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FTC Solar Inc (NASDAQ:FTCI)
4.5226 USD
-0.067 1.468%Sponsored Reports
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| Previous Close (in USD) | 4.59 |
|---|---|
| Change | -0.067 1.468% |
| 52 W H/L (in USD) | 3.870/0.282 |
| EBITDA (in USD) | -45.68M |
| PE Ratio | -- |
| Volume | 59461 |
| Diluted Eps TTM | -0.40 |
| Total Assets (in USD) | 123.07M |
|---|---|
| Total Liabilities (in USD) | 60.599M |
| Revenue TTM (in USD) | 98.695M |
| Cash (in USD) | 25.235M |
| Market Cap (in USD) | 61.742 M |
| Revenue Per Share TTM | 0.821 |
| Gross Profit TTM (in USD) | -27.083M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
FTC Solar Inc
FTC Solar, Inc. engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. Its customers include project developers and solar asset owners, as well as engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.
Employees: 213
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Sean Hunkler | Pres, CEO & Director | 1962 |
| 2. | Mr. Deepak Navnith | Exec. Officer | 1975 |
| 3. | Mr. R. Phelps Morris | Chief Financial Officer | 1974 |
| 4. | Ms. Cathy Behnen | Chief Accounting Officer | NA |
| 5. | Mr. Nagendra Cherukupalli | Chief Technology Officer | 1960 |
| 6. | Mr. Bill Michalek | VP of Investor Relations | NA |
| 7. | Jacob D. Wolf Esq. | Gen. Counsel & Sec. | NA |
| 8. | Mr. Kristian Nolde | VP of Marketing & Strategy | 1978 |
| 9. | Ms. Giselle Phan | Chief People Officer | NA |
| 10. | Mr. Patrick M. Cook | Chief Commercial Officer | 1984 |
Peers
Sector: Technology
Industry: Solar
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
FSLR
First Solar Inc |
+3.500 2.085% | 164.63 | 16.610 | 9.346 | 5.362 | 2.719 | 5.213 | 11.402 |
|
ENPH
Enphase Energy Inc |
+0.480 1.074% | 44.34 | 136.610 | 18.315 | 6.791 | 9.239 | 6.515 | 53.174 |
|
NXT
Nextracker Inc. Class A Common Stock |
+0.050 0.084% | 58.45 | 16.440 | 12.438 | 2.713 | 15.496 | 2.463 | 15.558 |
|
XISHY
Xinyi Solar Holdings Limited |
-0.070 1.082% | 6.4 | 11.550 | 14.925 | 0.219 | 1.236 | 0.236 | 1.124 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|
| Income Before Tax | -99.178M | -106.42M | -17.406M | -13.534M |
| Minority Interest | - | - | - | - |
| Net Income | -99.613M | -106.589M | -17.323M | -13.495M |
| Selling General Administrative | 53.736M | 75.896M | 11.798M | 4.563M |
| Gross Profit | -27.228M | -32.545M | 3.639M | -1.951M |
| Reconciled Depreciation | 0.9M | 0.232M | 0.047M | 0.412M |
| Ebit | -99.572M | -126.804M | -16.926M | -12.371M |
| Ebitda | -99.045M | -126.993M | -16.879M | -11.959M |
| Depreciation And Amortization | 0.527M | -0.189M | 0.047M | 0.412M |
| Operating Income | -99.572M | -126.804M | -16.926M | -12.371M |
| Other Operating Expenses | 222.638M | 397.329M | 204.278M | 65.495M |
| Interest Expense | 0.978M | 0.814M | 0.48M | 0.454M |
| Tax Provision | 0.435M | -0.169M | -0.083M | -0.039M |
| Interest Income | - | - | - | - |
| Net Interest Income | -0.978M | 0.814M | -0.48M | -0.454M |
| Income Tax Expense | 0.435M | 0.169M | -0.083M | -0.039M |
| Total Revenue | 123.066M | 270.525M | 187.352M | 53.124M |
