FTCI - FTC Solar, Inc. Stock Price, Fair Value and News

0.40USD+0.01 (+2.56%)Delayed as of 22 Apr 2024, 01:55 pm ET

Market Summary

USD0.40+0.01

Delayedas of 22 Apr 2024, 01:55 pm

2.56%

FTCI Alerts

1 major insider buys recently.

FTCI Stock Price

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FTCI RSI Chart

FTCI Valuation

Market Cap

49.0M

Price/Earnings (Trailing)

-0.97

Price/Sales (Trailing)

0.39

EV/EBITDA

-0.48

Price/Free Cashflow

-0.92

FTCI Price/Sales (Trailing)

FTCI Profitability

EBT Margin

-39.86%

Return on Equity

-80.5%

Return on Assets

-40.86%

Free Cashflow Yield

-109.15%

FTCI Fundamentals

FTCI Revenue

Revenue (TTM)

127.0M

Rev. Growth (Yr)

-11.51%

Rev. Growth (Qtr)

-24.05%

FTCI Earnings

Earnings (TTM)

-50.3M

Earnings Growth (Yr)

45.48%

Earnings Growth (Qtr)

34.01%

Breaking Down FTCI Revenue

52 Week Range

0.393.87

(Low)(High)

Last 7 days

-17.0%

Last 30 days

-29.1%

Last 90 days

-26.4%

Trailing 12 Months

-84.9%

How does FTCI drawdown profile look like?

FTCI Financial Health

Current Ratio

1.98

FTCI Investor Care

Shares Dilution (1Y)

21.03%

Diluted EPS (TTM)

-0.44

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	114.4M	116.0M	130.0M	127.0M
2022	254.4M	235.0M	198.6M	123.1M
2021	220.7M	219.6M	213.0M	270.5M
2020	86.7M	120.2M	153.8M	187.4M
2019	0	0	0	53.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of FTC Solar, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 26, 2024	chatila ahmad r	bought	49,674	0.51	97,400	-
Mar 22, 2024	chatila ahmad r	bought	50,930	0.55	92,600	-
Mar 21, 2024	cook patrick	sold	-13,340	0.58	-23,000	chief commercial officer
Mar 20, 2024	mullings tamara	sold	-13,993	0.55	-25,442	-
Mar 20, 2024	cook patrick	sold	-25,922	0.53	-48,911	chief commercial officer
Mar 20, 2024	chatila ahmad r	bought	49,950	0.54	92,500	-
Mar 18, 2024	chatila ahmad r	bought	49,882	0.49	101,800	-
Feb 12, 2024	behnen cathy	acquired	-	-	200,000	chief financial officer
Dec 13, 2023	morris robert phelps	sold	-14,447	0.73	-19,791	-
Dec 12, 2023	aminpour sasan	acquired	-	-	800,000	chief operating officer

Which funds bought or sold FTCI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	WOLFF WIESE MAGANA LLC	unchanged	-	-31.00	108	-%
Apr 18, 2024	USCF Advisers LLC	unchanged	-	-984	3,450	0.33%
Apr 17, 2024	Richardson Capital Management LLC	unchanged	-	-1,585	5,558	-%
Apr 16, 2024	Chesley Taft & Associates LLC	unchanged	-	-11,227	39,347	-%
Apr 15, 2024	Sunbelt Securities, Inc.	unchanged	-	-275	966	-%
Apr 15, 2024	ASPIRIANT, LLC	reduced	-31.25	-5,156	5,929	-%
Apr 05, 2024	CWM, LLC	sold off	-100	-	-	-%
Mar 21, 2024	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	added	15.45	-48,226	80,326	-%
Mar 11, 2024	VANGUARD GROUP INC	added	10.87	-1,336,660	2,005,520	-%
Mar 01, 2024	Electron Capital Partners, LLC	sold off	-100	-5,501,900	-	-%

Are Funds Buying or Selling FTCI?

Are funds buying FTCI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FTCI

No. of Funds

FTCI Alerts

1 major insider buys recently.

Unveiling FTC Solar, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 12, 2024	springer david	7.3%	9,146,033	SC 13G/A
Feb 12, 2024	arc family trust	9.4%	11,740,857	SC 13G/A
Feb 13, 2023	springer david	9.3%	9,819,827	SC 13G
Feb 13, 2023	arc family trust	15.3%	16,053,357	SC 13G
Feb 01, 2023	south lake one llc	14.16%	14,867,592	SC 13G/A
Feb 14, 2022	arc family trust	22.7%	21,941,357	SC 13G
Feb 14, 2022	springer david	11.3%	10,895,030	SC 13G
Feb 14, 2022	south lake one llc	17.24%	14,652,750	SC 13G

Recent SEC filings of FTC Solar, Inc.

