Tigo Energy Reports First Quarter 2025 Financial Results

About this update from Tigo Energy, Inc.

[{"type":"text","content":"CAMPBELL, Calif., May 06, 2025--(BUSINESS WIRE)--Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the first quarter ended March 31, 2025, financial guidance for the second quarter ending June 30, 2025 and a full year 2025 outlook.","length":379,"tagName":"p"},{"type":"text","content":"Recent Financial and Operational Highlights","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue for the first quarter of 2025 of $18.8 million, up 92.2% compared to the first quarter of 2024.","length":103,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss for the first quarter of 2025 of $7.0 million, compared to a net loss of $11.5 million in the first quarter of 2024.","length":125,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA loss for the first quarter of 2025 of $2.0 million compared to an Adjusted EBITDA loss of $6.3 million in the first quarter of 2024.","length":148,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash, cash equivalents, and marketable securities of $20.3 million at March 31, 2025, a sequential increase of $0.4 million from the fourth quarter of 2024.","length":156,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"During the first quarter of 2025, we shipped 502,000, or 351 MW, of MLPE.","length":73,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Introduced an evolution of the TS4-A family (725W 22 amp), serving higher wattage modules and bringing Multi-Factor Rapid Shutdown capability to the MLPE product line.","length":167,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":772,"olType":false},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":""We are pleased to report our fifth sequential increase in quarterly revenues and a 92% revenue increase on a year over year basis," said Zvi Alon, Chairman and CEO of Tigo. "These results reflect both an expansion of our market share and an ongoing recovery in the solar market."","length":300,"tagName":"p"},{"type":"text","content":""During the quarter, we saw increased sequential growth in the EME...

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