Tigo Energy reports ‘more stabilised environment’ and consistent results in Q1 2024
- Admin
- May 15, 2024
- 1 min read
US-headquartered electronics manufacturer Tigo Energy published its financial results for the first quarter of 2024, with revenues of US$9.8 million and gross profit of US$2.8 million. The company saw an improvement in adjusted EBITDA losses. CEO Zvi Alon highlighted the reduction of industry-wide inventory overhang challenges. The launch of TS4-X series of module optimisers was also mentioned.
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