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Complete Solaria (CSLR)
NASDAQ:CSLR
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2023
|% Change Since: 4.35%
|Next Earnings Date:Aug 22, 2023
Earnings Call Sentiment|Neutral
The earnings call reflects a company undergoing significant transformation with successful acquisition and integration, substantial revenue growth, and effective cost reductions. However, challenges such as the quarterly loss, underperformance of the dealer division, and broader market instability temper the positive achievements.Company Guidance
During the Complete Solar earnings call for Q4 2024, key metrics and guidance were provided by the executives. The company reported revenue of $81.1 million for the quarter, slightly below the earlier projection of $100 million, with a gross margin of 37%. Operating expenses were significantly reduced from $94 million in Q3 to $35 million in Q4, with further reductions planned. The company achieved a non-GAAP operating expense of $20 million in Q4, down from $84 million in Q3. Complete Solar is forecasting a revenue of $82 million for Q1 2025 and aims for operating income breakeven, with a projected profit margin of $800,000. The company has aggressively cut its workforce from 3,499 to 1,140, with a target of 980 employees. Additionally, cash reserves bottomed out at $13 million from an initial $80 million raised for the SunPower acquisition, but are expected to increase in the coming quarter.Successful Acquisition and Integration
Complete Solar successfully acquired SunPower assets for $45 million, integrating significantly larger company operations and reducing headcount from 3,499 to 1,140, with a target of 980.
Revenue Growth and Forecast
Achieved Q4 2024 revenue of $81.1 million, up from $5 million in the previous quarter. Forecasting revenue growth to $82 million in Q1 2025.
Operating Expense Reduction
Reduced operating expenses from $94 million in Q3 to $35 million in Q4, with a further 30% reduction planned.
Positive Outlook for Breakeven
Forecasting operating income breakeven in Q1 2025, with anticipated operating income at $800,000.
Employee Recognition
Board awarded a $1.14 million bonus to employees for Q4 performance, recognizing their efforts in achieving company goals.
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CSLR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CSLR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 21, 2025 | $1.61 | $1.85 | +14.91% |
| Nov 14, 2024 | $1.85 | $2.24 | +21.08% |
| Aug 14, 2024 | $1.60 | $1.62 | +1.25% |
| May 02, 2024 | $0.62 | $0.69 | +11.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Complete Solaria (CSLR) report earnings?
Complete Solaria (CSLR) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Complete Solaria (CSLR) earnings time?
Complete Solaria (CSLR) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSLR EPS forecast?
CSLR EPS forecast for the fiscal quarter 2025 (Q1) is -0.21.
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