MAXN Earnings Prediction
The chart below shows how MAXN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MAXN sees a -3.87% change in stock price 10 days leading up to the earnings, and a -5.43% change 10 days following the report. On the earnings day itself, the stock moves by -0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
MAXN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
187.46M
-41.11%
--
Gross Margin
-7.93%
-147.06%
--
Operating Margin
-32.27%
-991.44%
--
Net Margin
-42.79%
-767.55%
--
EPS
-1.59
-518.42%
--
No Data Available
MAXN Earnings Analysis
Maxeon Solar Technologies, Ltd. Corporation (MAXN.O) Earnings Conference Call
Positive
- Positive:
- The negotiation of commitments for significant liquidity support from the largest shareholder, TZE, demonstrates confidence in the company's future prospects and provides a financial lifeline to address cash flow challenges.
- Successful restructuring of the 2025 convertible bonds with the majority expected to be converted into equity will strengthen the company's balance sheet and potentially improve financial stability.
- The commitment of significant equity investment by TZE and other bondholders will provide essential funding to stabilize the balance sheet and allow management to focus on returning the business to profitability.
- The launch of domestic manufacturing in Albuquerque, New Mexico, is a positive step towards reducing costs and enhancing profitability.
- Continued progress in launching Maxeon's first storage product and gaining traction with Elite dealers in Italy reflects potential growth opportunities beyond traditional solar panel sales.
- Initiating patent infringement cases to monetize TopCon intellectual property through licensing arrangements demonstrates a proactive approach to protecting and leveraging valuable technology assets.
Negative
- Negative: Significant cash flow challenge due to market dislocation, termination of supply agreement, delivery push outs, and peak of utility scale prepayment amortization
- Negative: Negotiated commitments for liquidity support resulting in substantial dilution for existing shareholders
- Negative: Utility scale project delays impacting production and cash generation capability
- Negative: Decline in volume and revenues in the first quarter of 2024
- Negative: Lower gross margin and profitability in DG business due to industry price erosion
- Negative: Negative adjusted EBITDA results over the past three quarters
- Negative: Increased inventory levels impacting cash flow
- Negative: Expects continued negative adjusted EBITDA and inventory adjustments in the second quarter
- Negative: Revised ramp schedule of Maxeon 7 to preserve cash and build US channel
- Negative: Expects lower utility scale volume in the back half of 2024 due to project delays
- Negative: Expects significant capital expenditures in 2024 to support transformation initiatives.
