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Tigo Energy (TYGO)
NASDAQ:TYGO
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.25Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2023
|% Change Since: -16.52%
|Next Earnings Date:Aug 08, 2023
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were significant achievements in market share growth, new contracts, and expansion into new regions, these were offset by declines in revenue, profit, and a significant net loss. The company is optimistic about future growth and profitability, but current financial challenges are evident.Company Guidance
During Tigo Energy's Q3 2024 earnings call, guidance for the fourth quarter of 2024 included expectations for revenue to range between $14 million and $17 million, with an adjusted EBITDA loss projected to be between $6.5 million and $8.5 million. The company highlighted improved revenue growth, noting a sequential increase of 12.1% in the third quarter, driven by strong sales in regions such as the Czech Republic, Spain, and Australia. Tigo also indicated ongoing efforts to expand market share, with a notable increase in global DC optimizer market share from 9% in 2022 to 13% in 2023. The company remains optimistic about achieving profitable growth and reaching EBITDA breakeven in 2025, contingent on continued revenue growth and market conditions improving in key regions like Germany and Italy.Increased Market Share in DC Optimizer Market
Tigo's global DC optimizer market share increased from 9% in 2022 to 13% in 2023, indicating a gain in market share.
Successful Utility Scale Project in Brazil
Tigo was selected to deliver more than 97,000 MLP units for Brazil's largest floating system, showcasing the adoption of their newest TS4-X-O devices.
Growth in EI Software Solution
The Predict+ AI-based energy consumption and production platform grew to 62,000 meters under management with a total multiyear contract value of $700,000 from six new contracts.
Positive Sales Growth in New Markets
Sales growth was noted in the Czech Republic, Spain, the United Kingdom, Puerto Rico, Thailand, and Australia, helping offset sluggish growth in Germany, Italy, and Netherlands.
Returning COO
Anita Chang returned as Chief Operating Officer, bringing extensive experience and knowledge of supply chain operations.
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TYGO 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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TYGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $1.15 | $1.08 | -6.09% |
| Aug 06, 2024 | $1.44 | $1.27 | -11.81% |
| May 14, 2024 | $1.36 | $1.45 | +6.62% |
| Feb 13, 2024 | $1.39 | $1.68 | +20.86% |
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 Tigo Energy (TYGO) report earnings?
Tigo Energy (TYGO) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Tigo Energy (TYGO) earnings time?
Tigo Energy (TYGO) earnings time is at Feb 18, 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 TYGO EPS forecast?
TYGO EPS forecast for the fiscal quarter 2024 (Q4) is -0.16.
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