Financial Snapshot

Revenue
$947.7M
TTM
Gross Margin
1.3%
TTM
Net Earnings
-$178.3M
TTM
Current Assets
$389.1M
Q2 2024
Current Liabilities
$285.7M
Q2 2024
Current Ratio
136.2%
Q2 2024
Total Assets
$764.2M
Q2 2024
Total Liabilities
$791.1M
Q2 2024
Book Value
-$26.93M
Q2 2024
Cash
$81.38M
Q2 2024
P/E
-0.8561
Nov 15, 2024 EST
Free Cash Flow
-$377.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.060B $783.3M $844.8M $844.8M $1.198B $912.3M
YoY Change 35.34% -7.28% 0.0% -29.5% 31.35%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.060B $783.3M $844.8M $844.8M $1.198B $912.3M
Cost Of Revenue $1.108B $812.3M $854.6M $854.6M $1.201B $1.008B
Gross Profit -$47.95M -$29.01M -$9.800M -$9.800M -$2.300M -$95.20M
Gross Profit Margin -4.52% -3.7% -1.16% -1.16% -0.19% -10.44%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $100.5M $88.82M $86.20M $86.20M $96.90M $82.00M
YoY Change 13.2% 3.04% 0.0% -11.04% 18.17%
% of Gross Profit
Research & Development $49.68M $46.53M $34.20M $34.20M $37.00M $50.00M
YoY Change 6.78% 36.04% 0.0% -7.57% -26.0%
% of Gross Profit
Depreciation & Amortization $56.22M $42.21M $47.33M $47.33M $53.45M $82.89M
YoY Change 33.19% -10.82% 0.0% -11.45% -35.52%
% of Gross Profit
Operating Expenses $152.3M $135.3M $120.4M $120.4M $133.8M $132.1M
YoY Change 12.56% 12.42% 0.0% -10.01% 1.29%
Operating Profit -$200.3M -$164.4M -$130.2M -$130.2M -$136.1M -$227.3M
YoY Change 21.86% 26.24% 0.0% -4.34% -40.12%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $27.81M -$62.32M -$31.90M -$31.90M -$25.80M -$25.90M
YoY Change -144.63% 95.35% 0.0% 23.64% -0.39%
% of Operating Profit
Other Income/Expense, Net -$25.59M $775.0K $36.30M $36.30M -$2.000M $13.50M
YoY Change -3401.81% -97.87% 0.0% -1915.0% -114.81%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$225.9M -$239.1M -$125.7M -$125.7M -$163.4M -$602.2M
YoY Change -5.51% 90.19% 0.0% -23.07% -72.87%
Income Tax $32.19M $203.0K $12.10M $12.10M $10.10M -$1.100M
% Of Pretax Income
Net Earnings -$267.4M -$254.5M -$142.6M -$142.6M -$183.1M -$603.8M
YoY Change 5.07% 78.49% 0.0% -22.12% -69.68%
Net Earnings / Revenue -25.23% -32.49% -16.88% -16.88% -15.28% -66.18%
Basic Earnings Per Share -$6.54 -$6.79 -$5.82
Diluted Earnings Per Share -$6.54 -$6.795M -$5.820M -$5.82 -$8.596M -$28.35M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $304.4M $167.6M $208.1M $208.1M $127.1M $101.7M
YoY Change 81.61% -19.45% 0.0% 63.73% 24.98%
Cash & Equivalents $227.4M $166.5M $206.7M $206.7M $121.0M $101.7M
Short-Term Investments $76.97M $1.079M $1.400M $1.400M $6.200M $0.00
Other Short-Term Assets $100.3M $28.20M $24.10M $24.10M $9.500M $8.500M
YoY Change 255.47% 17.03% 0.0% 153.68% 11.76%
Inventory $303.2M $212.8M $169.2M $169.2M $194.9M $222.8M
Prepaid Expenses
Receivables $54.30M $39.73M $76.70M $76.70M $150.4M $73.80M
Other Receivables $28.85M $84.75M $69.10M $69.10M $136.2M $61.10M
Total Short-Term Assets $791.0M $533.1M $547.2M $547.2M $618.1M $468.0M
YoY Change 48.38% -2.57% 0.0% -11.47% 32.07%
Property, Plant & Equipment $398.3M $402.0M $260.4M $260.4M $300.0M $285.7M
YoY Change -0.92% 54.39% 0.0% -13.2% 5.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $6.000M
YoY Change -100.0%
Other Assets $70.77M $120.3M $123.1M $123.1M $53.10M $65.80M
YoY Change -41.16% -2.31% 0.0% 131.83% -19.3%
Total Long-Term Assets $469.4M $523.4M $433.1M $433.1M $372.1M $503.3M
YoY Change -10.33% 20.85% 0.0% 16.39% -26.07%
Total Assets $1.260B $1.057B $980.3M $980.3M $990.2M $971.3M
YoY Change
Accounts Payable $247.9M $270.5M $159.2M $159.2M $286.5M $199.4M
YoY Change -8.36% 69.9% 0.0% -44.43% 43.68%
Accrued Expenses $111.3M $71.63M $49.30M $49.30M $72.80M $74.30M
YoY Change 55.33% 45.29% 0.0% -32.28% -2.02%
Deferred Revenue
YoY Change
Short-Term Debt $50.53M $25.36M $48.40M $48.40M $60.40M $39.70M
YoY Change 99.27% -47.61% 0.0% -19.87% 52.14%
Long-Term Debt Due $25.43M
YoY Change
Total Short-Term Liabilities $576.2M $421.0M $308.1M $308.1M $520.7M $399.0M
YoY Change 36.86% 36.66% 0.0% -40.83% 30.5%
Long-Term Debt $380.3M $146.0M $136.0M $136.0M $1.500M $2.100M
YoY Change 160.48% 7.34% 0.0% 8966.67% -28.57%
Other Long-Term Liabilities $240.9M $133.5M $96.90M $96.90M $100.1M $134.0M
YoY Change 80.49% 37.77% 0.0% -3.2% -25.3%
Total Long-Term Liabilities $621.2M $279.5M $232.9M $232.9M $101.6M $136.1M
YoY Change 122.27% 20.0% 0.0% 129.23% -25.35%
Total Liabilities $1.218B $707.1M $547.7M $547.7M $628.0M $537.1M
YoY Change 72.25% 29.1% 0.0% -12.79% 16.92%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 40.92M shares 37.46M shares 24.50M shares
Diluted Shares Outstanding 40.92M shares 37.46M shares 24.50M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $152.59 Million

About Maxeon Solar Technologies Ltd

Maxeon Solar Technologies Ltd. engages in the manufacturer and marketer of premium solar power technology. The company employs 3,888 full-time employees The company went IPO on 2020-08-14. The firm designs and manufactures Maxeon and SunPower brand solar panels. The company has sales operations in more than 100 countries, operating under the SunPower brand in certain countries outside the United States. The firm is engaged in solar innovation with access to approximately 1,900 patents to design innovative and sustainably made solar panels and energy solutions for residential, commercial, and power plant customers. Its primary products are the Maxeon line of interdigitated back contact solar cells and panels, and the Performance line of shingled solar cells and panels. Its technology platforms, including the Maxeon line and Performance line, target distinct market segments, serving both the DG and power plant markets. Its products include SunPower Maxeon solar panels, SunPower Performance solar panels, and SunPower AC Module.

Industry: Semiconductors & Related Devices Peers: