← TIGO ENERGY, INC.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — ($7.0m) ($984k) ($62.7m) ($1.9m)
Net Income (Loss) Attributable to Parent ($2k) ($403k) ($178k) ($984k) ($62.7m) ($1.9m)
Net Income (Loss) Available to Common Stockholders, Basic — — ($7.0m) ($3.0m) ($62.7m) ($1.9m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($2k) ($403k) ($178k) — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — ($4.4m) ($62.7m) —
Depreciation, Depletion and Amortization — — $562k $1.1m $1.2m $1.3m
Depreciation — — $562k $900k $900k $1.0m
Amortization of Intangible Assets — — — — $300k $300k
Depreciation Amortization Depletion — — $562k $1.1m $1.2m $1.3m
Deferred Income Tax Expense (Benefit) — — — ($21k) ($181k) ($66k)
Deferred Income Tax — — $0 ($21k) — —
Deferred Tax — — $0 ($21k) — —
Share-based Payment Arrangement, Noncash Expense — — — $3.8m $7.7m $7.9m
Payment, Tax Withholding, Share-based Payment Arrangement — — — $91k $122k $367k
Goodwill, Impairment Loss — — — — $0 —
Gain (Loss) on Disposition of Intangible Assets — — — — — $14.6m
Gain (Loss) on Disposition of Property Plant Equipment — — $135k ($17k) — ($12k)
Gain (Loss) on Extinguishment of Debt — — — ($171k) — ($1.1m)
Income Tax Expense (Benefit) — — $395k $138k $103k $603k
Interest Expense Nonoperating — — — — $11.4m $11.0m
Other Nonoperating Income (Expense) — — — $37k ($245k) ($192k)
Non-cash interest expense — — $256k $5.5m $8.9m $8.6m
Operating lease liabilities — — ($447k) ($1.0m) ($1.2m) ($605k)
Operating lease right of use assets obtained in exchange for operating lease liabilities — — $1.8m $2.2m $195k $1.7m
Changes in operating assets and liabilities:
Non-cash transactions:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — ($5.2m) ($570k) $5.9m
Increase (Decrease) in Inventories — — — $37.2m ($16.3m) $10.8m
Increase (Decrease) in Accounts Payable — — — ($8.6m) ($6.6m) $20.9m
Fair Value, Option, Changes in Fair Value, Gain (Loss) — — — $501k — —
Gain (Loss) on Sale of Derivatives — — — ($171k) — —
General and Administrative Expense — — — $28.8m $21.1m $22.2m
Goodwill — — — $12.2m $12.2m $12.2m
Inventory Write-down — — — $713k $23.1m $1.5m
Investment Income, Interest — $13k $1.6m $2.3m $867k $919k
Marketable Securities, Unrealized Gain (Loss) — — — ($59k) $61k ($2k)
Nonoperating Income (Expense) — — $1.6m $7.4m ($10.6m) $3.2m
Operating Costs and Expenses $2k $416k $1.4m — — —
Operating Expenses — — — $59.6m $47.8m $48.9m
Payments of Financing Costs — — — $358k — —
Proceeds from Stock Options Exercised — — — $215k $272k $157k
Stock or Unit Option Plan Expense — — — $9.6m $6.9m $4.0m
Net loss — ($403k) ($178k) ($984k) ($62.7m) ($1.9m)
Provision to write down inventories to net realizable value — — $123k $713k $23.1m $1.5m
Change in fair value of contingent shares liability — — $1.0m ($1.1m) ($152k) —
Stock-based compensation — — $813k $3.8m $7.7m $7.9m
Change in allowance for credit losses — — $596k $3.9m ($1.7m) ($17k)
Non-cash lease expense — — $535k $996k $1.1m $906k
Accretion of interest on marketable securities — — — ($508k) ($354k) ($467k)
Accounts receivable — — ($12.5m) $5.2m $570k ($5.9m)
Inventory — — ($15.0m) ($37.2m) $16.3m ($10.8m)
Prepaid expenses and other assets — — ($2.5m) ($1.3m) $1.7m ($1.8m)
Accounts payable — — $10.9m ($8.6m) ($6.6m) $20.9m
Accrued expenses and other liabilities — — $952k $3.4m ($793k) ($232k)
Deferred revenue — — $673k ($321k) $368k $652k
Warranty liability — — $958k $1.3m $166k $3.5m
Purchase of marketable securities — — — ($53.5m) ($11.0m) ($31.3m)
Sales and maturities of marketable securities — — — $25.1m $32.0m $39.9m
Proceeds from exercise of stock options — — $325k $215k $272k $157k
Proceeds from at-the-market offering — — — — $16k $13.5m
Payment of offering costs related to at-the-market offering — ($496k) — — ($227k) —
Payment of tax withholdings on restricted stock awards — — — ($91k) ($122k) ($367k)
