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FTC Solar (FTC Solar) Pre-Tax Income : $-47.78 Mil (TTM As of Mar. 2024)


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What is FTC Solar Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. FTC Solar's pretax income for the three months ended in Mar. 2024 was $-8.78 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was $-47.78 Mil. FTC Solar's pretax margin was -69.77%.

During the past 5 years, FTC Solar's highest Pretax Margin was -8.54%. The lowest was -80.59%. And the median was -39.34%.


FTC Solar Pre-Tax Income Historical Data

The historical data trend for FTC Solar's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FTC Solar Pre-Tax Income Chart

FTC Solar Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
-13.53 -16.01 -106.42 -99.18 -50.63

FTC Solar Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.63 -10.54 -16.77 -11.69 -8.78

Competitive Comparison of FTC Solar's Pre-Tax Income

For the Solar subindustry, FTC Solar's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FTC Solar's Pre-Tax Income Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where FTC Solar's Pre-Tax Income falls into.



FTC Solar Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

FTC Solar's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-50.777+0.402+-0.253+0+0
=-50.63

FTC Solar's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-12.502+3.856+-0.136+0+0
=-8.78

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-47.78 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FTC Solar  (NAS:FTCI) Pre-Tax Income Explanation

FTC Solar's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=-8.782/12.587
=-69.77%

During the past 5 years, FTC Solar's highest Pretax Margin was -8.54%. The lowest was -80.59%. And the median was -39.34%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FTC Solar Pre-Tax Income Related Terms

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FTC Solar (FTC Solar) Business Description

Traded in Other Exchanges
Address
9020 N Capital of Texas Highway, Building 1, Suite 260, Austin, TX, USA, 78759
FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.
Executives
Robert Phelps Morris officer: CHIEF FINANCIAL OFFICER C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759
Ahmad R Chatila director 3901 NO. FIRST STREET, SAN JOSE CA 95134
Shaker Sadasivam director P O BOX 8, SAINT PETERS MO 63376
William A Priddy director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Cathy Behnen officer: CHIEF ACCOUNTING OFFICER 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sasan Aminpour officer: Chief Operating Officer C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Arc Family Trust 10 percent owner 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Kristian Nolde officer: VP, MARKETING AND STRATEGY 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Patrick Cook officer: CHIEF FINANCIAL OFFICER 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Tamara Mullings director C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
David Springer director, 10 percent owner 2718 LOYAGA DRIVE, ROUND ROCK TX 78681
Nagendra Cherukupalli officer: CHIEF TECHNOLOGY OFFICER 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sean Hunkler director, officer: PRESIDENT AND CEO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thurman J Rodgers director 535 EASTVIEW WAY, WOODSIDE CA 94062
South Cone Investments Limited Partnership 10 percent owner AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1, LAS CONDES, SANTIAGO F3 7550000