What is Tigo Energy, Inc.'s debt issuance proceeds?

Tigo Energy, Inc. (TYGO) reported debt issuance proceeds of $50M in Q1 2023.

How has Tigo Energy, Inc.'s debt issuance proceeds changed year-over-year?

Tigo Energy, Inc.'s debt issuance proceeds increased by 700.0% year-over-year, from $6.25M to $50M.

What does debt issuance proceeds mean?

Cash received from issuing bonds, notes, term loans, and other debt instruments in the capital markets or from bank lending.

Tigo Energy, Inc. TYGO Debt Issuance Proceeds

Debt Issuance Proceeds at other companies

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$20M+300%

NeoVoltaNEOV

$250K—

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$70.81M—

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$150M+459%

Microvast Holdings, Inc.MVST

$51.72M+83.5%

Generac HoldingsGNRC

$243K-74.2%

Other financials

Income statement

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Revenue$25.2M+33.7%

Gross profit$10.8M+50.5%

Operating income-$2.4M+39.4%

Net income-$1.8M+75.0%

EPS (diluted)-$0.02+81.8%

Balance sheet

See full

Cash & equivalents$11.6M+36.1%

Total debt$2.5M-94.4%

Total equity$40.8M+982%

Total assets$74.9M+6.0%

Cash flow

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Operating cash flow-$9.3M-1,646%

CapEx$209.0K—

Free cash flow-$9.5M—

Valuation

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Market cap$176.87M+104%

Enterprise value$167.78M+34.8%

P/S1.6×+0.4×

Profitability

See full

Gross margin43.7%+43.3pp

Operating margin-3%-1.5pp

Net margin-44.5%-16.6pp

FCF margin-26.2%-0.8pp

Returns & leverage

See full

Return on equity-177.5%+1,848pp

Debt / equity0.1×-11.6×

Current ratio2.5×+1.6×

Where this comes from

Reported directly by Tigo Energy, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromConvertibleDebt.

The official record: Tigo Energy, Inc.’s 10-Q, filed May 14, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tigo Energy, Inc.'s debt issuance proceeds?: Tigo Energy, Inc. (TYGO) reported debt issuance proceeds of $50M in Q1 2023.
How has Tigo Energy, Inc.'s debt issuance proceeds changed year-over-year?: Tigo Energy, Inc.'s debt issuance proceeds increased by 700.0% year-over-year, from $6.25M to $50M.
What does debt issuance proceeds mean?: Cash received from issuing bonds, notes, term loans, and other debt instruments in the capital markets or from bank lending.