| Total Operating Expenses | 72.344M | 94.259M | 20.565M | 10.42M |
| Cost Of Revenue | 150.294M | 303.07M | 183.713M | 55.075M |
| Total Other Income Expense Net | 0.394M | 20.384M | -0.48M | -1.163M |
| Net Income From Continuing Ops | -99.613M | -106.589M | -15.924M | -13.495M |
| Net Income Applicable To Common Shares | -99.613M | -106.589M | -15.924M | -13.495M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 123.07M | 134.398M | 243.02M | 71.393M | 33.83M |
| Intangible Assets | 0.542M | 1.113M | - | - | 0.033M |
| Other Current Assets | 7.902M | 10.304M | 1.058M | 0.684M | 1.882M |
| Total Liab | 60.599M | 67.948M | 100.154M | 63.942M | 42.275M |
| Total Stockholder Equity | 62.471M | 66.45M | 142.866M | 7.451M | -8.445M |
| Other Current Liab | 42.334M | 32.806M | 52.111M | 18.702M | 0.033M |
| Common Stock | 0.013M | 0.011M | 0.009M | 0.001M | 0.001M |
| Capital Stock | 0.013M | 0.011M | 0.009M | 0.001M | 0.001M |
| Retained Earnings | -299.135M | -248.845M | -149.232M | -42.643M | -26.719M |
| Good Will | 7.353M | 7.538M | - | - | - |
| Other Assets | 0M | 4.201M | 3.926M | 3.248M | 0.536M |
| Cash | 25.235M | 44.385M | 102.185M | 32.359M | 7.221M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 54.665M | 60.34M | 93.248M | 59.809M | 33.724M |
| Current Deferred Revenue | 3.612M | 11.316M | 1.421M | 22.98M | 19.873M |
| Net Debt | -23.371M | -43.182M | -100.393M | -30.575M | 0.612M |
| Short Term Debt | 0.74M | 0.417M | 0.452M | 1M | 5.627M |
| Short Long Term Debt | - | - | - | 1M | - |
| Short Long Term Debt Total | 1.864M | 1.203M | 1.792M | 1.784M | 7.833M |
| Other Stockholder Equity | 361.886M | 315.345M | 292.082M | 50.096M | 18.273M |
| Property Plant Equipment | - | 2.856M | 3.315M | 0.571M | 0.043M |
| Total Current Assets | 108.508M | 118.69M | 235.779M | 65.717M | 30.636M |
| Long Term Investments | 0.24M | - | 0M | 1.857M | 2.582M |
| Short Term Investments | - | - | - | - | - |
| Net Receivables | 65.279M | 49.052M | 107.548M | 23.734M | 14.048M |
| Long Term Debt | - | - | - | 0.784M | 7.833M |
| Inventory | 10.092M | 14.949M | 8.86M | 1.686M | 4.505M |
| Accounts Payable | 7.979M | 15.801M | 39.264M | 17.127M | 8.191M |
| Accumulated Other Comprehensive Income | -0.293M | -0.061M | 0.007M | -0.003M | - |
| Non Currrent Assets Other | 2.243M | 4.201M | 3.926M | 3.819M | 0.579M |
| Non Current Assets Total | 14.562M | 15.708M | 7.241M | 5.676M | 3.194M |
| Capital Lease Obligations | 1.864M | 1.203M | 1.34M | - | - |
| Long Term Debt Total | - | - | - | - | - |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|
| Investments | -4.247M | 22.332M | 2.124M | 2.124M |
| Total Cashflows From Investing Activities | -4.247M | 21.307M | 1.868M | -0.018M |
| Total Cash From Financing Activities | 0.903M | 180.369M | 23.784M | 7M |
| Net Income | -99.613M | -106.589M | -15.924M | -13.495M |
| Change In Cash | -57.8M | 68.812M | 25.138M | 6.728M |
| Begin Period Cash Flow | 102.185M | 33.373M | 8.235M | 1.507M |
| End Period Cash Flow | 44.385M | 102.185M | 33.373M | 8.235M |
| Total Cash From Operating Activities | -54.51M | -132.854M | -0.511M | -0.254M |