View All Filings

Date Filed	Form Type	Document
Mar 27, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	144	Notice of Insider Sale Intent
Mar 20, 2024	144	Notice of Insider Sale Intent
Mar 20, 2024	144	Notice of Insider Sale Intent
Mar 19, 2024	4	Insider Trading
Mar 15, 2024	10-K	Annual Report

Peers (Alternatives to FTC Solar, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FSLR	18.7B	3.3B	15.93%	-18.77%	22.52	5.64	26.70%	1981.03%
ENPH	14.5B	2.3B	-6.31%	-52.61%	32.95	6.31	-1.72%	10.46%
MID-CAP
SEDG	3.2B	3.0B	-14.79%	-82.47%	92.81	1.07	-4.30%	-63.39%
RUN	2.3B	2.3B	-10.54%	-50.84%	-1.4	1	-2.65%	-1025.44%
SMALL-CAP
BEEM	88.7B	67.4M	-13.60%	-38.71%	-5.5K	1.3K	86.60%	18.40%
ARRY	1.7B	1.6B	-15.32%	-46.21%	12.42	1.08	-3.72%	2996.57%
SHLS	1.4B	488.9M	-32.35%	-62.50%	32.94	2.78	49.55%	-68.23%
SPWR	387.5M	1.8B	-25.84%	-84.01%	-3.38	0.22	14.74%	-307.59%
FTCI	49.0M	127.0M	-29.09%	-84.88%	-0.97	0.39	3.20%	49.51%
SUNW	1.7M	154.9M	-	-97.50%	-0.02	0.01	10.63%	-80.26%
ASTI	379.4K	458.3K	-74.36%	-71.43%	-0.02	0.83	-62.52%	13.59%

