities & Equity	34	71	243	134	123	90	112
Shares Outstanding	8	8	9	11	13	13	16
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	2	1	2	1	1
Net Debt	1	-31	-102	-44	-25	-2	1
Net Debt to Equity	-7.25	-410.35	-71.53	-66.79	-40.39	-9.36	-3.48
Tangible Common Equity Ratio	-25.09	10.44	58.79	45.96	47.39	14.37	-48.29
Current Ratio	0.91	1.1	2.53	1.97	1.98	1.55	1.43
Cash Conversion Cycle	- -	17.37	15.2	74.33	105.82	249.01	70.56

Cash Flow Statement (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-13	-16	-107	-100	-50	-49	-80
+ Depreciation & Amortization	- -	- -	- -	1	1	2	1
+ Non-Cash Items	4	7	49	35	21	12	52
+ Stock-Based Compensation	1	2	62	20	8	5	5
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	1	- -	- -	- -
+ Other Non-Cash Adj	3	5	-13	14	13	6	47
+ Chg in Non-Cash Work Cap	9	9	-75	9	-25	1	-7
+ (Inc) Dec in Accts Receiv	-14	-10	-84	57	-24	23	-10
+ (Inc) Dec in Inventories	-5	3	-7	-8	10	-6	1
+ (Inc) Dec in Prepaid Assets	-3	-3	-10	7	-4	-1	3
+ Inc (Dec) in Accts Payable	11	17	56	-56	3	-14	-2
+ Inc (Dec) in Other	20	2	-30	8	-10	-1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	1	-133	-55	-53	-35	-33
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	-1	-1	-1	-2	-1
+ Acq of Fixed Prod Assets	- -	- -	-1	-1	-1	-2	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	6	30	187	- -	34	- -	5
+ Increase in Capital Stock	6	30	241	- -	34	- -	5
+ Decrease in Capital Stock	- -	- -	-54	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	2	22	-3	- -	7	4
+ Cash from Divestitures	- -	2	22	2	1	9	4
+ Cash for Acq of Subs	- -	- -	- -	-5	-1	-2	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	2	21	-4	- -	6	3
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	1	-6	-1	- -	- -	15	36
+ Cash From Debt	1	1	- -	- -	- -	15	36
+ Repayments of Debt	- -	-7	-1	- -	- -	- -	- -
+ Other Financing Activities	- -	-1	-6	1	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	7	23	180	1	34	14	40
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	7	25	69	-58	-19	-14	10
EBITDA	-12	-17	-127	-99	-49	-51	-34
EBITDA Margin (%)	-22.51	-9.01	-46.79	-80.18	-38.9	-108.03	-34.26
Free Cash Flow	- -	- -	-134	-55	-53	-36	-35
Net Cash Paid for Acquisitions	- -	-2	-22	3	- -	-7	-4
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-6	-135	-55	-53	-22	1
Free Cash Flow per Basic Share	-0.04	0.05	-15.56	-5.47	-4.63	-2.87	-2.47
Price/Free Cash Flow	- -	- -	-4.93	-5.08	-1.54	-2.11	-4.73
Cash Flow to Net Income	0.02	-0.04	1.25	0.55	1.05	0.71	0.42
Capital Expenditures	- -	- -	-1	-1	-1	-2	-1