L R AS Published on Saturday 13 May 2023 - n° 445 - Categories:company results

Tigo is recovering

US PV and battery storage specialist Tigo reportedQ1 revenues of $50m

(compared to $10m a year ago), gross margin of $18.4m (compared to 2.7% in 2022), ebitda of $8.6m and net profit of $6.9m (compared to a loss of $5.7m in 2022).

For the second quarter, revenue would be $70-74m and ebitda between $13-16m.

https://www.businesswire.com/news/home/20230510005385/en

Photon of 11 May 2023

Editor's note The company's turnaround is underway

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