YOLFTbeta
FTC Solar Inc

FTC Solar Inc

FTCI · NASDAQ · Technology / Solar

1.05USD-0.16 (-12.86%)

Price History

Full chart

Market Stats

Previous Close1.21
Open1.24
Day Range1.04 – 1.24
52-Week Range1.99 – 12.75
Volume1.14M
Market Cap44.28M
P/E (TTM)0.00
Forward P/E18.83
EPS-6.02
Dividend Yield0.00%
Beta1.84
50-Day Avg2.66
200-Day Avg5.81

About

FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company provides a two modules-in-portrait solar tracker system under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. It also offers trackers and software solutions for the utility-scale solar energy markets, as well as for the project developers, solar asset owners, and engineering, procurement, and construction contractors that design and build solar energy projects. It also produces steel. The company was incorporated in 2017 and is headquartered in Austin, Texas.

Company Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Anthony Carroll
  • Employees232
  • Headquarters10900 Stonelake Boulevard, Austin, TX, United States, 78759, USA
  • Websitehttps://ftcsolar.com

Leadership

  • Mr. Anthony CarrollPresident, CEO & Director · b. 1984
  • Ms. Cathy Behnen CPACFO, Chief Accounting Officer & Secretary · b. 1964
  • Mr. Sasan AminpourChief Operating Officer · b. 1964
  • Mr. Patrick M. CookSenior Vice President of Capital Markets & Business Development · b. 1984
  • Mr. Bill MichalekVice President of Investor Relations & Corporate Communications
  • Mr. James S. KentChief Commercial Officer · b. 1938

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue53.12M187.35M270.52M123.07M127.00M47.35M99.69M
Growth (%)-+252.67%+44.39%-54.51%+3.20%-62.71%+110.51%
Cost of Revenue55.08M183.71M303.07M150.29M118.69M59.95M98.56M
Gross Profit-1.95M3.64M-32.55M-27.23M8.31M-12.59M1.13M
Gross Margin-3.67%1.94%-12.03%-22.12%6.54%-26.59%1.13%
Operating Expense10.42M20.57M94.26M72.34M59.08M40.24M34.54M
Operating Income-12.37M-16.93M-126.80M-99.57M-50.78M-52.83M-33.41M
Operating Margin-23.29%-9.03%-46.87%-80.91%-39.98%-111.56%-33.52%
EBITDA-11.96M-15.60M-105.37M-97.30M-49.00M-46.39M-67.55M
EBITDA Margin-22.51%-8.32%-38.95%-79.06%-38.58%-97.95%-67.76%
Net Income-13.49M-15.92M-106.59M-99.61M-50.29M-48.61M-76.92M
Net Income Margin-25.40%-8.50%-39.40%-80.94%-39.60%-102.64%-77.16%
R&D3.96M5.22M11.54M9.95M7.17M5.92M4.39M
R&D as % of Total Revenue7.45%2.79%4.27%8.08%5.64%12.49%4.40%
Interest Expense454.00K364.00K814.00K978.00K253.00K319.00K7.56M
Interest Expense % of Total Revenue0.85%0.19%0.30%0.79%0.20%0.67%7.58%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets33.83M71.39M243.02M134.40M123.07M89.93M111.81M
Total Liabilities42.27M63.94M100.15M67.95M60.60M70.89M152.11M
Total Equity-8.45M7.45M142.87M66.45M62.47M19.04M-40.30M
Cash7.22M33.37M102.19M44.38M25.23M11.25M21.11M
Total Debt7.83M2.38M1.79M1.20M1.86M10.63M33.88M
Net Debt612.00K-30.99M-100.39M-43.18M-23.37M-615.00K12.78M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-254.00K629.00K-132.85M-54.51M-52.66M-34.70M-33.44M
Investing Cash Flow-18.00K1.87M21.31M-4.25M-397.00K6.26M2.80M
Financing Cash Flow7.00M22.64M180.37M903.00K33.95M14.50M40.40M
Capital Expenditure18.00K256.00K1.02M985.00K816.00K1.65M1.13M
Free Cash Flow-272.00K373.00K-133.88M-55.49M-53.47M-36.34M-34.57M
Dividends Paid--317.00K----
FCF to OCF107.09%59.30%100.77%101.81%101.55%104.74%103.38%
Dividend Paid to FCF---0.24%----

