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Tigo Energy Inc (TYGO) drives innovation in solar energy through advanced monitoring systems and patented impedance matching technology. This page serves as the definitive source for official updates on product developments, financial performance, and industry partnerships.
Access curated press releases covering earnings announcements, safety innovations, and strategic collaborations with global solar manufacturers. Investors will find timely updates on energy optimization solutions for residential and commercial installations, while industry professionals can track technical advancements in PV module integration.
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Tigo Energy reported its first quarter 2024 financial results, showing a revenue of $9.8 million, a GAAP gross margin of 28.2%, and a net loss of $11.5 million. The company experienced an 80.4% decrease in revenue compared to the same period last year but saw a sequential increase of 6.0%. Operating expenses rose by 12.4%, leading to an adjusted EBITDA loss of $6.3 million. Tigo shipped 249,000 MLPE units and introduced new products, including the TS4-X Family and the Tigo GO EV Charger for the Italian market. Looking ahead, Tigo expects second quarter revenues between $12.0 million and $16.0 million, with an adjusted EBITDA loss ranging from $5.5 million to $8.0 million.
Tigo Energy, Inc. (NASDAQ: TYGO) announced the release of the Tigo TS4-X line, offering high-power solar modules up to 800W with Multi-Factor Rapid Shutdown for critical applications. The products provide safety, monitoring, and optimization features, supporting compatibility with Pure Signal™ technology and third-party inverters. Designed for C&I and utility solar markets, the TS4-X line enhances design flexibility, reduces labor costs, and ensures global compliance with industry standards.
Tigo Energy, Inc. introduced the first Tigo EI Residential Solar Solution with whole-home backup in Puerto Rico. The system was deployed by CEnergyS Solar Solutions in Arecibo, consisting of Tigo TS4 Flex MLPE products, an EI Inverter, and a modular DC-coupled EI Battery. The installation aims to provide reliable renewable energy options on the island in alignment with Puerto Rico's goal of achieving a 100% renewable energy future by 2050.
Tigo Energy Inc. (Nasdaq: TYGO) will report its first-quarter 2024 financial results on May 14, 2024, at 4:30 p.m. ET. The company is a leading provider of intelligent solar and energy software solutions. A conference call will be held to discuss the results, followed by a Q&A session. Registration link and contact details are provided for participation.
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