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Stock impact report

Tigo Energy Inc (TYGO) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Growth [Yahoo! Finance]

Tigo Energy, Inc. (TYGO) 
Company Research Source: Yahoo! Finance
Gross Profit: $1.8 million, representing 12.5% of revenue. Operating Expenses: $12.2 million, a decline of 20.7% year-over-year. Operating Loss: $10.4 million, a decrease of 7.2% year-over-year. GAAP Net Loss: $13.1 million for Q3 2024. Adjusted EBITDA Loss: $8.3 million, a decrease of 12.7% year-over-year. Cash and Equivalents: $19.5 million as of September 30, 2024. Accounts Receivable: Increased to $8.8 million from $6.9 million last quarter. Inventory: Decreased by $4.5 million to $46.8 million. Q4 2024 Revenue Guidance: Expected to range between $14 million and $17 million. Q4 2024 Adjusted EBITDA Loss Guidance: Expected to range between $6.5 million and $8.5 million. Warning! GuruFocus has detected 4 Warning Signs with TYGO. Release Date: November 06, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Tigo Energy Inc ( NASDAQ:TYGO ) experienced increased quarterly revenue growth in each of the last Show less Read more
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