Earnings

Report DateMar 3, 2021Jun 8, 2021Aug 11, 2021Nov 10, 2021Mar 15, 2022May 10, 2022Aug 9, 2022Nov 9, 2022Feb 28, 2023May 10, 2023Aug 9, 2023Nov 8, 2023Mar 13, 2024May 10, 2024Aug 8, 2024Nov 12, 2024Mar 11, 2025May 1, 2025Aug 5, 2025Nov 12, 2025Mar 5, 2026May 5, 2026Aug 5, 2026Nov 11, 2026
EPS Estimate-0.06-0.08-0.93-1.88-0.13-1.26-1.60-1.74-0.11-0.91-0.46-0.67-0.07-0.86-0.87-0.86-0.84-0.76-0.72-0.53-0.22-0.42-0.58-0.52
EPS Actual-0.06-0.10-2.10-1.70-0.17-2.00-1.80-1.70-0.11-0.70-0.60-0.80-0.08-0.90-0.90-1.00-0.80-0.84-0.86-0.36-0.17-0.67-0.90-
Surprise0.00%-25.00%-125.81%9.57%-30.77%-58.73%-12.50%2.30%0.00%23.08%-30.43%-19.40%-14.29%-4.65%-3.45%-16.28%4.56%-10.53%-19.44%32.08%21.66%-59.52%-55.17%-
Timing-After-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-market-

Key Statistics & Ratios

Market Cap44.28M
Enterprise Value56.16M
Trailing P/E0.00
Forward P/E18.83
Price / Sales0.43
Price / Book12.19
EPS-6.02
Book Value-1.84
Revenue (TTM)102.31M
Gross Profit (TTM)3.06M
EBITDA-36.68M
Profit Margin-53.61%
Operating Margin-47.44%
Return on Equity-955.80%
Return on Assets-26.18%
Shares Outstanding16.52M
Shares Float11.42M
Beta1.84
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 4 analystsTarget 8.90
  • Strong Buy
    1
  • Buy
    1
  • Hold
    2

Ownership Breakdown

Institutions
8.73%
Insiders
29.56%
Retail / Other
61.71%

Top Institutional Holders

  • Vanguard Capital Management, LLC
    445.08K2.69%
  • Geode Capital Management, LLC
    123.10K0.75%
  • Marshall Wace Asset Management Ltd
    103.61K0.63%
  • BlackRock Inc
    102.05K0.62%
  • Squarepoint Ops LLC
    94.03K0.57%
  • Renaissance Technologies Corp
    93.40K0.57%
  • Vanguard Fiduciary Trust Co
    59.40K0.36%
  • HPM Partners LLC
    49.03K0.30%
  • GSA Capital Partners LLP
    46.37K0.28%
  • State Street Corp
    45.47K0.28%
  • Acadian Asset Management LLC
    40.73K0.25%
  • Bridgeway Capital Management, LLC
    39.03K0.24%
  • Centiva Capital LP
    37.17K0.23%
  • The Goldman Sachs Group Inc
    33.36K0.20%
  • Mitsubishi UFJ Asset Management Co.,Ltd
    26.38K0.16%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    325.42K1.97%
  • Abante Quant Value FI
    61.49K0.37%
  • Fidelity Extended Market Index
    53.17K0.32%
  • iShares Micro-Cap ETF
    36.95K0.22%
  • Bridgeway Ultra-Small Company
    29.03K0.18%

Stock Splits

  • Dec 2, 20241:10