How did FTC Solar's revenue and expenses trend in Q4 2024?

FTC Solar's revenue and expenses in Q4 2024 showed a significant decline in revenue and a slight increase in expenses compared to the previous quarter: 1. **Revenue Trend**: The revenue for FTC Solar in Q4 2024 was $37.52 million, which is a substantial decrease from the previous quarter's revenue of $68.46 million. This indicates a sharp decline in the company's earnings during this period. 2. **Expense Trend**: The operating expenses remained relatively stable at $1.47 million, which is a slight increase from the previous quarter's expenses of $1.26 million. However, the R&D expenses and sales and marketing expenses were not provided for the previous quarter, making it difficult to compare these specific expense categories. 3. **Net Income**: The company reported a net loss of $12.24 million in Q4 2024, which is an improvement from the previous quarter's net loss of $15.6 million. This suggests that while the company is still incurring significant losses, the situation is improving. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |FTCI|FTCI.O|FTC Solar|20240101-2024|Service|9835000|186| |FTCI|FTCI.O|FTC Solar|20240101-2024|Service|7061000|186| |FTCI|FTCI.O|FTC Solar|20240101-2024|Service|4336000|186| |FTCI|FTCI.O|FTC Solar|20240101-2024|Service|1682000|186| |FTCI|FTCI.O|FTC Solar|20240101-2024|Product|1.0905E7|186| |FTCI|FTCI.O|FTC Solar|20240101-2024|Service|1682000|186| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |FTCI|FTCI.O|FTC Solar|2024 Q1|25.42934875021255|-8771000|186| |FTCI|FTCI.O|FTC Solar|2024 Q2|-17.543691184943345|-1.2241E7|186| |FTCI|FTCI.O|FTC Solar|2024 Q3|9.316880203105626|-1.5359E7|186| |FTCI|FTCI.O|FTC Solar|2024 Q4|-9.465867406280754|-1.2235E7|186| |code|Ticker|Name|Date|R&D Expenses|Operating Expenses|Advertising and Marketing Expenses|market_code| |---|---|---|---|---|---|---|---| |FTCI|FTCI.O|FTC Solar|2024 Q1|1439000|||186| |FTCI|FTCI.O|FTC Solar|2024 Q2|1535000|||186| |FTCI|FTCI.O|FTC Solar|2024 Q3|1467000|||186| |FTCI|FTCI.O|FTC Solar|2024 Q4|1474000|||186|