FTC Solar, Inc.

NASDAQ•FTCI

執行長: Mr. Sasan Aminpour

板塊: Energy

行業: 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.

聯絡資訊

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

737-787-7906

ftcsolar.com

市值

$73.36M

本益比 (TTM)

-1.0

股息率

52周最高

$12.75

52周最低

$2.13

52周範圍

26%

排名69Top 98.7%

1.2

F-Score

改良版 Piotroski 分析

基於 6 年期基本面

疲弱 • 1.2 / 9 分

評分區間 (0-9)

8-9: 價值優異

6-7: 基本面強勁

4-5: 整體穩健

0-3: 表現疲弱

資料區間: 2020-2025

財務儀表板

Q4 2025 數據

營業收入

$32.86M+0.00%

近4季度走勢

每股收益

-$2.23+0.00%

近4季度走勢

自由現金流

-$8.36M+0.00%

近4季度走勢

2025 Q3 財報亮點

核心亮點

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.

關注風險

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.

未來展望

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.

同行對比

營業收入 (TTM)

TYGO

$103.54M

+91.7%

FTCI

$99.69M

+110.5%

ZEO

$69.43M

-10.4%

毛利率 (最新季度)

92.0%

+86.5pp

ZEO

57.9%

+7.7pp

TYGO

44.5%

+30.2pp

關鍵指標

股票代碼	市值	本益比 (TTM)	股東權益報酬率 (TTM)	負債率
TYGO	$275.12M	-145.8	-16.7%	3.4%
EP	$104.96M	-5.9	-30.1%	13.3%
FTCI	$73.36M	-1.0	1044.3%	20.7%

長期趨勢

近4季度

營業收入

淨利

營運現金流

4季度營業收入複合增長率

16.5%

高速增長

4季度淨利複合增長率

N/M

盈利狀態轉變

現金流穩定性

現金流需要關注

深度研究

下次財報:2026年3月30日

每股收益:-$0.21

營業收入:-

財務數據

電話會議

財務報告

新聞

損益表

資產負債表

現金流量表

財務比率

變化率

損益表	過去12個月

無資料