FTC Solar, Inc. News

Latest updates

FTC Solar, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	-24.1%	23,201,000	30,548,000	32,359,000	40,894,000	26,220,000	16,572,000	30,721,000	49,553,000	101,721,000	52,989,000	50,108,000	65,707,000	44,179,000	59,640,000	51,157,000	32,376,000	-
Gross Profit	-79.5%	692,000	3,379,000	2,201,000	2,035,000	-1,914,000	-9,515,000	-6,512,000	-9,287,000	-24,625,000	-8,039,000	16,050,000	119,000	-4,825,000	2,866,000	-1,382,000	6,980,000	-
Operating Expenses	-36.8%	12,428,000	19,656,000	12,568,000	14,432,000	17,947,000	17,179,000	18,727,000	18,491,000	14,968,000	14,731,000	56,422,000	8,138,000	6,514,000	5,391,000	4,576,000	4,084,000	-
S&GA Expenses	-22.1%	4,924,000	6,324,000	1,852,000	1,711,000	1,766,000	1,994,000	2,927,000	1,972,000	402,000	2,224,000	3,097,000	1,100,000	1,171,000	1,041,000	818,000	515,000	-
R&D Expenses	-24.5%	1,450,000	1,921,000	1,873,000	1,922,000	2,411,000	2,126,000	2,711,000	2,701,000	1,887,000	2,116,000	5,583,000	1,954,000	1,175,000	1,438,000	1,515,000	1,094,000	-
EBITDA Margin	12.6%	-0.39	-0.45	-0.58	-0.72	-0.81	-0.52	-0.43	-0.50	-0.40	-0.44	-0.33	-0.12	-0.09	-	-	-	-
Interest Expenses	45.4%	-59,000	-108,000	-28,000	-58,000	-96,000	-160,000	-427,000	-295,000	-299,000	-301,000	-200,000	-14,000	-61,000	-70,000	-121,000	-112,000	-
Income Taxes	-405.0%	-518,500	170,000	-120,000	131,000	417,000	-150,000	90,000	76,000	30,000	40,000	120,000	-19,000	32,000	24,000	19,000	-158,000	-
Earnings Before Taxes	30.3%	-11,690,000	-16,771,000	-10,536,000	-11,631,000	-20,081,000	-25,787,000	-25,593,000	-27,717,000	-23,850,000	-22,874,000	-52,235,000	-7,461,000	-10,041,000	-2,630,000	-6,120,000	2,784,000	-
EBT Margin	12.2%	-0.40	-0.45	-0.59	-0.73	-0.81	-0.52	-0.43	-0.50	-0.39	-0.43	-0.33	-0.12	-0.09	-	-	-	-
Net Income	34.0%	-11,177,000	-16,937,000	-10,414,000	-11,762,000	-20,501,000	-25,636,000	-25,683,000	-27,793,000	-23,882,000	-22,915,000	-52,350,000	-7,442,000	-9,728,000	-2,840,000	-6,776,000	3,420,000	-
Net Income Margin	13.6%	-0.40	-0.46	-0.59	-0.73	-0.81	-0.52	-0.43	-0.50	-0.39	-0.43	-0.33	-0.12	-0.08	-	-	-	-
Free Cashflow	58.2%	-6,629,000	-15,848,000	-22,660,000	-8,344,000	103,414,000	-12,818,000	16,548,000	-53,629,000	225,067,000	-8,604,000	-58,599,000	-25,989,000	15,011,000	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet														(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Assets	-9.7%	123	136	137	139	134	148	185	211	243	235	241	72.00	71.00	34.00
Current Assets	-10.3%	109	121	120	121	119	133	169	204	236	229	235	63.00	66.00	31.00
Cash Equivalents	-19.9%	25.00	32.00	34.00	41.00	44.00	50.00	66.00	49.00	102	141	150	5.00	33.00	8.00
Inventory	-16.1%	4.00	5.00	6.00	9.00	15.00	17.00	14.00	9.00	9.00	11.00	8.00	4.00	2.00	5.00
Net PPE	8.2%	2.00	2.00	2.00	2.00	2.00	2.00	1.00	2.00	2.00	-	-	-	0.00	-
Goodwill	2.9%	7.00	7.00	7.00	8.00	8.00	7.00	7.00	-	-	-	-	-	-	-
Liabilities	-2.6%	61.00	62.00	58.00	71.00	68.00	67.00	85.00	91.00	100	72.00	60.00	72.00	64.00	42.00
Current Liabilities	-1.7%	55.00	56.00	51.00	63.00	60.00	61.00	79.00	84.00	93.00	66.00	55.00	68.00	60.00	34.00
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	2.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	2.00
Shareholder's Equity	-15.7%	62.00	74.00	79.00	68.00	66.00	82.00	100	120	143	163	181	0.00	7.00	-
Retained Earnings	-3.9%	-299	-288	-271	-260	-248	-228	-202	-177	-149	-125	3.00	-50.08	-42.64	-26.72
Additional Paid-In Capital	-0.2%	362	363	351	329	315	310	303	297	292	289	-3.49	51.00	50.00	18.00
Shares Outstanding	0.4%	125	125	-	110	105	102	100	99.00	86.00	83.00	77.00	67.00	69.00	-
Float	-	-	-	229	-	-	-	158	-	-	-	361	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	59.7%	-6,273	-15,574	-22,493	-8,316	-5,425	-12,687	16,708	-53,106	-40,440	-8,119	-58,391	-25,904	15,267	8,277	-16,615	-6,300	-
Share Based Compensation	-162.8%	-749	1,192	2,962	4,890	9,156	5,539	998	4,610	3,234	5,400	52,701	449	437	448	475	458	-
Cashflow From Investing	124.5%	65.00	-265	-167	-30.00	-171	-3,801	-89.00	-186	-247	-275	21,914	-85.00	1,868	-	-	-	-
Cashflow From Financing	-101.3%	-183	13,556	15,108	5,469	115	274	86.00	428	2,229	-619	180,804	-2,045	-4,140	-2,000	-1,216	30,000	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-54,155	-	-	-	-	-	-

