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FTCI

FTC Solar Inc

$4.56

Earnings Summary

Revenue
$49.55Mn
Net Profits
$-27.79Mn
Net Profit Margins
-56.09%

Highlights

Revenue:

FTC Solar Inc’s revenue fell -24.58% since last year same period to $49.55Mn in the Q1 2022. On a quarterly growth basis, FTC Solar Inc has generated -51.29% fall in its revenue since last 3-months.

Net Profits:

FTC Solar Inc’s net profit fell -273.46% since last year same period to $-27.79Mn in the Q1 2022. On a quarterly growth basis, FTC Solar Inc has generated -16.38% fall in its net profits since last 3-months.

Net Profit Margins:

FTC Solar Inc’s net profit margin fell -395.21% since last year same period to -56.09% in the Q1 2022. On a quarterly growth basis, FTC Solar Inc has generated -138.89% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the FTC Solar Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.16
EPS Estimate Current Year
-0.16

Highlights

EPS Estimate Current Quarter:

FTC Solar Inc’s earning per share (EPS) estimates for the current quarter stand at -0.16 - a -33.33% fall from last quarter’s estimates.

EPS Estimate Current Year:

FTC Solar Inc’s earning per share (EPS) estimates for the current year stand at -0.16.

Key Ratios

Key ratios of the FTC Solar Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-0.2
Return on Assets (ROA)
-0.29
Return on Equity (ROE)
-0.71
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

FTC Solar Inc’s earning per share (EPS) fell -100% since last year same period to -0.2 in the Q1 2022. This indicates that the FTC Solar Inc has generated -100% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. FTC Solar Inc’s return on assets (ROA) stands at -0.29.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. FTC Solar Inc’s return on equity (ROE) stands at -0.71.

Dividend Per Share (DPS):

FTC Solar Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-16
-0.12
-0.2
-66.67%

Company Information

Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a fast-growing, global provider of solar tracker systems, technology, software, and engineering services.  Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun.  FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage. 

Organisation
FTC Solar Inc
Headquarters
Austin, Texas, US
Employees
178