FTC Solar (FTCI) Intangibles (2021 - 2024)
FTC Solar's (FTCI) quarterly Intangibles came in at $2.0 million in Q4 2024, down 21.17% on a YoY basis from $2.6 million in Q1 2024, and up 1370.07% quarter-over-quarter from $137000.0 in Q3 2024.
Analysis
FTC Solar (FTCI) Intangibles (2021 - 2024) Analysis & Trends
FTC Solar (FTCI) has reported Intangibles for 4 consecutive years, with $2.0 million the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Intangibles fell 21.17% year-over-year to $2.0 million; the trailing twelve-month figure through Dec 2024 stood at $2.0 million (down 21.17% YoY), and the FY2024 full-year result was $2.0 million, down 21.17% from the prior year.
- Intangibles grew to $2.0 million in Q4 2024 per FTCI's latest filing, from $137000.0 in the prior quarter.
- Across five years, Intangibles topped out at $2.6 million in Q4 2022 and bottomed at $137000.0 in Q3 2024.
- Historically, Intangibles has averaged $1.2 million across 4 years, with a median of $1.1 million in 2021.
- The sharpest annual moves came in 2022 and 2024: Intangibles soared 115.92% in 2022, then tumbled 79.15% in 2024.
- Over 4 years, Intangibles stood at $1.2 million in 2021, then jumped by 115.92% to $2.6 million in 2022, then dropped by 1.39% to $2.6 million in 2023, then dropped by 21.17% to $2.0 million in 2024.
- According to Business Quant data, Intangibles over the past three periods registered $2.0 million, $137000.0, and $264000.0 for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 63.37 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 80.64 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 13.08 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 5.78 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 157.78 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 29.71 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 29.81 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 212.47 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 296.88 Mn |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | - |
Historic Data
Download Data
Historic 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 |