Tigo Energy Reports Q3 Revenue of $24 Million and Provides Updated Full-Year Guidance
Tigo Energy (TYGO) reported third-quarter revenue of $24 million, landing within its previously issued guidance range of $24 million to $26 million. The company achieved profitability during the quarter, posting a GAAP net income of $0.4 million and an adjusted EBITDA of $1.5 million. Despite the quarterly performance, management has revised its full-year outlook downward to a range of $95 million to $97 million. For the fourth quarter, Tigo Energy expects revenue to fall between $20 million and $22 million.
Tickers: $TYGO
Topics: EBITDA net income profitability revenue