---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-003325"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:34:19.855171+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TPI Composites Q1 net loss widens to $29.9M; revenue down 5% YoY

## Summary
- Net sales $384.9M, down 4.9% YoY; net loss to common $29.9M vs loss $1.8M YoY (diluted EPS -$0.71 vs -$0.05).
- Adjusted EBITDA $6.1M, margin 1.6%, down from $13.1M and 3.2% in Q1 2021.
- Blade sets produced 602, down 26% YoY; utilization 65% vs 77%.
- Reiterates 2022 guidance: 43 lines, 3,710 set capacity, util 80-85%, avg price $170k-$180k per blade, capex $25-30M.
- Cash and equivalents $130.9M, down $111M from year-end; net cash $79.2M vs $167.5M.

## SEC filing metadata
- accession: 0001171843-22-003325
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455684/000117184322003325/0001171843-22-003325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184322003325/f8k_050522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-003325
- JSON: https://secwatch.observer/filing/0001171843-22-003325.json
- Plain text: https://secwatch.observer/filing/0001171843-22-003325.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.