Tigo Energy Q2 revenue $68.8M (+290% YoY); Q3 guidance $41-45M revenue, $1-3M adj. EBITDA

TIGO ENERGY, INC.

2023-Q2 EPS reported -$1.09 revenue$118,884,000

Record Q2 revenue of $68.8M, up 290% YoY; gross margin improved to 37.6% from 31.4%.
Net loss of $22.2M vs $0.2M net income a year ago, including $38.3M mark-to-market loss on convertible note.
Adjusted EBITDA $13.6M, up from $0.8M in Q2 2022.
Q3 guidance: revenue $41-45M, adjusted EBITDA $1-3M, signaling sharp sequential decline.
Cash and equivalents $62.0M at June 30, 2023.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TIGO ENERGY, INC. reported second quarter ended June 30, 2023 results: revenue $68.8 million, net income Net loss of $22.2 million. Guidance initiated.

Period: second quarter ended June 30, 2023
Revenue: $68.8 million
Net income: Net loss of $22.2 million
Guidance: initiated
Result: reported results

Exact text from the filing

DATED AUGUST 8, 2023 Exhibit 99.1 Tigo Energy Reports Record Revenues and Gross Profit For Second Quarter 2023 2023 Year-over-Year Quarterly and First Half Revenue Increased to $68.8 Million and to $118.9 Million, Respectively Gross Profit of $25.9 million, or 37.6% of Revenues CAMPBELL, Calif. – August 8, 2023 – Tigo Energy, Inc. (“Tigo”, or the “Company”) , a

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Source: SEC EDGAR

accession 0001213900-23-064542

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