$TYGO
TIGO ENERGY, INC.

2023 Q3 Form 10-Q Financial Statement

#000095017023041891 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $17.10M $68.83M $0.00
YoY Change
Cost Of Revenue $12.95M $42.92M
YoY Change -20.26% 254.51%
Gross Profit $4.158M $25.91M
YoY Change -36.89% 368.29%
Gross Profit Margin 24.31% 37.64%
Selling, General & Admin $12.95M $14.82M
YoY Change 83.44% 322.98%
% of Gross Profit 311.47% 57.2%
Research & Development $2.425M $2.424M
YoY Change 49.6% 70.82%
% of Gross Profit 58.32% 9.36%
Depreciation & Amortization $200.0K $200.0K
YoY Change 0.0% 100.0%
% of Gross Profit 4.81% 0.77%
Operating Expenses $15.38M $17.24M $862.8K
YoY Change 6583.76% 9433.31% 205.01%
Operating Profit -$11.22M $8.665M
YoY Change 4776.37% -4891.34%
Interest Expense -$2.875M -$1.587M $935.4K
YoY Change -645.57% -1159.98% 10652.07%
% of Operating Profit -18.32%
Other Income/Expense, Net -$51.24M $41.77M
YoY Change -9822.72% 27801.04%
Pretax Income $40.02M -$33.11M $72.63K
YoY Change 13377.52% 106274.3% -126.49%
Income Tax $11.00M -$10.90M $302.0K
% Of Pretax Income 27.49% 415.81%
Net Earnings $29.06M -$22.18M -$229.4K
YoY Change 13850.45% 62372.89% -16.34%
Net Earnings / Revenue 169.88% -32.22%
Basic Earnings Per Share $0.50 -$0.84
Diluted Earnings Per Share -$0.27 -$0.84 -$0.02
COMMON SHARES
Basic Shares Outstanding 58.14M 5.715M 14.84M
Diluted Shares Outstanding 68.37M 27.75M

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.575M $18.06M $88.11K
YoY Change 2367.54% 4396.12% -89.02%
Cash & Equivalents $2.240M $11.73M $88.11K
Short-Term Investments $4.335M $6.335M
Other Short-Term Assets $2.775M $3.782M $285.5K
YoY Change 1531.11% 1706.11% 51.37%
Inventory $57.44M $50.64M $24.92M
Prepaid Expenses $150.1K
Receivables $20.36M $45.82M $15.82M
Other Receivables $0.00 $0.00
Total Short-Term Assets $117.3M $155.9M $373.6K
YoY Change 26755.49% 25408.28% -62.31%
LONG-TERM ASSETS
Property, Plant & Equipment $2.763M $2.837M $1.652M
YoY Change
Goodwill $13.08M $13.08M
YoY Change
Intangibles $2.260M $2.327M $0.00
YoY Change
Long-Term Investments $4.335M $6.335M $24.68M
YoY Change -96.31% -94.58% -78.86%
Other Assets $725.0K $722.0K $0.00
YoY Change 4814.91% -100.0%
Total Long-Term Assets $25.89M $39.26M $24.68M
YoY Change -77.96% -66.43% -78.88%
TOTAL ASSETS
Total Short-Term Assets $117.3M $155.9M $373.6K
Total Long-Term Assets $25.89M $39.26M $24.68M
Total Assets $143.1M $195.1M $25.05M
YoY Change 21.42% 66.0% -78.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.49M $54.12M $666.8K
YoY Change 12588.45% 47904.26% 172.41%
Accrued Expenses $6.405M $6.545M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $10.00M
YoY Change
Total Short-Term Liabilities $30.15M $66.52M $1.062M
YoY Change 12122.27% 56693.03% 333.78%
LONG-TERM LIABILITIES
Long-Term Debt $29.33M $27.08M $0.00
YoY Change
Other Long-Term Liabilities $714.0K $2.332M
YoY Change
Total Long-Term Liabilities $30.05M $29.42M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $30.15M $66.52M $1.062M
Total Long-Term Liabilities $30.05M $29.42M $0.00
Total Liabilities $67.31M $164.7M $1.062M
YoY Change 27192.96% 140528.1% 333.78%
SHAREHOLDERS EQUITY
Retained Earnings -$61.01M -$90.06M -$584.0K
YoY Change 17105.34% 15900.9% 43.93%
Common Stock $6.000K $6.000K $334.00
YoY Change 1696.41% 1696.41% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $75.83M $30.43M -$332.2K
YoY Change
Total Liabilities & Shareholders Equity $143.1M $195.1M $25.05M
YoY Change 21.42% 66.0% -78.74%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income $29.06M -$22.18M -$229.4K
YoY Change 13850.45% 62372.89% -16.34%
Depreciation, Depletion And Amortization $200.0K $200.0K
YoY Change 0.0% 100.0%
Cash From Operating Activities -$24.45M -$4.314M -$329.5K
YoY Change 17979.28% 3184.6% 546.01%
INVESTING ACTIVITIES
Capital Expenditures $345.0K $1.960M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $11.55M -$50.48M $93.71M
YoY Change
Cash From Investing Activities $11.21M -$52.44M $93.71M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.755M 30.73M -93.55M
YoY Change
NET CHANGE
Cash From Operating Activities -24.45M -4.314M -329.5K
Cash From Investing Activities 11.21M -52.44M 93.71M
Cash From Financing Activities 3.755M 30.73M -93.55M
Net Change In Cash -9.485M -26.03M -178.4K
YoY Change 6915.01% 19720.31% 249.66%
FREE CASH FLOW
Cash From Operating Activities -$24.45M -$4.314M -$329.5K
Capital Expenditures $345.0K $1.960M
Free Cash Flow -$24.79M -$6.274M
YoY Change