Non-cash consideration paid for fSight acquisition — — — $11.0m $375k —
Unrealized gain resulting from change in fair value of marketable securities — — — ($59k) $61k ($2k)
Beginning Cash Position — — $7.5m $37.7m $4.4m $11.7m
Cash Flow From Continuing Financing Activities — — $48.3m $34.8m ($61k) ($37.0m)
Cash Flow From Continuing Investing Activities — — ($1.6m) ($30.9m) $19.8m $22.6m
Change In Account Payable — — $10.9m ($8.6m) ($6.6m) $20.9m
Change In Accrued Expense — — $952k $3.4m ($793k) ($232k)
Change In Inventory — — ($15.0m) ($37.2m) $16.3m ($10.8m)
Change In Other Current Liabilities — — $511k $278k ($1.0m) $3.2m
Change In Other Working Capital — — $538k ($321k) $368k $652k
Change In Payable — — $10.9m ($8.6m) ($6.6m) $20.9m
Change In Payables And Accrued Expense — — $11.8m ($5.2m) ($7.4m) $20.7m
Change In Prepaid Assets — — ($2.5m) ($1.3m) $1.7m ($1.8m)
Change In Receivables — — ($12.5m) $5.2m $570k ($5.9m)
Change In Working Capital — — ($17.1m) ($38.5m) $10.5m $6.0m
Changes In Account Receivables — — ($12.5m) $5.2m $570k ($5.9m)
Changes In Cash — — $30.2m ($33.3m) $7.3m ($4.1m)
End Cash Position — — $37.7m $4.4m $11.7m $7.7m
Financing Cash Flow — — $48.3m $34.8m ($61k) ($37.0m)
Free Cash Flow — — ($17.6m) ($39.8m) ($13.6m) $9.7m
Gain Loss On Investment Securities — $260k $1.0m ($13.4m) ($152k) —
Gain Loss On Sale Of PPE — — $0 $17k $0 ($14.6m)
Investing Cash Flow — — ($1.6m) ($30.9m) $19.8m $22.6m
Issuance Of Capital Stock — — $41.0m $0 $16k $13.5m
Net Business Purchase And Sale — — $0 ($16k) $0 —
Net Intangibles Purchase And Sale — — $0 ($450k) $0 $14.6m
Net PPE Purchase And Sale — — ($1.1m) ($2.1m) ($1.3m) ($642k)
Net Preferred Stock Issuance — $15.0m $41.0m $0 — —
Operating Gains Losses — — $4.6m ($13.2m) ($152k) ($13.5m)
Other Non Cash Items — — $908k $6.0m $9.7m $9.0m
Preferred Stock Issuance — $15.0m $41.0m $0 — —
Proceeds From Stock Option Exercised — — $325k $3.9m $272k $157k
Provisionand Write Offof Assets — — $719k $4.6m $21.4m $1.5m
Purchase Of Business — — $0 ($16k) $0 —
Purchase Of Intangibles — — $0 ($450k) $0 —
Purchase Of PPE — — ($1.1m) ($2.1m) ($1.3m) ($642k)
Sale Of Intangibles — — — — $0 $14.6m
Net Cash Provided by (Used in) Operating Activities ($2k) ($464k) ($866k) ($37.2m) ($12.4m) $10.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — ($1.1m) $2.1m $1.3m $642k
Property, plant and equipment acquisitions funded by liabilities — — $135k $2.1m $1.3m $642k
Net Investment Purchase And Sale — — ($456k) ($28.3m) $21.0m $8.6m
Purchase Of Investment — — ($456k) ($53.5m) ($11.0m) ($31.3m)
Sale Of Investment — — $0 $25.1m $32.0m $39.9m
Net Cash Provided by (Used in) Investing Activities — ($116.7m) $93.7m ($30.9m) $19.8m $22.6m
Cash flows from financing activities:
Issuance Of Debt — $901k $25.0m $50.0m $0 —
Long Term Debt Issuance — $901k $25.0m $50.0m $0 —
Net Issuance Payments Of Debt — — $10.8m $29.2m $0 ($50.2m)
Net Long Term Debt Issuance — — $10.8m $29.2m $0 ($50.2m)
Long Term Debt Payments — — ($14.2m) ($20.8m) $0 ($50.2m)
Repayment Of Debt — — ($14.2m) ($20.8m) $0 ($50.2m)
Common Stock Issuance — — — $0 $16k $13.5m
Net Common Stock Issuance — — — $0 $16k $13.5m
Cash Dividends Paid — $0 $0 $0 — —
Net Other Financing Charges — — ($3.8m) $1.8m ($349k) ($367k)
Net Cash Provided by (Used in) Financing Activities ($469) $118.0m ($93.6m) $34.8m ($61k) ($37.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($2k) $780k ($714k) ($33.3m) $7.3m ($4.1m)
Net (decrease) increase in cash — $780k ($714k) ($33.3m) $7.3m ($4.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $23k $803k $88k $4.4m $11.7m $7.7m
Cash and cash equivalents at beginning of period — $803k $88k $4.4m $11.7m $7.7m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — $30.2m ($33.3m) $7.3m ($4.1m)
Cash paid for interest — $0 $1.2m $1.4m $2.5m $3.6m
Income Taxes Paid, Net — — $109k $95k $575k $263k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.