Tigo Energy(TYGO)

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Tigo Energy, Inc. (TYGO) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-06 23:10
Tigo Energy, Inc. (TYGO) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.44, delivering a surprise of -144.44%.Over the last four quarters, the company has surp ...
Tigo Energy(TYGO) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Tigo Energy (TYGO) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Good afternoon. Welcome to TIGO Energy's Fiscal First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Joining us are today from Svi Alon, CEO, and Bill Rauschlein, CFO. As a reminder, this call is being recorded. I would now like to turn the call over to Bill Rauschlein, chief financial officer ...
Tigo Energy(TYGO) - 2025 Q1 - Quarterly Results
2025-05-06 20:17
Exhibit 99.1 Tigo Energy Reports First Quarter 2025 Financial Results CAMPBELL, Calif. – May 6, 2025 – Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the first quarter ended March 31, 2025, financial guidance for the second quarter ending June 30, 2025 and a full year 2025 outlook. Recent Financial and Operational Highlights Management Commentary "We are pleased to report our fi ...
Tigo Energy(TYGO) - 2025 Q1 - Quarterly Report
2025-05-06 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40710 Tigo Energy, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 83-3583873 (State or other ju ...
Tigo Energy(TYGO) - 2024 Q4 - Annual Report
2025-03-20 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40710 Tigo Energy, Inc. (Exact name of Registrant as specified in its Charter) Delaware 83-3583873 (State or other jurisdiction of in ...
Tigo Energy, Inc. (TYGO) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2025-02-11 23:46
Tigo Energy, Inc. (TYGO) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -144.44%. A quarter ago, it was expected that this company would post a loss of $0.17 per share when it actually produced a loss of $0.22, delivering a surprise of -29.41%.Over the last four quarters, the company has sur ...
Tigo Energy(TYGO) - 2024 Q4 - Earnings Call Transcript
2025-02-11 23:11
Financial Data and Key Metrics Changes - Revenue for Q4 2024 increased 86.8% to $17.3 million from $9.2 million in the prior year period, with a sequential increase of 21.3% [15][16] - Gross loss in Q4 2024 was $12.6 million or negative 72.7% of revenue, compared to a gross profit of $2.9 million or 31.1% of revenue in the comparable year-ago period [16][18] - Operating loss for Q4 increased by 77.9% to $24.1 million compared to $13.5 million in the prior year period [18] - GAAP net loss for Q4 was $26.8 million compared to a net loss of $14.8 million in the prior year period [18] - Adjusted EBITDA loss in Q4 increased 90.4% to $22.1 million compared to an adjusted EBITDA loss of $11.6 million in the prior year period [19] Business Line Data and Key Metrics Changes - The Go ESS storage and solutions business represented 6% of total sales in 2024, down from 9% in the prior year, indicating underperformance in recovery [13][14] - Annual recurring revenue (ARR) now stands above $1 million per year, with expectations for continued growth in 2025 [12] Market Data and Key Metrics Changes - EMEA revenue was $11.2 million or 65% of total revenues, with a 29.3% sequential increase [16] - Americas revenue was $4.6 million or 27% of total revenues, a 57.2% sequential increase [16] - APAC revenue was $1.5 million or 9% of total revenues, showing a decline of 44% sequentially [16] Company Strategy and Development Direction - The company aims to expand its sales footprint into new markets and focus on key markets, particularly in EMEA and the Americas [9][10] - The Predict Plus AI-based energy consumption and production platform has grown significantly, indicating a strategic focus on AI solutions [11] - The company anticipates steady revenue growth throughout 2025, despite industry headwinds [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market pressures due to a diverse portfolio of solutions [24] - The company expects quarterly revenues to continue improving throughout 2025, with a focus on profitability in the second half of the year [25][38] Other Important Information - Cash, cash equivalents, and short and long-term marketable securities totaled $19.9 million at December 31, 2024, with a sequential increase of $400,000 [21] - The company has made significant progress in reducing inventory and working capital [21] Q&A Session Summary Question: Adjusted EBITDA and inventory charge - The adjusted EBITDA guidance reflected an expectation of additional inventory reserves, which ended up being higher than initially anticipated [31][32] Question: Operating expenses and fiscal 2025 guidance - The company aims to keep cash operating expenses below $10 million, with expectations for further reductions after Q1 [35][36] Question: Geographic revenue mix for 2025 - The company expects the geographic mix to remain similar, with EMEA around 65% and North America around 30% [42][43] Question: Outlook for Germany and other EMEA countries - Management sees a robust market in Germany and strong performance in the UK, despite external forecasts suggesting declines [48][49] Question: Pairing products with Tesla's Powerwall - The company has seen increased requests to pair its optimizers with Tesla's Powerwall, indicating a potential growth opportunity [51][52] Question: Utility-scale solar growth - The company has seen an increase in demand for utility-scale installations, which is becoming a more significant component of its business [60][61] Question: Gross margins and product mix - The company expects gross margins to track between 35% and 40%, with improvements driven by cost reductions and product mix [69][70] Question: Impact of tariffs on margins - The company has moved production to Thailand and has not received indications that its products would be targeted by tariffs [75]
Tigo Energy(TYGO) - 2024 Q4 - Annual Results
2025-02-11 21:11
Exhibit 99.1 CAMPBELL, Calif. – February 11, 2025 – Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the fourth quarter and full year ended December 31, 2024, financial guidance for the first quarter ending March 31, 2025, and a full year 2025 outlook. Recent Financial and Operational Highlights Tigo Energy Reports Fourth Quarter and Full Year 2024 Financial Results Management Com ...
Tigo Energy(TYGO) - 2024 Q3 - Earnings Call Transcript
2024-11-09 12:30
Tigo Energy, Inc. (NASDAQ:TYGO) Q3 2024 Earnings Conference Call November 6, 2024 4:30 PM ET Company Participants Zvi Alon - Chief Executive Officer Bill Roeschlein - Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners Eric Stine - Craig-Hallum Capital Group Sameer Joshi - H.C. Wainwright Operator Good afternoon. Welcome to Tigo Energy's Fiscal Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Joining us today for Tigo is Zvi Alon, CEO; and Bill Roesch ...
Tigo Energy, Inc. (TYGO) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-11-07 00:21
Tigo Energy, Inc. (TYGO) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -29.41%. A quarter ago, it was expected that this company would post a loss of $0.17 per share when it actually produced a loss of $0.19, delivering a surprise of -11.76%.Over the last four quarters, the company has surp ...