Company: FTCI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047224
Chunk: 302

Company: FTC Solar, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 302
---
1,124

    Warrant liability

    9,520

    —

    Other non-current liabilities

    2,422

    4,810

    Total liabilities

    70,892

    60,599

    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, 2024 and December 31, 2023

    —

    —

    Common stock par value of $0.0001 per share, 850,000,000 shares authorized; 12,853,823 and 12,544,533 shares issued and outstanding as of December 31, 2024 and December 31, 2023(*)

    1

    1

    Treasury stock, at cost; 1,076,257 shares as of December 31, 2024 and December 31, 2023

    —

    —

    Additional paid-in capital(*)

    367,318

    361,898

    Accumulated other comprehensive loss

    (542
    )

    (293
    )

    Accumulated deficit

    (347,741
    )

    (299,135
    )

    Total stockholders’ equity

    19,036

    62,471

    Total liabilities and stockholders’ equity
     
    $
    89,928

    $
    123,070

___________

    * -
    Prior year shares and amounts, as applicable, have been revised to reflect the Reverse Stock Split, effective November 29, 2024.

The accompanying notes are an integral part of these consolidated financial statements.

60

FTC Solar, Inc.

Consolidated Statements of Comprehensive Loss

    Year ended December 31,

    (in thousands, except shares and per share data)
     
    2024

    2023

    Revenue:

    Product
     
    $
    37,520

    $
    101,872

    Service

    9,835

    25,130

    Total revenue

    47,355

    127,002

    Cost of revenue:

    Product

    48,185

    93,314

    Service

    11,764

    25