← TIGO ENERGY, INC.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income From Continuing Operations | ($2k) | ($403k) | ($7.0m) | ($984k) | ($62.7m) | ($1.9m) | $10.0m | |
| Net loss | — | ($403k) | ($178k) | ($984k) | ($62.7m) | ($1.9m) | — | |
| Depreciation, Depletion and Amortization | — | — | $562k | $1.1m | $1.2m | $1.3m | $1.3m | |
| Depreciation | — | — | $562k | $900k | $900k | $1.0m | $1.3m | |
| Amortization of Intangible Assets | — | — | — | — | $300k | $300k | — | |
| Depreciation Amortization Depletion | — | — | $562k | $1.1m | $1.2m | $1.3m | $1.3m | |
| Deferred Income Tax Expense (Benefit) | — | — | $0 | ($21k) | ($181k) | ($66k) | $0 | |
| Deferred Tax | — | — | $0 | ($21k) | — | — | $0 | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $3.8m | $7.7m | $7.9m | $7.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $91k | $122k | $367k | — | |
| Stock-based compensation | — | — | $813k | $3.8m | $7.7m | $7.9m | $7.0m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | $37k | ($245k) | ($192k) | — | |
| Nonoperating Income (Expense) | — | — | $1.6m | $7.4m | ($10.6m) | $3.2m | — | |
| Changes in operating assets and liabilities: | ||||||||
| Change In Working Capital | — | — | ($17.1m) | ($38.5m) | $10.5m | $6.0m | ($13.7m) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | ($5.2m) | ($570k) | $5.9m | ($4.7m) | |
| Accounts receivable | — | — | ($12.5m) | $5.2m | $570k | ($5.9m) | ($4.7m) | |
| Change In Receivables | — | — | ($12.5m) | $5.2m | $570k | ($5.9m) | ($4.7m) | |
| Changes In Account Receivables | — | — | ($12.5m) | $5.2m | $570k | ($5.9m) | ($4.7m) | |
| Increase (Decrease) in Inventories | — | — | — | $37.2m | ($16.3m) | $10.8m | ($3.1m) | |
| Inventory Write-down | — | — | — | $713k | $23.1m | $1.5m | — | |
| Provision to write down inventories to net realizable value | — | — | $123k | $713k | $23.1m | $1.5m | — | |
| Inventory | — | — | ($15.0m) | ($37.2m) | $16.3m | ($10.8m) | ($3.1m) | |
| Increase (Decrease) in Accounts Payable | — | — | $10.9m | ($8.6m) | ($6.6m) | $20.9m | ($3.2m) | |
| Change In Payables And Accrued Expense | — | — | $11.8m | ($5.2m) | ($7.4m) | $20.7m | ($3.2m) | |
| Accrued expenses and other liabilities | — | — | $952k | $3.4m | ($793k) | ($232k) | — | |
| Deferred revenue | — | — | $673k | ($321k) | $368k | $652k | — | |
| Change In Accrued Expense | — | — | $952k | $3.4m | ($793k) | ($232k) | ($2.2m) | |
| Prepaid expenses and other assets | — | — | ($2.5m) | ($1.3m) | $1.7m | ($1.8m) | — | |
| Change In Other Current Liabilities | — | — | $511k | $278k | ($1.0m) | $3.2m | $464k | |
| Net Cash Provided by (Used in) Operating Activities | ($2k) |
($464k)
-26565.57%
|
($866k)
-86.57%
|
($37.2m)
-4199.80%
|
($12.4m)
+66.81%
|
$10.3m
+183.37%
|
($7.2m)
-170.25%
|
|
| Cash flows from investing activities: | ||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $135k | ($17k) | — | ($12k) | ($13.9m) | |
| Payments to Acquire Property, Plant, and Equipment | — | — | ($1.1m) | $2.1m | $1.3m | $642k | ($899k) | |
| Property, plant and equipment acquisitions funded by liabilities | — | — | $135k | $2.1m | $1.3m | $642k | — | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | ($59k) | $61k | ($2k) | — | |
| Accretion of interest on marketable securities | — | — | — | ($508k) | ($354k) | ($467k) | — | |
