Tigo Energy Reports Third Quarter 2024 Financial Results
Tigo Energy, Inc. (TYGO)
Company Research
Source: Business Wire
CAMPBELL, Calif.--(BUSINESS WIRE)--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 third quarter ended September 30, 2024 and financial guidance for the fourth quarter ending December 31, 2024.Recent Financial and Operational HighlightsQuarterly revenue of $14.2 millionGAAP gross margin of 12.5%GAAP operating loss of $10.4 millionGAAP net loss of $13.1 millionAdjusted EBITDA loss of $8.3 millionCash, cash equivalents, and marketable securities of $19.5 millionShipped 403,000 MLPE, or approximately 202 MWdc assuming an average panel size of 500WSelected to deliver more than 97,000 optimizers, including TS4-X-O’s, for Brazil’s largest floating solar plant projectTotal Predict+ meters under management grew to 62,000 and 6 new Predict+ agreements with a multi-year contract value of $0.7 million were signed during the quarterAnnounced a partnership to de
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- Tigo Energy Prevails in Patent Dispute with SMA, Further Bolstering Intellectual Property Position [Yahoo! Finance]Yahoo! Finance
- Tigo Energy Prevails in Patent Dispute with SMA, Further Bolstering Intellectual Property PositionBusiness Wire
TYGO
Earnings
- 11/6/24 - Miss
TYGO
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- 11/6/24 - Form 8-K
- TYGO's page on the SEC website