FTC Solar Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
FTCI$1.55-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Stockholders’ Equity
For the three and nine months ended September 30, 2024:
| Preferred stock · Common stock · Treasury stock | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except shares) | Shares | Amount | Shares | Amount | Shares | Amount | Additionalpaid-Incapital | Accumulated other comprehensive loss | Accumulated deficit | Totalstockholders'equity |
| Balance as of December 31, 2023 | — | $— | 125,445,325 | $13 | 10,762,566 | $— | $361,886 | $(293) | $(299,135) | $62,471 |
| Shares issued during the period for vested restricted stock awards | — | — | 506,928 | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | 1,639 | — | — | 1,639 |
| Net loss | — | — | — | — | — | — | — | — | (8,771) | (8,771) |
| Other comprehensive loss | — | — | — | — | — | — | — | (181) | — | (181) |
| Balance as of March 31, 2024 | — | — | 125,952,253 | 13 | 10,762,566 | — | 363,525 | (474) | (307,906) | 55,158 |
| Shares issued during the period for vested restricted stock awards | — | — | 1,009,094 | — | — | — | — | — | — | — |
| Issuance of common stock upon exercise of stock options | — | — | 41,233 | — | — | — | 3 | — | — | 3 |
| Stock-based compensation | — | — | — | — | — | — | 1,285 | — | — | 1,285 |
| Net loss | — | — | — | — | — | — | — | — | (12,241) | (12,241) |
| Other comprehensive gain | — | — | — | — | — | — | — | 36 | — | 36 |
| Balance as of June 30, 2024 | — | — | 127,002,580 | 13 | 10,762,566 | — | 364,813 | (438) | (320,147) | 44,241 |
| Shares issued during the period for vested restricted stock awards | — | — | 718,424 | — | — | — | — | — | — | — |
| Issuance of common stock upon exercise of stock options | — | — | 2,578 | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | 1,319 | — | — | 1,319 |
| Net loss | — | — | — | — | — | — | — | — | (15,359) | (15,359) |
| Other comprehensive gain | — | — | — | — | — | — | — | 207 | — | 207 |
| Balance as of September 30, 2024 | — | $— | 127,723,582 | $13 | 10,762,566 | $— | $366,132 | $(231) | $(335,506) | $30,408 |
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Continued)
For the three and nine months ended September 30, 2023:
| Preferred stock · Common stock · Treasury stock | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except shares) | Shares | Amount | Shares | Amount | Shares | Amount | Additionalpaid-Incapital | Accumulatedothercomprehensiveloss | Accumulateddeficit | Totalstockholders'equity |
| Balance as of December 31, 2022 | — | $— | 105,032,588 | $11 | 10,762,566 | $— | $315,345 | $(61) | $(248,845) | $66,450 |
| Shares issued during the period for vested restricted stock awards | — | — | 1,498,987 | — | — | — | 2,775 | — | — | 2,775 |
| Issuance of common stock upon exercise of stock options | — | — | 265,125 | — | — | — | 51 | — | — | 51 |
| Shares issued for legal settlement | — | — | 797,396 | — | — | — | 2,000 | — | — | 2,000 |
| Sale of shares | — | — | 2,683,000 | — | — | — | 6,292 | — | — | 6,292 |
| Stock offering costs | — | — | — | — | — | — | (32) | — | — | (32) |
| Stock-based compensation | — | — | — | — | — | — | 2,472 | — | — | 2,472 |
| Net loss | — | — | — | — | — | — | — | — | (11,762) | (11,762) |
| Other comprehensive loss | — | — | — | — | — | — | — | (5) | — | (5) |
| Balance as of March 31, 2023 | — | — | 110,277,096 | 11 | 10,762,566 | — | 328,903 | (66) | (260,607) | 68,241 |
| Shares issued during the period for vested restricted stock awards | — | — | 1,213,037 | — | — | — | 2,085 | — | — | 2,085 |
| Issuance of common stock upon exercise of stock options | — | — | 39,087 | — | — | — | — | — | — | — |
| Sale of shares | — | — | 6,589,000 | 1 | — | — | 17,347 | — | — | 17,348 |
| Stock offering costs | — | — | — | — | — | — | (127) | — | — | (127) |
| Stock-based compensation | — | — | — | — | — | — | 2,669 | — | — | 2,669 |
| Net loss | — | — | — | — | — | — | — | — | (10,414) | (10,414) |
| Other comprehensive loss | — | — | — | — | — | — | — | (408) | — | (408) |
| Balance as of June 30, 2023 | — | — | 118,118,220 | 12 | 10,762,566 | — | 350,877 | (474) | (271,021) | 79,394 |
| Shares issued during the period for vested restricted stock awards | — | — | 595,097 | — | — | — | — | — | — | — |
| Issuance of common stock upon exercise of stock options | — | — | 403,749 | — | — | — | 170 | — | — | 170 |
| Sale of shares | — | — | 6,149,885 | — | — | — | 10,367 | — | — | 10,367 |
| Stock offering costs | — | — | — | — | — | — | (74) | — | — | (74) |
| Share repurchase and retirement | — | — | (312,500) | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | 1,192 | — | — | 1,192 |
| Net loss | — | — | — | — | — | — | — | — | (16,937) | (16,937) |
| Other comprehensive loss | — | — | — | — | — | — | — | (38) | — | (38) |
| Balance as of September 30, 2023 | — | $— | 124,954,451 | $12 | 10,762,566 | $— | $362,532 | $(512) | $(287,958) | $74,074 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.