FTC Solar
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. FTC Solar's past years’ income statements indicate that its last revenue has increased compared to the previous period by 3% to $127,002,000. The net income raised on -$50,290,000 and profit margin reached -40%. Total operating expenses were $59,084,000.
Profit Margin
| 2019 | 53.12M | -13.49M | -25.4% |
|---|---|---|---|
| 2020 | 187.35M | -17.32M | -9.25% |
| 2021 | 270.52M | -106.58M | -39.4% |
| 2022 | 123.06M | -99.61M | -80.94% |
| 2023 | 127.00M | -50.29M | -39.6% |
FTCI Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 127.00M | 123.06M | 270.52M | 187.35M | 53.12M |
Cost of revenue | 118.69M | 150.29M | 303.07M | 183.71M | 55.07M |
Gross profit | 8.30M | -27.22M | -32.54M | 3.63M | -1.95M |
Operating exp. | |||||
Research and development | 7.16M | 9.94M | 11.54M | 5.22M | 3.96M |
Selling and marketing | 14.81M | 8.65M | 6.82M | 3.54M | 1.89M |
Total operating expenses | 59.08M | 72.34M | 94.25M | 20.56M | 10.42M |
Operating income | -50.77M | -99.57M | -126.80M | -16.92M | -12.37M |
Other income (expenses), net | 149K | 394K | 20.38M | -480K | -1.16M |
Income before tax | -50.62M | -99.17M | -106.42M | -17.40M | -13.53M |
Income tax expense | -338K | 435K | 169K | -83K | -39K |
Net income | -50.29M | -99.61M | -106.58M | -17.32M | -13.49M |
Earnings per share | |||||
Basic EPS | -0.44 | -0.98 | -1.24 | -0.2 | -0.16 |
Diluted EPS | -0.44 | -0.98 | -1.24 | -0.2 | -0.16 |
| Data source | Data source | Data source |