| Purchase of marketable securities | — | — | — | ($53.5m) | ($11.0m) | ($31.3m) | — | |
| Sales and maturities of marketable securities | — | — | — | $25.1m | $32.0m | $39.9m | — | |
| Unrealized gain resulting from change in fair value of marketable securities | — | — | — | ($59k) | $61k | ($2k) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($116.7m) | $93.7m | ($30.9m) | $19.8m | $22.6m | $34.5m | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($171k) | — | ($1.1m) | — | |
| Issuance Of Debt | — | $901k | $25.0m | $50.0m | $0 | — | $0 | |
| Long Term Debt Issuance | — | $901k | $25.0m | $50.0m | $0 | — | $0 | |
| Net Issuance Payments Of Debt | — | — | $10.8m | $29.2m | $0 | ($50.2m) | ($46.1m) | |
| Net Long Term Debt Issuance | — | — | $10.8m | $29.2m | $0 | ($50.2m) | ($46.1m) | |
| Long Term Debt Payments | — | — | ($14.2m) | ($20.8m) | $0 | ($50.2m) | ($50.2m) | |
| Repayment Of Debt | — | — | ($14.2m) | ($20.8m) | $0 | ($50.2m) | ($50.2m) | |
| Issuance Of Capital Stock | — | — | $41.0m | $0 | $16k | $13.5m | $26.9m | |
| Common Stock Issuance | — | — | — | $0 | $16k | $13.5m | $26.9m | |
| Cash Dividends Paid | — | $0 | $0 | $0 | — | — | — | |
| Net Other Financing Charges | — | — | ($3.8m) | $1.8m | ($349k) | ($367k) | ($1.6m) | |
| Net Cash Provided by (Used in) Financing Activities | ($469) |
$118.0m
+25153361.41%
|
($93.6m)
-179.30%
|
$34.8m
+137.22%
|
($61k)
-100.18%
|
($37.0m)
-60540.98%
|
($20.6m)
+44.39%
|
|
| Net (decrease) increase in cash | — | $780k | ($714k) | ($33.3m) | $7.3m | ($4.1m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($2k) | $780k | ($714k) | ($33.3m) | $7.3m | ($4.1m) | $16.9m | |
| Beginning Cash Position | — | — | $7.5m | $37.7m | $4.4m | $11.7m | $10.2m | |
| Cash and cash equivalents at beginning of period | — | $803k | $88k | $4.4m | $11.7m | $7.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $23k | $803k | $88k | $4.4m | $11.7m | $7.7m | $16.9m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | ($4.4m) | ($62.7m) | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | $14.6m | — | |
| Income Tax Expense (Benefit) | — | — | $395k | $138k | $103k | $603k | — | |
| Interest Expense Nonoperating | — | — | — | — | $11.4m | $11.0m | — | |
| Non-cash interest expense | — | — | $256k | $5.5m | $8.9m | $8.6m | — | |
| Operating lease liabilities | — | — | ($447k) | ($1.0m) | ($1.2m) | ($605k) | — | |
| Operating lease right of use assets obtained in exchange for operating lease liabilities | — | — | $1.8m | $2.2m | $195k | $1.7m | — | |
| Non-cash transactions: | ||||||||
| Additional Financial Items | ||||||||
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | $501k | — | — | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | ($171k) | — | — | — | |
| General and Administrative Expense | — | — | — | $28.8m | $21.1m | $22.2m | — | |
| Goodwill | — | — | — | $12.2m | $12.2m | $12.2m | — | |
| Investment Income, Interest | — | $13k | $1.6m | $2.3m | $867k | $919k | — | |
| Operating Costs and Expenses | $2k | $416k | $1.4m | — | — | — | — | |
| Operating Expenses | — | — | — | $59.6m | $47.8m | $48.9m | — | |
| Payments of Financing Costs | — | — | — | $358k | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | $215k | $272k | $157k | — | |
| Stock or Unit Option Plan Expense | — | — | — | $9.6m | $6.9m | $4.0m | — | |
