FTC Solar, Inc. (FTCI) financial statements (2022 and earlier)

Company profile

Business Address 9020 N CAPITAL OF TEXAS HWY, SUITE I-260
AUSTIN, TX 78759
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments102,185
Cash and cash equivalents102,185
Inventory, net of allowances, customer advances and progress billings8,860
Prepaid expense2,301
Other current assets1,058
Other undisclosed current assets9,955
Total current assets:235,779
Noncurrent Assets
Operating lease, right-of-use asset1,733
Property, plant and equipment1,582
Other noncurrent assets3,926
Total noncurrent assets:7,241
Current Liabilities
Accounts payable and accrued liabilities87,171
Accounts payable39,264
Accrued liabilities47,860
Taxes payable47
Deferred revenue1,421
Other liabilities4,656
Total current liabilities:93,248
Noncurrent Liabilities
Long-term debt and lease obligation1,340
Operating lease, liability1,340
Liabilities, other than long-term debt5,566
Other liabilities5,566
Total noncurrent liabilities:6,906
Total liabilities:100,154
Stockholders' equity
Stockholders' equity attributable to parent142,866
Common stock9
Additional paid in capital292,082
Accumulated other comprehensive income7
Accumulated deficit(149,232)
Total stockholders' equity:142,866

Income statement (P&L) ($ in thousands)

Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:(32,545)
Operating expenses(94,259)
Operating loss:(126,804)
Nonoperating income20,762
Investment income, nonoperating20,829
Interest and debt expense790
Loss from continuing operations before equity method investments, income taxes:(105,252)
Loss from equity method investments(354)
Other undisclosed loss from continuing operations before income taxes(814)
Loss from continuing operations before income taxes:(106,420)
Income tax expense(169)
Net loss available to common stockholders, diluted:(106,589)

Comprehensive Income ($ in thousands)

Net loss:(106,589)
Other comprehensive income10
Comprehensive loss, net of tax, attributable to parent:(106,579)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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