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TYGO (Tigo Energy) Net Income : $-50.72 Mil (TTM As of Sep. 2024)


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What is Tigo Energy Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Tigo Energy's Net Income for the three months ended in Sep. 2024 was $-13.12 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-50.72 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Tigo Energy's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $-0.22.


Tigo Energy Net Income Historical Data

The historical data trend for Tigo Energy's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tigo Energy Net Income Chart

Tigo Energy Annual Data
Trend Dec21 Dec22 Dec23
Net Income
-4.86 -7.04 -0.98

Tigo Energy Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 29.06 -14.77 -11.51 -11.32 -13.12

Tigo Energy Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Tigo Energy's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.846+-0.138+0+0
=-0.98

Tigo Energy's Net Income for the quarter that ended in Sep. 2024 is calculated as

Net Income(Q: Sep. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-13.117+0+0+0
=-13.12

Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-50.72 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tigo Energy  (NAS:TYGO) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Tigo Energy's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Tigo Energy Net Income Related Terms

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Tigo Energy Business Description

Traded in Other Exchanges
N/A
Address
655 Campbell Technology Parkway, Suite 150, Campbell, CA, USA, 95008
Tigo Energy Inc designs solar power conversion and storage products that provide customers with more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.
Executives
Bill Roeschlein officer: Chief Financial Officer C/O SELECTICA, INC., 3 WEST PLUMERIA, SAN JOSE CA 95134
Jeffrey Stuart Sullivan officer: Chief Operating Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
James Jd Dillon officer: Chief Marketing Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Jing Tian officer: Chief Growth Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Zvi Alon director, officer: Chief Executive Officer 10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014
Joan C Conley director 3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815
Energy Growth Momentum Gp Ii Ltd. 10 percent owner, other: See Remarks 1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW
Generation Im Climate Solutions Gp, Ltd. 10 percent owner BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Generation Im Climate Solutions Fund, L.p. 10 percent owner BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
John Andrew Wilson director 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Alon Ventures, Llc 10 percent owner 27673 LUPINE RD, LOS ALTOS HILLS CA 94022
Energy Growth Momentum Ii Lp 10 percent owner, other: See Remarks 1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW
Tomer Babai director 655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008
Matthew Day officer: Co-Chief Operating Officer 888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Andrew Costa officer: Co-Chief Operating Officer 888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660