8-K
filed November 7, 2023, 6:59 PM ET
ticker TYGO
CIK 0001855447
earnings
confidence high
sentiment negative
materiality 0.70
Tigo Energy Reports Q3 2023 Revenue of $17.1M and Net Income of $29.1M; Provides Q4 Guidance
TIGO ENERGY, INC.
2023-Q3 EPS reported
$0.04
revenue$135,988,000
- Third quarter 2023 revenue of $17.1 million, down 25.1% compared to $22.8 million in Q3 2022.
- Net income of $29.1 million included a $50.5 million mark-to-market benefit from convertible note conversion feature amendment.
- Adjusted EBITDA loss of $9.5 million, compared to adjusted EBITDA of $0.4 million in the prior year period.
- Record MLPE monitoring registrations despite shipment delays; EMEA channel inventories at ~6 months of demand.
- Fourth quarter 2023 guidance: revenue $15-$20 million, adjusted EBITDA loss $8-$12 million.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TIGO ENERGY, INC. reported the nine months ended September 30, 2023 results: revenue $136.0 million, net income $13.8 million. Guidance reaffirmed.
- Period
- the nine months ended September 30, 2023
- Revenue
- $136.0 million
- Net income
- $13.8 million
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Third Quarter and First Nine Months 2023 Revenue Totaled $17.1 Million and $136.0 Million, Respectively
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TIGO ENERGY, INC. reported the third quarter ended September 30, 2023 results: revenue $17.1 million, net income $29.1 million. Guidance reaffirmed.
- Period
- the third quarter ended September 30, 2023
- Revenue
- $17.1 million
- Net income
- $29.1 million
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
INC., DATED NOVEMBER 7, 2023 Exhibit 99.1 Tigo Energy Reports Third Quarter and First Nine Months 2023 Financial Results Third Quarter and First Nine Months 2023 Revenue Totaled $17.1 Million and $136.0 Million, Respectively CAMPBELL, Calif. – November 7, 2023 – Tigo Energy, Inc. (“Tigo”, or the “Company”) , a leading provider of intelligent solar and energy storage
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
TIGO ENERGY, INC. reported the fourth quarter ending December 31, 2023 results: revenue Revenues are expected to be within the range of $15 million to $20 million.. Guidance initiated.
- Period
- the fourth quarter ending December 31, 2023
- Revenue
- Revenues are expected to be within the range of $15 million to $20 million.
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
The Company also provides guidance for the fourth quarter ending December 31, 2023 as follows: ● Revenues are expected to be within the range of $15 million to $20 million.
View on SEC.gov
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