Tigo Energy Inc. (TYGO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
655 CAMPBELL TECHNOLOGY PARKWAY CAMPBELL, CA 95008 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 21,945 | 31,211 | 36,680 | 55,634 | 124 | 88 | |||
| Cash and cash equivalents | 9,025 | 4,405 | 2,240 | 11,725 | 124 | 88 | |||
| Short-term investments | 12,920 | 26,806 | 34,440 | 43,909 | |||||
| Restricted cash and investments | 300 | ||||||||
| Receivables | 6,306 | 6,862 | 20,358 | 45,820 | 135 | ||||
| Inventory, net of allowances, customer advances and progress billings | 55,757 | 61,401 | 57,437 | 50,639 | |||||
| Inventory | 55,757 | 61,401 | 57,437 | 50,639 | |||||
| Prepaid expense | 138 | 150 | |||||||
| Other undisclosed current assets | 4,388 | 4,936 | 2,775 | 3,782 | |||||
| Total current assets: | 88,396 | 104,710 | 117,250 | 155,875 | 262 | 374 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,285 | 2,503 | 2,729 | 2,810 | |||||
| Property, plant and equipment | 3,375 | 3,458 | 2,763 | 2,837 | |||||
| Intangible assets, net (including goodwill) | 14,334 | 14,401 | 15,339 | 15,406 | |||||
| Goodwill | 12,209 | 12,209 | 13,079 | 13,079 | |||||
| Intangible assets, net (excluding goodwill) | 2,125 | 2,192 | 2,260 | 2,327 | |||||
| Regulated entity, other noncurrent assets | |||||||||
| Asset, held-in-trust | 24,602 | 24,678 | |||||||
| Deferred income tax assets | 21 | 11,147 | |||||||
| Other noncurrent assets | 731 | 707 | 725 | 722 | |||||
| Other undisclosed noncurrent assets | 1,977 | 4,335 | 6,335 | ||||||
| Total noncurrent assets: | 20,725 | 23,067 | 25,891 | 39,257 | 24,602 | 24,678 | |||
| TOTAL ASSETS: | 109,121 | 127,777 | 143,141 | 195,132 | 24,863 | 25,052 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 12,591 | 24,892 | 28,715 | 64,452 | 949 | 667 | |||
| Accounts payable | 6,030 | 15,685 | 19,492 | 54,120 | |||||
| Accrued liabilities | 6,561 | 9,207 | 9,223 | 10,332 | 136 | 395 | |||
| Other undisclosed accounts payable and accrued liabilities | 813 | 272 | |||||||
| Deferred revenue | 444 | 335 | 268 | 436 | |||||
| Derivative instruments and hedges, liabilities | 493 | ||||||||
| Other liabilities | |||||||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | ✕ | 200 | |||
| Other undisclosed current liabilities | 1,124 | 1,192 | 1,162 | 1,135 | |||||
| Total current liabilities: | 14,159 | 26,419 | 30,145 | 66,516 | 1,149 | 667 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 33,805 | 31,570 | 29,334 | 27,084 | |||||
| Long-term debt, excluding current maturities | 33,805 | 31,570 | 29,334 | 27,084 | |||||
| Liabilities, other than long-term debt | 6,833 | 6,964 | 7,835 | 9,322 | |||||
| Accounts payable and accrued liabilities | 4,957 | 5,106 | 5,265 | ||||||
| Deferred revenue | 607 | 466 | 188 | 186 | |||||
| Other liabilities | 714 | 2,332 | |||||||
| Operating lease, liability | 1,269 | 1,392 | 1,668 | 1,804 | |||||
| Derivative instruments and hedges, liabilities | 5,000 | ||||||||
| Other undisclosed noncurrent liabilities | 61,776 | ||||||||
| Total noncurrent liabilities: | 40,638 | 38,534 | 37,169 | 98,182 | |||||
| Other undisclosed liabilities | 136 | 395 | |||||||
| Total liabilities: | 54,797 | 64,953 | 67,314 | 164,698 | 1,285 | 1,062 | |||
| Temporary equity, carrying amount | 24,322 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 54,324 | 62,824 | 75,827 | 30,434 | (907) | (332) | |||
| Common stock | 6 | 6 | 6 | 6 | 0 | ||||
| Additional paid in capital | 141,651 | 138,657 | 136,983 | 120,671 | 88 | 251 | |||
| Accumulated other comprehensive loss | (47) | (59) | (156) | (181) | |||||
| Accumulated deficit | (87,286) | (75,780) | (61,006) | (90,062) | (995) | (584) | |||
| Other undisclosed equity, attributable to parent | 0 | ||||||||
| Other undisclosed equity | 24,485 | ||||||||
| Total equity: | 54,324 | 62,824 | 75,827 | 30,434 | 23,579 | (332) | |||
| TOTAL LIABILITIES AND EQUITY: | 109,121 | 127,777 | 143,141 | 195,132 | 24,863 | 25,052 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,802 | 9,245 | 17,104 | 68,826 | ||||
| Cost of revenue | (7,036) | (6,369) | (12,946) | (42,920) | ||||
| Provision for loan, lease, and other losses | 990 | (1,902) | ||||||
| Gross profit: | 2,766 | 2,876 | 4,158 | 25,906 | ||||
| Operating expenses | (11,854) | (16,418) | (15,376) | (17,241) | (594) | (863) | ||
| Operating income (loss): | (9,088) | (13,542) | (11,218) | 8,665 | (594) | (863) | ||
| Nonoperating income (expense) | (2,418) | 15,981 | (51,236) | 41,774 | 245 | 935 | ||
| Investment income, nonoperating | 245 | 935 | ||||||
| Interest and debt expense | (2,826) | (342) | 2,875 | 1,587 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (14,332) | 2,097 | (59,579) | 52,026 | (349) | 73 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (16,762) | 99,597 | (85,135) | |||||
| Income (loss) from continuing operations before income taxes: | (14,332) | (14,665) | 40,018 | (33,109) | (349) | 73 | ||
| Income tax expense (benefit) | (109) | (10,962) | 10,933 | (63) | (302) | |||
| Net income (loss): | (14,332) | (14,774) | 29,056 | (22,176) | (411) | (229) | ||
| Other undisclosed net income attributable to parent | 2,826 | |||||||
| Net income (loss) attributable to parent: | (11,506) | (14,774) | 29,056 | (22,176) | (411) | (229) | ||
| Preferred stock dividends and other adjustments | (326) | |||||||
| Other undisclosed net income (loss) available to common stockholders, basic | 5,992 | (1,152) | ||||||
| Net income (loss) available to common stockholders, basic: | (11,506) | (8,782) | 29,056 | (22,176) | (738) | (1,381) | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 1,105 | (47,623) | ||||||
| Net loss available to common stockholders, diluted: | (11,506) | (7,677) | (18,567) | (22,176) | (738) | (1,381) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (14,332) | (14,774) | 29,056 | (22,176) | (411) | (229) | ||
| Comprehensive income (loss): | (14,332) | (14,774) | 29,056 | (22,176) | (411) | (229) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2,838 | 100 | 22 | (195) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (11,494) | (14,674) | 29,078 | (22,371) | (411) | (229) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.