Tigo Says 'During The Third Quarter Of Fiscal 2023, A Significant Number Of Customers Requested That Tigo Delay Purchase Order Deliveries To The Fourth Quarter Of 2023 Or Early 2024'
Portfolio Pulse from Bill Haddad
Tigo Energy, Inc. (TYGO) has reported that a significant number of customers have requested to delay their purchase order deliveries to the fourth quarter of 2023 or early 2024.
October 09, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tigo Energy's revenues may be impacted in the short term due to the delay in purchase order deliveries requested by a significant number of customers.
The delay in purchase order deliveries requested by a significant number of Tigo Energy's customers could lead to a decrease in revenues in the short term. This is because the company will not be able to recognize the revenue from these orders until they are delivered, which is now expected to be in the fourth quarter of 2023 or early 2024. This could potentially impact the company's financial performance and, consequently, its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100