FTCI Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue:
Total revenue	$ 127,002	$ 123,066	$ 270,525
Cost of revenue:
Total cost of revenue	118,695	150,294	303,070
Gross profit (loss)	8,307	(27,228)	(32,545)
Operating expenses
Research and development	7,166	9,949	11,540
Selling and marketing	14,811	8,659	6,823
General and administrative	37,107	53,736	75,896
Total Operating expenses	59,084	72,344	94,259
Loss from operations	(50,777)	(99,572)	(126,804)
Interest expense, net	(253)	(978)	(814)
Gain from disposal of investment in unconsolidated subsidiary	1,319	1,745	20,829
Gain on extinguishment of debt	0	0	790
Other expense, net	(257)	(373)	(67)
Loss from unconsolidated subsidiary	(660)	0	(354)
Loss before income taxes	(50,628)	(99,178)	(106,420)
(Provision) benefit for income taxes	338	(435)	(169)
Net loss	(50,290)	(99,613)	(106,589)
Other comprehensive income (loss):
Foreign currency translation adjustments	(232)	(68)	10
Comprehensive loss	$ (50,522)	$ (99,681)	$ (106,579)
Net loss per share
Basic	$ (0.44)	$ (0.98)	$ (1.24)
Diluted	$ (0.44)	$ (0.98)	$ (1.24)
Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding	115,546,150	101,408,263	86,043,051
Diluted weighted-average number of common shares outstanding	115,546,150	101,408,263	86,043,051
Product [Member]
Revenue:
Total revenue	$ 101,872	$ 63,760	$ 227,397
Cost of revenue:
Total cost of revenue	93,314	84,766	239,149
Service [Member]
Revenue:
Total revenue	25,130	59,306	43,128
Cost of revenue:
Total cost of revenue	$ 25,381	$ 65,528	$ 63,921

FTCI Balance Sheet

2023-12-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 25,235	$ 44,385
Accounts receivable, net	65,279	49,052
Inventories	3,905	14,949
Prepaid and other current assets	14,089	10,304
Total current assets	108,508	118,690
Operating lease right-of-use assets	1,819	1,154
Property and equipment, net	1,823	1,702
Intangible assets, net	542	1,113
Goodwill	7,353	7,538
Equity method investment	240	0
Other assets	2,785	4,201
Total assets	123,070	134,398
Current liabilities
Accounts payable	7,979	15,801
Accrued expenses	34,848	23,896
Income taxes payable	88	443
Deferred revenue	3,612	11,316
Other current liabilities	8,138	8,884
Total current liabilities	54,665	60,340
Operating lease liability, net of current portion	1,124	786
Other non-current liabilities	4,810	6,822
Total liabilities	60,599	67,948
Commitments and contingencies (Note 15)
Stockholders' equity
Preferred stock par value of $0.0001 per share, 10,000,000 shares authorized; none issued as of December 31, 2023 and December 31, 2022	0	0
Common stock par value of $0.0001 per share, 850,000,000 shares authorized; 125,445,325 and 105,032,588 shares issued and outstanding as of December 31, 2023 and December 31, 2022	13	11
Treasury stock, at cost; 10,762,566 shares as of December 31, 2023 and December 31, 2022	0	0
Additional paid-in capital	361,886	315,345
Accumulated other comprehensive loss	(293)	(61)
Accumulated deficit	(299,135)	(248,845)
Total stockholders' equity	62,471	66,450
Total liabilities and stockholders' equity	$ 123,070	$ 134,398

About FTC Solar, Inc.

FTC Solar, Inc. provides solar tracker systems, software, and engineering services in the United States and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides Pioneer, a one module-in-portrait solar tracker solution that allows for a pile count reduction per megawatt. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors that design and build solar energy projects. FTC Solar, Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

CEO	Mr. Sean Hunkler
WEBSITE	https://ftcsolar.com
INDUSTRY	Solar
EMPLOYEES	221

FTC Solar, Inc. Frequently Asked Questions

What is the ticker symbol for FTC Solar, Inc.? What does FTCI stand for in stocks?

FTCI is the stock ticker symbol of FTC Solar, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of FTC Solar, Inc. (FTCI)?

As of Fri Apr 19 2024, market cap of FTC Solar, Inc. is 48.99 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FTCI stock?

You can check FTCI's fair value in chart for subscribers.

What is the fair value of FTCI stock?

You can check FTCI's fair value in chart for subscribers. The fair value of FTC Solar, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of FTC Solar, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FTCI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is FTC Solar, Inc. a good stock to buy?

The fair value guage provides a quick view whether FTCI is over valued or under valued. Whether FTC Solar, Inc. is cheap or expensive depends on the assumptions which impact FTC Solar, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FTCI.

What is FTC Solar, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, FTCI's PE ratio (Price to Earnings) is -0.97 and Price to Sales (PS) ratio is 0.39. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FTCI PE ratio will change depending on the future growth rate expectations of investors.