earnings
confidence high
sentiment negative
materiality 0.80
Tigo Energy Q2 revenue down 81.5% YoY to $12.7M; net loss $11.3M
TIGO ENERGY, INC.
2024-Q2 EPS reported
-$0.38
revenue$22,503,000
- Revenue $12.7M, down 81.5% YoY from $68.8M; up 29.6% sequentially.
- GAAP net loss $11.3M, improved from $22.2M loss a year ago.
- Adjusted EBITDA loss $6.4M, compared to +$13.6M in Q2 2023.
- Cash and equivalents $20.2M; sequential decline of $1.8M.
- Q3 2024 guidance: revenue $13-16M, adjusted EBITDA loss $6.5-8.5M.