Tigo Energy Q1 revenue $9.8M, down 80% YoY; net loss $11.5M; Q2 guidance $12-16M revenue

TIGO ENERGY, INC.

2024-Q1 EPS reported -$0.19 revenue$9,802,000

Q1 revenue $9.8M, down 80.4% YoY from $50.1M; GAAP net loss $11.5M vs net income $6.9M YoY.
Adjusted EBITDA loss $6.3M vs positive $8.6M YoY; cash and equivalents $21.9M at quarter end.
Q2 2024 guidance: revenue $12-16M; adjusted EBITDA loss $5.5-8M.
Launched TS4-X MLPE family for high-current panels; GO EV Charger for Italy.
Management sees recovery in H2 2024; cash break-even at $17-19M quarterly revenue.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TIGO ENERGY, INC. reported second quarter ending June 30, 2024 results: revenue $12.0 million to $16.0 million. Guidance initiated.

Period: second quarter ending June 30, 2024
Revenue: $12.0 million to $16.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Revenues are expected to be within the range of $12.0 million to $16.0 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TIGO ENERGY, INC. reported first quarter ended March 31, 2024 results: revenue $9.8 million, net income $11.5 million.

Period: first quarter ended March 31, 2024
Revenue: $9.8 million
Net income: $11.5 million
Result: reported results

Exact text from the filing

the first quarter ended March 31, 2024 and financial guidance for the second quarter ending June 30, 2024. Recent Financial and Operational Highlights ● Quarterly revenue of $9.8 million ● GAAP gross margin of 28.2% ● GAAP operating loss of $9.1 million ● GAAP net loss of $11.5 million ● Adjusted EBITDA loss of $6.3 million ● Shipped 249,000 MLPE, or

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Source: SEC EDGAR

accession 0001213900-24-042942

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