| Change in fair value of contingent shares liability | — | — | $1.0m | ($1.1m) | ($152k) | — | — | |
| Change in allowance for credit losses | — | — | $596k | $3.9m | ($1.7m) | ($17k) | — | |
| Non-cash lease expense | — | — | $535k | $996k | $1.1m | $906k | — | |
| Warranty liability | — | — | $958k | $1.3m | $166k | $3.5m | — | |
| Proceeds from exercise of stock options | — | — | $325k | $215k | $272k | $157k | — | |
| Proceeds from at-the-market offering | — | — | — | — | $16k | $13.5m | — | |
| Payment of offering costs related to at-the-market offering | — | ($496k) | — | — | ($227k) | — | — | |
| Payment of tax withholdings on restricted stock awards | — | — | — | ($91k) | ($122k) | ($367k) | — | |
| Non-cash consideration paid for fSight acquisition | — | — | — | $11.0m | $375k | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | $48.3m | $34.8m | ($61k) | ($37.0m) | ($20.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | ($1.6m) | ($30.9m) | $19.8m | $22.6m | $34.5m | |
| Change In Account Payable | — | — | $10.9m | ($8.6m) | ($6.6m) | $20.9m | ($3.2m) | |
| Change In Other Working Capital | — | — | $538k | ($321k) | $368k | $652k | ($309k) | |
| Change In Payable | — | — | $10.9m | ($8.6m) | ($6.6m) | $20.9m | ($3.2m) | |
| Change In Prepaid Assets | — | — | ($2.5m) | ($1.3m) | $1.7m | ($1.8m) | ($584k) | |
| Changes In Cash | — | — | $30.2m | ($33.3m) | $7.3m | ($4.1m) | $6.7m | |
| End Cash Position | — | — | $37.7m | $4.4m | $11.7m | $7.7m | $16.9m | |
| Financing Cash Flow | — | — | $48.3m |
$34.8m
-27.93%
|
($61k)
-100.18%
|
($37.0m)
-60540.98%
|
($20.6m)
+44.39%
|
|
| Free Cash Flow | — | — | ($17.6m) | ($39.8m) | ($13.6m) | $9.7m | ($8.1m) | |
| Gain Loss On Investment Securities | — | $260k | $1.0m | ($13.4m) | ($152k) | — | ($152k) | |
| Gain Loss On Sale Of PPE | — | — | $0 | $17k | $0 | ($14.6m) | ($15.0m) | |
| Investing Cash Flow | — | — | ($1.6m) | ($30.9m) | $19.8m | $22.6m | $34.5m | |
| Net Business Purchase And Sale | — | — | $0 | ($16k) | $0 | — | $0 | |
| Net Intangibles Purchase And Sale | — | — | $0 | ($450k) | $0 | $14.6m | $17.4m | |
| Net PPE Purchase And Sale | — | — | ($1.1m) | ($2.1m) | ($1.3m) | ($642k) | ($899k) | |
| Net Preferred Stock Issuance | — | $15.0m | $41.0m | $0 | — | — | — | |
| Operating Gains Losses | — | — | $4.6m | ($13.2m) | ($152k) | ($13.5m) | ($13.9m) | |
| Other Non Cash Items | — | — | $908k | $6.0m | $9.7m | $9.0m | — | |
| Proceeds From Stock Option Exercised | — | — | $325k | $3.9m | $272k | $157k | $403k | |
| Provisionand Write Offof Assets | — | — | $719k | $4.6m | $21.4m | $1.5m | $3.0m | |
| Purchase Of Business | — | — | $0 | ($16k) | $0 | — | $0 | |
| Purchase Of Intangibles | — | — | $0 | ($450k) | $0 | — | $0 | |
| Purchase Of PPE | — | — | ($1.1m) | ($2.1m) | ($1.3m) | ($642k) | ($899k) | |
| Sale Of Intangibles | — | — | — | — | $0 | $14.6m | $17.4m | |
| Net Investment Purchase And Sale | — | — | ($456k) | ($28.3m) | $21.0m | $8.6m | $18.0m | |
| Purchase Of Investment | — | — | ($456k) | ($53.5m) | ($11.0m) | ($31.3m) | ($12.3m) | |
| Sale Of Investment | — | — | $0 | $25.1m | $32.0m | $39.9m | $30.3m | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $30.2m | ($33.3m) | $7.3m | ($4.1m) | — | |
| Cash paid for interest | — | $0 | $1.2m | $1.4m | $2.5m | $3.6m | — | |
| Income Taxes Paid, Net | — | — | $109k | $95k | $575k | $263k | — |