Here's Why We're A Bit Worried About FTC Solar's (NASDAQ:FTCI) Cash Burn Situation [Yahoo! Finance]
FTC Solar, Inc. (FTCI)
Company Research
Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? So should FTC Solar NASDAQ:FTCI ) shareholders be worried about its cash burn? In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. Check out our latest analysis for FTC Solar How Long Is FTC Solar's Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In September 2023, FTC Solar had US$32m in cash, and was debt-free. Importantly, its cash burn was US$52m over the trailing twelve months. That means it had a cash runway of around 7 months as of September 2023. Notably, analysts forecast that FTC Solar will break even (at a fr
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News
- Earnings Preview: FTC Solar (FTCI) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- FTC Solar, Inc. (NASDAQ: FTCI) had its price target lowered by analysts at HC Wainwright from $2.50 to $1.50. They now have a "buy" rating on the stock.MarketBeat
- Bearish: Analysts Just Cut Their FTC Solar, Inc. (NASDAQ:FTCI) Revenue and EPS estimates [Yahoo! Finance]Yahoo! Finance
- FTC Solar, Inc. (NASDAQ:FTCI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- FTC Solar, Inc. (NASDAQ:FTCI) Analysts Are Cutting Their Estimates: Here's What You Need To Know [Yahoo! Finance]Yahoo! Finance
FTCI
Earnings
- 3/13/24 - In-Line
FTCI
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 4/26/24 - Form ARS
- FTCI's page on the SEC website