Tigo Energy Q4 revenue down 70% YoY to $9.2M; net loss $14.8M vs income $0.9M

TIGO ENERGY, INC.

2023-FY EPS reported -$0.14 revenue$145,233,000

Revenue $9.2M in Q4 2023 vs $30.9M Q4 2022; gross margin 31.1% vs 32.2%.
Net loss $14.8M vs net income $0.9M; adjusted EBITDA loss $11.6M vs EBITDA $2.7M.
Full year 2023 revenue up 78.6% to $145.2M; net loss narrowed to $1.0M from $7.0M.
Cash and equivalents $33.2M at Dec 31, 2023.
Q1 2024 guidance: revenue $9-14M; adjusted EBITDA loss $8-12M.

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