Maxeon Solar Technologies Announces Preliminary Fourth Quarter and Fiscal Year 2023 Results [Yahoo! Finance]
Maxeon Solar Technologies, Ltd. - Ordinary Shares (MAXN)
Company Research
Source: Yahoo! Finance
and channels, today provided preliminary selected unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 , as well as expected shipment and revenue numbers for the first quarter of 2024. Maxeon's CEO Bill Mulligan commented, "In the fourth quarter, Maxeon delivered financial results largely in line with our expectations. Our U.S utility-scale business accounted for the majority of revenues in the fourth quarter, with stable ASPs." "As disclosed in our last earnings call, Maxeon has been executing a transformation of our IBC capacity timed to coincide with the current DG market slowdown. As part of this initiative, we made the decision to ramp down all of our Maxeon 6 capacity faster than we had originally expected, resulting in higher than initially planned restructuring costs in the fourth quarter." "The Maxeon team is highly focused on reducing manufacturing costs, OPEX rationalization and liquidity-management to enable a return to profitabi
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MAXN
Earnings
- 11/15/23 - Miss
MAXN
Sec Filings
- 4/30/24 - Form NT
- 4/26/24 - Form 6-K
- 4/8/24 - Form 6-K
- MAXN's page on the SEC website