TIGO ENERGY, INC.TYGOEarnings & Financial Report
Tigo Energy is an American private corporation, headquartered in Los Gatos, California, United States. It provides products, technologies, software, and services to installers, distributors, and original equipment manufacturers within the photovoltaic industry. It specializes in module-level power optimizers and smart module power electronics.
Revenue
$22.8B
Gross Profit
$6.6M
Operating Profit
$-2.1M
Net Profit
$-2.4M
Gross Margin
0.0%
Operating Margin
-0.0%
Net Margin
-0.0%
YoY Growth
N/A
EPS
$-0.92
TIGO ENERGY, INC. Q3 FY2022 Financial Summary
TIGO ENERGY, INC. reported revenue of $22.8B for Q3 FY2022, with a net profit of $-2.4M (down 1788.9% YoY) (-0.0% margin). Cost of goods sold was $22.8B, operating expenses totaled $8.7M.
Key Financial Metrics
| Total Revenue | $22.8B |
|---|---|
| Net Profit | $-2.4M |
| Gross Margin | 0.0% |
| Operating Margin | -0.0% |
| Report Period | Q3 FY2022 |
TIGO ENERGY, INC. Annual Revenue by Year
TIGO ENERGY, INC. annual revenue history includes year-by-year totals (for example, 2023 revenue was $145.2B).
| Year | Annual Revenue |
|---|---|
| 2023 | $145.2B |
TIGO ENERGY, INC. Quarterly Revenue & Net Profit History
TIGO ENERGY, INC. results over the last 6 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2023 | $9.2B | — | N/A | N/A |
| Q3 FY2023 | $17.1B | -25.1% | $29.1M | 0.2% |
| Q2 FY2023 | $68.8B | +290.2% | $-22.2M | -0.0% |
| Q1 FY2023 | $50.1B | — | $6.9M | 0.0% |
| Q3 FY2022 | $22.8B | — | $-2.4M | -0.0% |
| Q2 FY2022 | $17.6B | — | $178.0K | 0.0% |
Income Statement
| Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|
| Revenue | $17.64B | $22.82B | $50.06B | $68.83B | $17.10B | $9.24B |
| YoY Growth | N/A | N/A | N/A | 290.2% | -25.1% | N/A |
Balance Sheet
| Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|
| Assets | $117.5M | $117.9M | $24.9M | $195.1M | $143.1M | $127.8M |
| Liabilities | $117116 | $246635 | $1.3M | $164.7M | $67.3M | $65.0M |
| Equity | $-55.3M | $-57.3M | $-38.2M | $30.4M | $75.8M | $62.8M |
Cash Flow
| Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|
| Operating CF | $-6.1M | $-6.8M | $-5.1M | $153000 | $-24.4M | $-37.2M |