SunPower Sees FY24 GAAP Net Loss $(160M)-$(80M), Non-GAAP Gross Margin 17-19%
Portfolio Pulse from Benzinga Newsdesk
SunPower forecasts a GAAP net loss between $160 million and $80 million for FY24, with a non-GAAP gross margin of 17-19%.
February 15, 2024 | 12:48 pm
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SunPower anticipates a significant GAAP net loss for FY24, but expects to maintain a healthy non-GAAP gross margin.
The forecasted GAAP net loss indicates financial challenges for SunPower in FY24, which could negatively impact investor sentiment and stock price in the short term. However, the expected non-GAAP gross margin suggests some operational efficiency and cost management, which might mitigate the negative impact to some extent.
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