Tigo Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	54.01	145.23	81.32	43.64	33.29
Revenue Growth (YoY)	-62.81%	78.59%	86.34%	31.10%	-
Cost of Revenue	58.17	93.92	56.55	31	22.75
Gross Profit	-4.16	51.31	24.77	12.64	10.54
Selling, General & Admin	37.98	45.99	19.99	10.59	7.19
Research & Development	9.86	9.5	5.68	5.76	4.06
Operating Expenses	47.84	55.48	25.67	16.35	11.25
Operating Income	-52	-4.18	-0.9	-3.71	-0.72
Interest Expense	-11.42	-8.12	-1.49	-2.51	-5.53
Interest & Investment Income	0.87	2.32	0.2	-	-
Other Non Operating Income (Expenses)	-0.09	13.39	-1.16	-0.24	-0.69
EBT Excluding Unusual Items	-62.64	3.43	-3.35	-6.46	-6.93
Merger & Restructuring Charges	-	-4.1	-	-	-
Other Unusual Items	-	-0.17	-3.61	1.8	0.76
Pretax Income	-62.64	-0.85	-6.97	-4.66	-6.17
Income Tax Expense	0.1	0.14	0.07	0.2	0.02
Net Income	-62.75	-0.98	-7.04	-4.86	-6.2
Preferred Dividends & Other Adjustments	-	1.98	6.34	2.84	-7.96
Net Income to Common	-62.75	-2.97	-13.38	-7.7	1.77
Shares Outstanding (Basic)	60	38	5	20	20
Shares Outstanding (Diluted)	60	43	5	20	60
Shares Change (YoY)	39.42%	774.86%	-75.77%	-66.09%	-
EPS (Basic)	-1.04	-0.08	-2.71	-0.38	0.09
EPS (Diluted)	-1.04	-0.14	-2.71	-0.38	-0.28
Free Cash Flow	-13.64	-39.34	-17.62	-5.31	-7.41
Free Cash Flow Per Share	-0.23	-0.91	-3.57	-0.26	-0.12
Gross Margin	-7.69%	35.33%	30.46%	28.96%	31.66%
Operating Margin	-96.27%	-2.88%	-1.10%	-8.51%	-2.15%
Profit Margin	-116.17%	-2.04%	-16.45%	-17.65%	5.30%
Free Cash Flow Margin	-25.25%	-27.08%	-21.66%	-12.17%	-22.26%
EBITDA	-50.78	-3.07	-0.33	-3.3	-0.09
EBITDA Margin	-94.01%	-2.11%	-0.41%	-7.55%	-0.27%
D&A For EBITDA	1.22	1.11	0.56	0.42	0.63
EBIT	-52	-4.18	-0.9	-3.71	-0.72
EBIT Margin	-96.27%	-2.88%	-1.10%	-8.51%	-2.15%
Advertising Expenses	0.6	0.8	0.4	0.1	0.3

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q