Significant Revenue Growth
Revenue for the second quarter of 2025 increased by 89.4% year-over-year to $24.1 million, marking the sixth consecutive quarter of revenue growth.
Positive Adjusted EBITDA
Reported $1.1 million in positive adjusted EBITDA, a significant improvement from an adjusted EBITDA loss of $6.4 million in the prior year period.
Increased Market Share
Achieved increased market share with 646,000 units shipped, representing 477 megawatts of MLPE, contributing to sequential and year-over-year growth.
Strong Gross Profit Margin
Gross profit for the second quarter was $10.8 million, or 44.7% of revenue, up from 30.4% in the prior year period, aided by the sale of reserved GO ESS inventory.
Improved Financial Guidance
Raised full-year 2025 financial outlook, with expected revenue between $100 million and $105 million, and adjusted EBITDA for Q3 expected to be between $2 million and $4 million.