| Depreciation | 0.9M | 0.232M | 0.047M | 0.412M |
| Other Cashflows From Investing Activities | - | - | - | - |
| Dividends Paid | - | 0.317M | - | - |
| Change To Inventory | -7.902M | -7.264M | 2.819M | -4.505M |
| Sale Purchase Of Stock | 0M | -54.155M | - | 0M |
| Other Cashflows From Financing Activities | 0.903M | -5.314M | 0.784M | 1M |
| Capital Expenditures | 0.985M | 1.025M | 0.256M | 0.018M |
| Change In Working Capital | 9.291M | -75.182M | 7.915M | 8.912M |
| Other Non Cash Items | 14.744M | -0.402M | 5.636M | 3.014M |
| Free Cash Flow | -55.495M | -133.879M | -0.767M | -0.272M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Total Stock Mkt Idx Inv | 1 year ago | 1613454 |
| 2. | iShares Russell 2000 ETF | 1 year ago | 1388509 |
| 3. | Vanguard Institutional Extnd Mkt Idx Tr | 1 year ago | 818583 |
| 4. | Fidelity Small Cap Index | 1 year ago | 662893 |
| 5. | iShares Russell 2000 Growth ETF | 1 year ago | 545101 |
| 6. | State St Russell Sm/Mid Cp® Indx NL Cl C | 1 year ago | 407414 |
| 7. | Fidelity Extended Market Index | 1 year ago | 385590 |
| 8. | CREF Stock R1 | 1 year ago | 349340 |
| 9. | Schwab US Small-Cap ETF™ | 1 year ago | 304572 |
| 10. | Vanguard Russell 2000 ETF | 1 year ago | 264193 |
| 11. | AQR Small Cap Multi-Style I | 1 year ago | 236818 |
| 12. | State St Russell Sm Cap® Indx SL Cl I | 1 year ago | 235501 |
| 13. | BlackRock Extended Equity Market K | 1 year ago | 194904 |
| 14. | NT R2000 Growth Index Fund - NL | 1 year ago | 191357 |
| 15. | MUAM Cleantech Stock Index MF | 1 year ago | 191131 |
| 16. | NT R2000 Index Fund - NL | 1 year ago | 183675 |
| 17. | Goldman Sachs Small Cap Eq Insghts Instl | 1 year ago | 168247 |
| 18. | Goldman Sachs Small Cp Val Insghts Instl | 1 year ago | 165917 |
| 19. | iShares Micro-Cap ETF | 1 year ago | 159492 |
| 20. | NT R2000 Index Fund - DC - NL - 2 | 1 year ago | 145863 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Morgan Stanley - Brokerage Accounts | 1 year ago | 6240423 |
| 2. | BlackRock Inc | 1 year ago | 4021444 |
| 3. | Vanguard Group Inc | 1 year ago | 2893832 |
| 4. | GSA Capital Partners LLP | 1 year ago | 1923411 |
| 5. | Deutsche Bank AG | 1 year ago | 1575065 |
| 6. | Goldman Sachs Group Inc | 1 year ago | 1454978 |
| 7. | Geode Capital Management, LLC | 1 year ago | 1442728 |
| 8. | State Street Corporation | 1 year ago | 1233560 |
| 9. | Rock Point Advisors, LLC | 1 year ago | 1185980 |
| 10. | Amvescap Plc. | 1 year ago | 985987 |
| 11. | AQR Capital Management LLC | 1 year ago | 884059 |
| 12. | First Trust Advisors L.P. | 1 year ago | 624776 |
| 13. | JPMorgan Chase & Co | 1 year ago | 580672 |
| 14. | Northern Trust Corp | 1 year ago | 548906 |
| 15. | Hound Partners, LLC | 1 year ago | 547892 |
| 16. | Millennium Management LLC | 1 year ago | 473565 |
| 17. | Shay Capital LLC | 1 year ago | 467792 |
| 18. | Charles Schwab Investment Management Inc | 1 year ago | 448655 |
| 19. | Schmeidler A R & CO Inc | 1 year ago | 322300 |
| 20. | Springbok Capital Management, LLC | 1 year ago | 264198 |
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