Tigo Energy Reports Full Year 2022 Financial Results
Roth CH Acquisition IV Co. (ROCG)
Company Research
Source: Business Wire
86% Increase in Revenue to Record $81 Million for Full Year 2022Entered Into Business Combination Agreement with Roth CH Acquisition IV Co. to Become a Public CompanyEnded 2022 with Strong Revenue Visibility, Including $96 Million Backlog 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 year ended December 31, 2022.Full Year 2022 Financial and Operational HighlightsRecord revenue of $81.3 million, up 86% compared to $43.6 million in 2021Gross profit of $24.8 million, up 96% compared to $12.6 million in 2021, with gross profit margin improving to 30% from 29% in 2021Net loss of $7.0 million, up 45% compared to a net loss of $4.9 million in 2021Adjusted EBITDA, a non-GAAP measure, totaled $2.5 million, an improvement from an Adjusted EBITDA loss of $3.1 million in 2021Ended 2022 with backlog of $96.1 million, up from $14.5 million at
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