Maxeon Solar Technologies, Ltd. (MAXN)

Maxeon Solar Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 2, 2022	Jan 3, 2021
Revenue	509.05	1,123	1,060	783.28	844.84
Revenue Growth (YoY)	-54.67%	5.94%	35.34%	-7.29%	-29.50%
Cost of Revenue	755.89	1,021	1,108	812.29	854.62
Gross Profit	-246.84	102.39	-47.95	-29.01	-9.78
Selling, General & Admin	171.36	126.17	100.55	88.82	86.2
Research & Development	37.55	45.7	49.68	46.53	34.19
Operating Expenses	208.91	171.87	150.23	135.35	120.4
Operating Income	-455.75	-69.48	-198.18	-164.36	-130.18
Interest Expense	-45.37	-42.44	-30.34	-28.14	-31.86
Interest & Investment Income	2.09	9.39	2.53	0.29	-
Earnings From Equity Investments	-	-2.81	-9.07	-16.48	-3.2
Other Non Operating Income (Expenses)	-4.87	-22.57	2.22	-33.69	34.55
EBT Excluding Unusual Items	-503.89	-127.91	-232.84	-242.38	-130.69
Merger & Restructuring Charges	-118.73	-149.73	-2.12	-8.08	-
Impairment of Goodwill	-7.88	-	-	-	-
Gain (Loss) on Sale of Investments	1.3	1.3	-	-	1.8
Asset Writedown	-2.17	-	-	-	-
Other Unusual Items	34.74	-	-	-5.08	-
Pretax Income	-596.62	-276.34	-234.96	-255.54	-128.89
Income Tax Expense	17.95	-0.63	32.19	0.2	12.13
Earnings From Continuing Operations	-614.57	-275.71	-267.15	-255.75	-141.01
Minority Interest in Earnings	0.27	-0.12	-0.28	1.23	-1.62
Net Income	-614.3	-275.83	-267.42	-254.52	-142.63
Net Income to Common	-614.3	-275.83	-267.42	-254.52	-142.63
Shares Outstanding (Basic)	6	0	0	0	0
Shares Outstanding (Diluted)	6	0	0	0	0
Shares Change (YoY)	1279.10%	13.45%	9.19%	52.87%	15.22%
EPS (Basic)	-96.00	-594.46	-653.85	-679.50	-582.12
EPS (Diluted)	-96.00	-594.46	-653.85	-679.50	-582.12
Free Cash Flow	-322.31	-321.75	-59.9	-159.48	-216.85
Free Cash Flow Per Share	-50.37	-693.42	-146.46	-425.76	-885.03
Gross Margin	-48.49%	9.12%	-4.52%	-3.70%	-1.16%
Operating Margin	-89.53%	-6.19%	-18.69%	-20.98%	-15.41%
Profit Margin	-120.68%	-24.56%	-25.23%	-32.49%	-16.88%
Free Cash Flow Margin	-63.31%	-28.65%	-5.65%	-20.36%	-25.67%
EBITDA	-412.28	-13.6	-141.43	-122.15	-82.85
EBITDA Margin	-80.99%	-1.21%	-13.34%	-15.60%	-9.81%
D&A For EBITDA	43.46	55.88	56.74	42.21	47.33
EBIT	-455.75	-69.48	-198.18	-164.36	-130.18
EBIT Margin	-89.53%	-6.19%	-18.69%	-20.98%	-15.41%
Advertising Expenses	3.7	5.9	4.7	3.5	2.4

Updated Dec 5, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q