Tigo Energy Reports First Quarter 2023 Financial Results
Roth CH Acquisition IV Co. (ROCG)
Company Research
Source: Business Wire
4X Year-over-Year Revenue Increase to Quarterly Record of $50.1 Million for First Quarter 2023Company Achieves First GAAP Profitable Quarter with $6.9 Million in Net IncomeSecond Quarter 2023 Revenue Guidance Set Between $70 Million and $74 Million, Second Quarter 2023 Adjusted EBITDA Guidance Set Between $13 Million and $16 Million CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc. ("Tigo" or the "Company"), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the first quarter ended March 31, 2023 and financial guidance for the second quarter ending June 30, 2023.First Quarter 2023 Financial and Operational HighlightsRecord revenue of $50.1 million, up 406% compared to $9.9 million in the first quarter of 2022.Gross profit of $18.4 million, up 581% compared to $2.7 million in the first quarter of 2022, with gross profit margin improving to 36.7% from 27.3% in the first quarter of 2022.Net income of $6.9 million, co
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