Company: FTCI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047224
Chunk: 208

Company: FTC Solar, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 208
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    Impact on cash from changes in operating assets and liabilities:

    Accounts receivable

    23,498

    (23,600
    )

    Inventories

    (6,416
    )

    10,338

    Prepaid and other current assets

    (934
    )

    (3,681
    )

    Other assets

    (376
    )

    383

    Accounts payable

    4,963

    (7,960
    )

    Accruals and other current liabilities

    (19,292
    )

    10,582

    Deferred revenue

    1,754

    (7,704
    )

    Other non-current liabilities

    (2,696
    )

    (3,083
    )

    Lease payments and other, net

    (1,031
    )

    (972
    )

    Net cash used in operations

    (34,699
    )

    (52,656
    )

    Cash flows from investing activities:

    Purchases of property and equipment

    (1,645
    )

    (816
    )

    Proceeds from sale of Atlas software platform

    900

    —

    Equity method investment in Alpha Steel

    (1,800
    )

    (900
    )

    Proceeds from disposal of investment in unconsolidated subsidiary

    8,807

    1,319

    Net cash provided by (used in) investing activities

    6,262

    (397
    )

    Cash flows from financing activities:

    Proceeds from borrowings

    14,550

    —

    Sale of common stock

    —

    34,007

    Stock offering costs paid

    —

    (283
    )

    Financing costs paid

    (60
    )

    —

    Proceeds from stock option exercises

    8

    226

    Net cash provided by financing activities

    14,498

    33,950

    Effect of exchange rate changes on cash and cash equivalents

    (49
    )

    (47
    )

    Decrease in cash and cash equivalents

    (13,988
    )

    (19,150
    )

    Cash and cash equivalents at beginning of period

    25,235

    44,385

    Cash and cash equivalents at end of period