FTC Solar Past Earnings Performance
Past criteria checks 0/6
FTC Solar's earnings have been declining at an average annual rate of -4.4%, while the Electrical industry saw earnings growing at 14.8% annually. Revenues have been declining at an average rate of 15.2% per year.
Key information
-4.4%
Earnings growth rate
5.2%
EPS growth rate
| Electrical Industry Growth | 30.3% |
| Revenue growth rate | -15.2% |
| Return on equity | -152.8% |
| Net Margin | -82.9% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How FTC Solar makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 57 | -48 | 33 | 6 |
| 30 Jun 24 | 78 | -49 | 42 | 6 |
| 31 Mar 24 | 99 | -47 | 44 | 6 |
| 31 Dec 23 | 127 | -50 | 48 | 7 |
| 30 Sep 23 | 130 | -60 | 56 | 8 |
| 30 Jun 23 | 116 | -68 | 54 | 8 |
| 31 Mar 23 | 114 | -84 | 59 | 9 |
| 31 Dec 22 | 123 | -100 | 62 | 10 |
| 30 Sep 22 | 199 | -103 | 60 | 9 |
| 30 Jun 22 | 235 | -100 | 58 | 9 |
| 31 Mar 22 | 254 | -127 | 92 | 12 |
| 31 Dec 21 | 271 | -107 | 83 | 12 |
| 30 Sep 21 | 213 | -92 | 75 | 11 |
| 30 Jun 21 | 220 | -72 | 66 | 10 |
| 31 Mar 21 | 221 | -27 | 19 | 6 |
| 31 Dec 20 | 187 | -16 | 15 | 5 |
| 31 Dec 19 | 53 | -13 | 6 | 4 |
Quality Earnings: 6YK is currently unprofitable.
Growing Profit Margin: 6YK is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 6YK is unprofitable, and losses have increased over the past 5 years at a rate of 4.4% per year.
Accelerating Growth: Unable to compare 6YK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 6YK is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (1.2%).
Return on Equity
High ROE: 6YK has a negative Return on Equity (-152.78%), as it is currently unprofitable.