FTC Solar, Inc.

NASDAQ•FTCI

CEO: Mr. Sasan Aminpour

板块: Energy

行业: Solar

上市日期: 2021-04-28

FTC Solar, Inc. engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. Its customers include project developers and solar asset owners, as well as engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.

联系方式

Building 1, Suite 260 9020 North Capital of Texas Highway, Austin, TX, 78759, United States

737-787-7906

ftcsolar.com

市值

$69.82M

市盈率 (TTM)

-0.8

13.3

股息率

52周最高

$12.75

52周最低

$2.49

52周范围

19%

排名69Top 98.7%

1.2

F-Score

改良版 Piotroski 分析

基于 6 年期基本面

疲弱 • 1.2 / 9 分

评分区间 (0-9)

8-9: 价值优异

6-7: 基本面强劲

4-5: 整体稳健

0-3: 表现疲弱

数据范围: 2020-2025

财务仪表盘

Q4 2025 数据

营业收入

$32.86M+0.00%

近4季度走势

每股收益

-$2.23+0.00%

近4季度走势

自由现金流

-$8.36M+0.00%

近4季度走势

2025 Q3 财报亮点

核心亮点

Revenue Nearly Doubles Total revenue reached $66.83M, marking 95.7% growth for nine months. Product revenue jumped 99.8% due to 185% MW increase.

Gross Loss Significantly Narrows Nine-month gross loss improved to ($5.77M) from ($8.76M). Margin shifted from negative 25.6% to negative 8.6% year-over-year.

Cash Position Improved Cash reserves grew to $24.37M by period end, up $13.12M since December 31, 2024. Total assets reached $111.53M.

New Debt Financing Secured $35.9M net cash provided by financing activities, largely from new $75M Credit Agreement facility funded through September 2025.

关注风险

Going Concern Uncertainty Substantial doubt exists regarding ability to continue as going concern within next year due to recurring operating losses and covenant requirements.

Debt Covenant Compliance Needed Meeting minimum cash ($20.0M) and quarterly revenue targets required under new Credit Agreement over the next twelve months.

Tariff Assessment Risk Uncertainty remains regarding finalized CBP tariff assessments, potentially causing future material adverse effects on operations or liquidity.

Customer Litigation Exposure Lawsuit filed against BayWa for alleged contract breach; outcome uncertain regarding recovery or material financial impact.

前瞻展望

Alpha Steel Acquisition Closing Agreement signed November 11, 2025, to acquire 100% of Alpha Steel, becoming a wholly-owned subsidiary shortly after filing.

Technology Investment Continues Investing in product technology expansion, including SUNOPS monitoring and Pioneer+ tracker enhancements for challenging terrains.

Cost Savings Implementation Implementing additional cost savings measures, impacting headcount location and the level of third-party services currently utilized.

ATM Program Capacity Available Maintaining $13.75M capacity available under the ATM program for potential future equity sales to fund general corporate purposes.

同行对比

营业收入 (TTM)

TYGO

$103.54M

+91.7%

FTCI

$99.69M

+110.5%

ZEO

$69.35M

-5.2%

毛利率 (最新季度)

ZEO

51.9%

+7.7pp

TYGO

44.5%

+30.2pp

FTCI

21.0%

+48.6pp

关键指标

股票代码	市值	市盈率 (TTM)	净资产收益率 (TTM)	负债率
TYGO	$303.93M	-149.6	-16.7%	3.4%
EP	$97.07M	-1.4	-177.3%	23.3%
FTCI	$69.82M	-0.8	1044.3%	20.7%

长期趋势

近4季度

营业收入

净利润

经营现金流

4季度营收复合增长率

16.5%

高速增长

4季度净利润复合增长率

N/M

盈利状态转变

现金流稳定性

现金流需要关注

深度研究

下次财报:2026年5月7日

每股收益:-$0.41

营业收入:$24.26M

财务数据

电话会议

财务报告

新闻

利润表

资产负债表

现金流量表

财务比率

变化率

利润表	过去12个月

无数据