TYGO Earnings Prediction
The chart below shows how TYGO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TYGO sees a +7.14% change in stock price 10 days leading up to the earnings, and a -4.54% change 10 days following the report. On the earnings day itself, the stock moves by +2.48%. This data can give you a slight idea of what to expect for the next quarter's release.
TYGO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.24M
-16.76%
12.09%
Gross Margin
12.46%
-48.75%
-59.08%
Operating Margin
-73.17%
10.53%
10.60%
Net Margin
-92.13%
-154.23%
3.37%
EPS
-0.22
-144.00%
15.79%
No Data Available
TYGO Earnings Analysis
Tigo Energy, Inc. Common Stock Corporation (TYGO.O) Earnings Conference Call
Positive
Quarterly Revenue Growth: Tigo experienced increased quarterly revenue growth in each of the last three quarters of 2024, benefiting from improved conditions in the solar industry.
Market Share Increase: Tigo's global DC optimizer market share increased from 9% in 2022 to 13% in 2023, indicating strong competitive positioning.
Operational Achievements in Brazil: The company successfully delivered over 97,000 MLP units for Brazil's largest floating system, showcasing significant operational achievements.
New Contracts Boost Revenue: Tigo signed six new contracts with a total multi-year contract value of $700,000, enhancing its recurring revenue stream.
EBITDA Loss Reduction: The adjusted EBITDA loss for the third quarter of 2024 decreased by 12.7% to $8.3 million compared to an adjusted EBITDA loss of $9.5 million in the prior year period.
Negative
Third Quarter Revenue Decline: Revenue for the third quarter of 2024 decreased 16.8% to $14.2 million from $17.1 million in the prior year period.
Operating Loss Reduction: Operating loss for the third quarter decreased by 7.2% to $10.4 million compared to $11.2 million in the prior year period.
Quarterly Net Loss: GAAP net loss for the third quarter was $13.1 million compared to a net income of $29.1 million in the prior year period.
EBITDA Loss Reduction: Adjusted EBITDA loss for the third quarter decreased 12.7% to $8.3 million compared to an adjusted EBITDA loss of $9.5 million in the prior year period.
Inventory Charge Impact: The year-over-year decline was primarily due to an inventory charge of $3.4 million, primarily for battery inventory.
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TYGO Earning Call Sentiment
Tigo Energy, Inc. (TYGO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TYGO.O
-5.02%Positive
The earnings call reveals a mix of challenges, including a significant revenue decline, operating losses, and competitive pressures. Despite a slight sequential revenue increase, the year-over-year decline and inventory charges suggest financial struggles. Management's inability to provide clear guidance on EBITDA breakeven and ongoing regulatory challenges add uncertainty. The absence of a share repurchase program and weak financial health indicators further contribute to a negative sentiment. The Q&A session did not provide additional positive insights, reinforcing the negative outlook.
