Complete Solaria Inc ( (SPWR) ) has released its Q1 earnings. Here is a breakdown of the information Complete Solaria Inc presented to its investors.
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SunPower, formerly known as Complete Solaria Inc, is a prominent player in the solar technology and services industry, focusing on solar installations and energy solutions for residential customers in North America. The company recently rebranded and is listed on Nasdaq under the ticker SPWR.
In its latest earnings report, SunPower announced a significant milestone by achieving its first profitable quarter in four years, with a reported revenue of $80.2 million and a profit of $1.3 million for Q1 2025. This achievement comes shortly after the company’s rebranding and asset purchase from SunPower.
Key financial highlights include a gross margin of 36% and a slight increase in cash balance to $14 million. The company has also undergone significant restructuring, reducing its workforce from 3,499 to 906 employees, which has contributed to its improved financial performance. Additionally, SunPower has strengthened its leadership team with strategic hires and partnerships, including a collaboration with Sunder, a solar sales firm.
Looking ahead, SunPower’s management remains optimistic, forecasting steady revenue and continued profitability in the upcoming quarters. The company plans to provide more detailed growth plans and forecasts during its upcoming annual meeting in May.