FTC Solar (FTCI) Intangibles (2021 - 2024)
FTC Solar's (FTCI) quarterly Intangibles came in at $2.0 million in Q4 2024, down 21.17% YoY from $2.6 million in Q1 2024, and up 1370.07% on a QoQ basis from $137000.0 in Q3 2024.
FTC Solar (FTCI) Intangibles (2021 - 2024) Analysis & Trends
FTC Solar (FTCI) has 4 years of Intangibles data on file, last reported at $2.0 million in Q4 2024.
- Quarterly Intangibles fell 21.17% year-over-year to $2.0 million in Q4 2024, while the trailing twelve-month figure through Dec 2024 was $2.0 million (down 21.17% YoY) and the FY2024 annual result came in at $2.0 million, down 21.17% from the prior year.
- Intangibles climbed to $2.0 million in Q4 2024, from $137000.0 in the prior quarter.
- In the past five years, Intangibles ranged from a high of $2.6 million in Q4 2022 to a low of $137000.0 in Q3 2024.
- A 4-year average of $1.2 million and a median of $1.1 million in 2021 frame the typical range for Intangibles.
- Annual changes were most pronounced in 2022 — Intangibles surged 115.92% — and 2024, when it slumped 79.15%.
- Tracing FTCI's Intangibles over 4 years: stood at $1.2 million in 2021, then surged by 115.92% to $2.6 million in 2022, then decreased by 1.39% to $2.6 million in 2023, then decreased by 21.17% to $2.0 million in 2024.
- The last three Intangibles figures came in at $2.0 million (Q4 2024), $137000.0 (Q3 2024), and $264000.0 (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 63.37 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 80.64 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 13.08 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 5.78 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 29.71 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 98.15 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | 310.08 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 212.47 Mn |
| 10 | FTC Solar | 34.18 Mn | 23.11 Mn | -2.23 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 2.01 Mn |
| Sep 30, 2024 | 137,000.00 |
| Jun 30, 2024 | 264,000.00 |
| Mar 31, 2024 | 399,000.00 |
| Dec 31, 2023 | 2.56 Mn |
| Sep 30, 2023 | 657,000.00 |
| Jun 30, 2023 | 792,000.00 |
| Mar 31, 2023 | 977,000.00 |
| Dec 31, 2022 | 2.59 Mn |
| Sep 30, 2022 | 1.22 Mn |
| Jun 30, 2022 | 1.43 Mn |
| Dec 31, 2021 | 1.20 Mn |