earnings
confidence high
sentiment negative
materiality 0.75
Tigo Energy Q3 revenue $14.2M (-16.8% YoY); GAAP net loss $13.1M; guides Q4 rev $14-17M
TIGO ENERGY, INC.
2024-Q3 EPS reported
-$0.60
revenue$36,740,000
- Revenue $14.2M, down 16.8% YoY from $17.1M; sequential growth 12.1%.
- GAAP gross margin 12.5% (incl. $3.4M inventory charge); GAAP net loss $13.1M; adj. EBITDA loss $8.3M.
- Shipped 403K MLPE (~202 MWdc); won 97K optimizer order for Brazil's largest floating solar plant.
- Predict+ meters under management 62,000; signed 6 new contracts with multi-year value of $0.7M.
- Anita Chang returned as COO; Q4 guidance: rev $14-17M, adj. EBITDA loss $6.5-8.5M.