secwatch.observer — SEC 8-K summary
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Issuer:     TIGO ENERGY, INC. (TYGO)
CIK:        0001855447
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001213900-24-094991
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tigo Energy Q3 revenue $14.2M (-16.8% YoY); GAAP net loss $13.1M; guides Q4 rev $14-17M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855447/000121390024094991/0001213900-24-094991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855447/000121390024094991/ea0220217-8k_tigo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-094991

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer