Tigo Energy Q2 2024 GAAP EPS $(0.19) Misses $(0.17) Estimate, Sales $12.701M Miss $13.858M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tigo Energy (NASDAQ:TYGO) reported Q2 2024 GAAP EPS of $(0.19), missing the $(0.17) estimate. Sales were $12.701M, missing the $13.858M estimate and representing an 81.55% decrease from the same period last year.
August 06, 2024 | 8:41 pm
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NEGATIVE IMPACT
Tigo Energy reported Q2 2024 GAAP EPS of $(0.19), missing the $(0.17) estimate. Sales were $12.701M, missing the $13.858M estimate and representing an 81.55% decrease from the same period last year.
The significant miss on both EPS and sales estimates, along with a drastic year-over-year sales decline, is likely to negatively impact Tigo Energy's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100