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FTC Solar FTCI Gain (loss) on disposal of assets

Gain (loss) on disposal of assets at other companies

SolarEdge Technologies logo
SolarEdge TechnologiesSEDG
$4.5M
Shoals Technologies Group, Inc. logo
Shoals Technologies Group, Inc.SHLS
-$2K
Preformed Line Products logo
Preformed Line ProductsPLPC
-$27K-173%

Other financials

Income statement

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Revenue$26.2M+30.8%
Gross profit-$2.2M+43.0%
Operating income-$13.7M-19.4%
Net income-$27.1M-75.8%
EPS (diluted)-$1.69-43.2%

Balance sheet

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Cash & equivalents$10.1M+186%
Total debt$24.3M+105%
Total equity-$30.3M-436%
Total assets$98.1M+18.2%

Cash flow

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Operating cash flow-$12.8M-50.6%
CapEx$319.0K+72.4%
Free cash flow-$13.0M-52.3%

Valuation

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Market cap$46.76M-32.8%
Enterprise value$60.95M-21.8%
P/S0.5×-0.6×

Profitability

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Gross margin-12%-1.5pp
Operating margin-38.3%-13.0pp
Net margin-53.6%-11.3pp
FCF margin-40.6%-9.6pp

Returns & leverage

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Return on equity-175.8%-1,003pp
Debt / equity1.3×+1.3×
Current ratio0.9×-0.2×

Where this comes from

Reported directly by FTC Solar in its filing.

Tagged under the XBRL concept us-gaap:GainLossOnSaleOfPropertyPlantEquipment.

The source filing: FTC Solar’s 10-Q, filed May 1, 2025.

Filed
May 1, 2025
Fiscal quarter
Q1 FY2025
Calendar quarter
Q1 2025
Accession
0000950170-25-061469
(in thousands)Three months ended March 31, 2025Three months ended March 31, 2024
Stock-based compensation2801,639
Depreciation and amortization302404
Gain from change in fair value of warrant liability(4,604)
Gain from sale of property and equipment(3)
Amortization of debt discount and issue costs210177
Paid-in-kind non-cash interest492
Provision for obsolete and slow-moving inventory177
Loss from unconsolidated subsidiary112265

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is FTC Solar's gain (loss) on disposal of assets?
FTC Solar (FTCI) reported gain (loss) on disposal of assets of $3K in Q1 2025.
What does gain (loss) on disposal of assets mean?
Gains or losses recognized on the disposal of businesses, property, equipment, investments, or other assets at prices above or below their carrying value.

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