Tigo Energy Q4 2024 revenue $17.3M (+86.8% YoY) but net loss $26.8M on $19.5M inventory charge

TIGO ENERGY, INC.

2024-FY EPS reported -$1.04 revenue$54,014,000

Q4 revenue $17.3M, up 21.3% QoQ and 86.8% YoY; full-year 2024 revenue $54.0M, down 62.8% YoY.
Q4 net loss $26.8M includes $19.5M inventory charge for GO ESS storage vs net loss $14.8M in Q4 2023.
Full year 2024 net loss $62.7M vs $1.0M in 2023; adjusted EBITDA loss $43.1M vs positive $1.0M.
Cash $19.9M at Dec 31, 2024, up $0.4M sequentially; Q1 2025 guidance rev $17-19M, adj EBITDA loss $2.5-4.5M.
Full year 2025 revenue outlook $85-100M; company aims for profitability progress on non-GAAP basis.

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