Tigo Energy Inc
NASDAQ:TYGO
Tigo Energy Inc
Tigo Energy Inc is a US-based company operating in industry. The company is headquartered in Campbell, California. The company went IPO on 2021-08-10. Tigo Energy, Inc. is engaged in the development and manufacture of smart hardware and software solutions. The firm designs solar power conversion and storage products. The company also develops and manufactures products such as inverters and battery storage systems for the residential solar-plus-storage market. The firm combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for advanced energy monitoring and control. Its MLPE products enable real-time energy monitoring and provide code-required rapid shutdown at the module level. The company provides additional products, such as RSS Transmitter, Tigo Access Point (TAP), and Cloud Connect Advanced (CCA). The firm also provides energy intelligence (EI) residential solution, and a Tigo EI monitoring demo. The company serves various customers, such as equipment manufacturers, installation professionals, commercial businesses, and homeowners.
Tigo Energy Inc is a US-based company operating in industry. The company is headquartered in Campbell, California. The company went IPO on 2021-08-10. Tigo Energy, Inc. is engaged in the development and manufacture of smart hardware and software solutions. The firm designs solar power conversion and storage products. The company also develops and manufactures products such as inverters and battery storage systems for the residential solar-plus-storage market. The firm combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for advanced energy monitoring and control. Its MLPE products enable real-time energy monitoring and provide code-required rapid shutdown at the module level. The company provides additional products, such as RSS Transmitter, Tigo Access Point (TAP), and Cloud Connect Advanced (CCA). The firm also provides energy intelligence (EI) residential solution, and a Tigo EI monitoring demo. The company serves various customers, such as equipment manufacturers, installation professionals, commercial businesses, and homeowners.
Revenue Growth: Tigo reported its seventh consecutive quarter of sequential revenue growth, with Q3 revenue up 27% quarter-over-quarter and 115% year-over-year to $30.6 million.
Profitability Milestones: The company returned to GAAP operating profitability in Q3 and posted positive adjusted EBITDA for the second consecutive quarter.
U.S. Market Strength: Sales in the U.S. surged 68% sequentially, with major momentum from the repowering segment, making it the largest country market for the quarter.
EG4 Partnership: Tigo announced a domestic manufacturing and marketing partnership with EG4 to offer U.S.-optimized inverters, aiming to leverage tax credits and mitigate U.S. market headwinds.
2025 Guidance: Q4 revenue is guided between $29 million and $31 million, with full-year 2025 revenue expected between $102.5 million and $104.5 million.
Convertible Debt Refinance: The company expects to refinance its $50 million convertible debt due January 2026 in Q4, using a mix of cash and new borrowing.
