Maxeon Solar Technologies Ltd
NASDAQ:MAXN
Income Statement
Earnings Waterfall
Maxeon Solar Technologies Ltd
Revenue
|
1.2B
USD
|
Cost of Revenue
|
-1.1B
USD
|
Gross Profit
|
132.6m
USD
|
Operating Expenses
|
-170.6m
USD
|
Operating Income
|
-38m
USD
|
Other Expenses
|
-127.2m
USD
|
Net Income
|
-165.2m
USD
|
Income Statement
Maxeon Solar Technologies Ltd
Sep-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
Revenue |
599
N/A
|
845
+41%
|
783
-7%
|
794
+1%
|
807
+2%
|
783
-3%
|
841
+7%
|
903
+7%
|
958
+6%
|
1 060
+11%
|
1 155
+9%
|
1 266
+10%
|
1 218
-4%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(616)
|
(855)
|
(795)
|
(800)
|
(819)
|
(812)
|
(884)
|
(983)
|
(1 037)
|
(1 108)
|
(1 137)
|
(1 152)
|
(1 085)
|
|
Gross Profit |
(17)
N/A
|
(10)
+43%
|
(12)
-21%
|
(7)
+44%
|
(11)
-66%
|
(29)
-161%
|
(43)
-48%
|
(80)
-85%
|
(79)
+1%
|
(48)
+39%
|
19
N/A
|
114
+511%
|
133
+16%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(88)
|
(120)
|
(124)
|
(129)
|
(133)
|
(135)
|
(137)
|
(138)
|
(148)
|
(150)
|
(155)
|
(168)
|
(171)
|
|
Selling, General & Administrative |
(62)
|
(86)
|
(85)
|
(87)
|
(89)
|
(89)
|
(89)
|
(88)
|
(99)
|
(101)
|
(108)
|
(121)
|
(123)
|
|
Research & Development |
(25)
|
(34)
|
(39)
|
(42)
|
(45)
|
(47)
|
(47)
|
(50)
|
(49)
|
(50)
|
(47)
|
(48)
|
(47)
|
|
Operating Income |
(105)
N/A
|
(130)
-24%
|
(136)
-4%
|
(136)
+0%
|
(144)
-6%
|
(164)
-14%
|
(180)
-9%
|
(217)
-21%
|
(226)
-4%
|
(198)
+12%
|
(136)
+31%
|
(54)
+60%
|
(38)
+30%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(24)
|
(32)
|
(25)
|
(53)
|
(54)
|
(62)
|
(68)
|
(44)
|
(15)
|
(25)
|
(5)
|
0
|
10
|
|
Non-Reccuring Items |
0
|
0
|
(1)
|
(6)
|
(13)
|
(13)
|
(12)
|
(9)
|
(2)
|
(2)
|
(2)
|
(1)
|
(24)
|
|
Total Other Income |
(8)
|
36
|
33
|
34
|
46
|
1
|
(0)
|
2
|
4
|
(0)
|
0
|
(2)
|
(75)
|
|
Pre-Tax Income |
(137)
N/A
|
(126)
+8%
|
(129)
-3%
|
(161)
-24%
|
(165)
-3%
|
(239)
-45%
|
(260)
-9%
|
(268)
-3%
|
(240)
+11%
|
(226)
+6%
|
(144)
+36%
|
(57)
+60%
|
(127)
-123%
|
|
Net Income | ||||||||||||||
Tax Provision |
(7)
|
(12)
|
(14)
|
(11)
|
(6)
|
(0)
|
1
|
(1)
|
(3)
|
(32)
|
(37)
|
(42)
|
(37)
|
|
Income from Continuing Operations |
(144)
|
(138)
|
(143)
|
(171)
|
(171)
|
(239)
|
(259)
|
(269)
|
(243)
|
(258)
|
(181)
|
(99)
|
(164)
|
|
Income to Minority Interest |
(2)
|
(2)
|
(1)
|
(0)
|
1
|
1
|
2
|
1
|
0
|
(0)
|
(1)
|
(0)
|
0
|
|
Equity Earnings Affiliates |
(1)
|
(3)
|
(6)
|
(8)
|
(8)
|
(17)
|
(18)
|
(18)
|
(22)
|
(9)
|
(7)
|
(2)
|
(1)
|
|
Net Income (Common) |
(146)
N/A
|
(143)
+2%
|
(150)
-5%
|
(180)
-20%
|
(178)
+1%
|
(255)
-43%
|
(275)
-8%
|
(286)
-4%
|
(265)
+7%
|
(267)
-1%
|
(188)
+30%
|
(102)
+46%
|
(165)
-63%
|
|
EPS (Diluted) |
-5.89
N/A
|
-5.82
+1%
|
-4.39
+25%
|
-4.66
-6%
|
-4.39
+6%
|
-6.79
-55%
|
-6.75
+1%
|
-6.98
-3%
|
-6.46
+7%
|
-6.54
-1%
|
-3.54
+46%
|
-2.24
+37%
|
-3.37
-50%
|