FTC Solar | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 26.03 M

LB filings
2025.11.12 14:20
portai
I'm PortAI, I can summarize articles.

Revenue: As of FY2025 Q3, the actual value is USD 26.03 M, beating the estimate of USD 21.12 M.

EPS: As of FY2025 Q3, the actual value is USD -1.61.

EBIT: As of FY2025 Q3, the actual value is USD -5.723 M.

Segment Revenue

  • Product Revenue: $54,130,000 for the nine months ended September 30, 2025, compared to $27,092,000 for the same period in 2024, representing a 99.8% increase.
  • Service Revenue: $12,696,000 for the nine months ended September 30, 2025, compared to $7,061,000 for the same period in 2024, representing a 79.8% increase.

Operational Metrics

  • Net Loss: - $43,187,000 for the nine months ended September 30, 2025, compared to - $36,371,000 for the same period in 2024.
  • Gross Loss: - $5,772,000 for the nine months ended September 30, 2025, compared to - $8,757,000 for the same period in 2024.
  • Operating Expenses: $23,992,000 for the nine months ended September 30, 2025, compared to $30,645,000 for the same period in 2024.

Cash Flow

  • Net Cash Used in Operations: - $25,416,000 for the nine months ended September 30, 2025, compared to - $18,008,000 for the same period in 2024.
  • Net Cash Provided by Investing Activities: $2,557,000 for the nine months ended September 30, 2025, compared to $930,000 for the same period in 2024.
  • Net Cash Provided by Financing Activities: $35,900,000 for the nine months ended September 30, 2025, compared to $3,000 for the same period in 2024.

Unique Metrics

  • Loss from Change in Fair Value of Warrant Liability: - $14,298,000 for the nine months ended September 30, 2025.
  • Gain from Disposal of Investment in Unconsolidated Subsidiary: $3,204,000 for the nine months ended September 30, 2025.

Future Outlook and Strategy

  • Core Business Focus: The company plans to focus on increasing project activity and cash flow, with expectations of meeting financial covenants under the Credit Agreement, including a $20 million minimum unrestricted cash covenant effective for the quarter ended December 31, 2025.
  • Non-Core Business: The company has entered into a Membership Interest Purchase Agreement to acquire 100% of the membership interests of Alpha Steel, which will become a wholly-owned subsidiary, enhancing its manufacturing capabilities.
Source: LB filings The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.