Tigo Energy Q4 2023 GAAP EPS $(0.25) Misses $(0.21) Estimate, Sales $9.24M Miss $11.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tigo Energy (NASDAQ:TYGO) reported Q4 2023 earnings with a GAAP EPS of $(0.25), missing the $(0.21) estimate, and sales of $9.24M, below the $11.97M estimate. This represents a 70.12% decrease in sales compared to the same period last year.
February 13, 2024 | 9:07 pm
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NEGATIVE IMPACT
Tigo Energy reported a significant miss in both EPS and sales for Q4 2023, with a 70.12% decrease in sales year-over-year.
Missing both EPS and sales estimates significantly, especially with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of Tigo Energy in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100