| Market Capitalization (Millions $) |
38 |
| Shares
Outstanding (Millions) |
16 |
| Employees |
232 |
| Revenues (TTM) (Millions $) |
102 |
| Net Income (TTM) (Millions $) |
-55 |
| Cash Flow (TTM) (Millions $) |
2 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
FTC Solar, Inc. was established in 2017 and is a Delaware corporation. We are a leading supplier of cutting-edge solar tracker systems across the world, backed by exclusive software and value-added technical services. Our goal is to assist promote the continuous development and widespread use of solar power by offering distinctive goods, programs, and services that optimize energy production and cost savings for our clients. By repositioning solar panels during the day to maintain the best orientation in relation to the sun, trackers dramatically enhance the quantity of solar energy generated at a solar installation. Currently, our tracker systems are sold under the Voyager brand. Voyager is a single-axis, two-panel, next-generation tracker system.
We currently provide software and tracking solutions to current and potential clients in the United States, Asia, the Middle East, North Africa, South Africa, and Australia. We also aim to continue growing our global footprint in Latin America, New Zealand, and Europe. These markets are for utility-scale solar energy. Our Voyager tracking system, which offers several benefits to our clients, is constructed on a self-powered, two-panel in-portrait design using a 60-meter independent row architecture.
Project developers, owners of solar assets, and engineering, procurement, and construction ("EPC") companies that create solar energy projects are a few of our clients.
Voyager Tracker and customized components of Voyager Tracker, individual components of Voyager Tracker for certain specific transactions, shipping and handling services, term-based software licenses, maintenance and support services for the term-based software licenses, and subscription services are the main sources of our current revenue.
In our consolidated financial statements, we include revenue from both products and services. Sales of Voyager Tracker and its customized components, individual parts for particular specialized transactions, and term-based software licensing sales all contribute to product income. Income from shipping and handling, licensing subscription fees, and maintenance and support services related to term-based software are all examples of service revenue.
Company Address: 10900 Stonelake Blvd Austin 78759 TX
Company Phone Number: 481-4271 Stock Exchange / Ticker: NASDAQ FTCI
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1.1% 
130.62 %