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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37717000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid
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us-gaap Income Taxes Paid
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us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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tygo Property Plant And Equipment In Accounts Payable
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tygo Property Plant And Equipment In Accounts Payable
PropertyPlantAndEquipmentInAccountsPayable
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tygo Non Cash Consideration Paid For Acquisition
NonCashConsiderationPaidForAcquisition
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tygo Contingent Shares Liability From Acquisition
ContingentSharesLiabilityFromAcquisition
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tygo Fair Value Of Derivative Note Liability At Issuance
FairValueOfDerivativeNoteLiabilityAtIssuance
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tygo Convertible Preferred Stock Dividends Of Non Cash Investing And Financing Activities
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tygo Reclassification Of Deferred Issuance Costs To Additional Paid In Capital
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tygo Conversion Of Convertible Preferred Stock Into Common Stock In Connection With Business Combination
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tygo Issuance Of Preferred Stock Upon Exercise Of Preferred Warrants
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tygo Unrealized Gain Resulting From Change In Fair Value Of Marketable Securities
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us-gaap Nature Of Operations
NatureOfOperations
<div style="text-indent:0.0%;display:flex;margin-top:12.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.537%;">1.</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Nature of Operations </span></div></div><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Tigo Energy, Inc. (f/k/a Roth CH Acquisition IV Co.) and subsidiaries (together, the “Company”) consists of Tigo Energy, Inc. (“Tigo”), its wholly-owned direct subsidiary: Tigo Energy MergeCo, Inc. (f/k/a Tigo Energy, Inc.) (“Legacy Tigo”), and its wholly-owned indirect subsidiaries: Tigo Energy Israel Ltd., Foresight Energy, Ltd. (“fSight”), Tigo Energy Italy SRL, Tigo Energy Systems Trading (Suzhou) and Tigo Energy Australia Pty Ltd. Prior to the consummation of the Business Combination (as defined below), the operations of the Company were conducted through Legacy Tigo. Legacy Tigo was incorporated in Delaware in 2007 and commenced operations in 2010.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company provides solar and energy storage solutions, including Module Level Power Electronics (“MLPE”) designed to maximize the energy output of individual solar modules, delivering more energy, active management, and enhanced safety for utility, commercial, and residential solar arrays. The Company is headquartered in Campbell, California with offices in Europe, Asia and the Middle East.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Entry into a Material Definitive Agreement</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">On December 5, 2022, Roth CH Acquisition IV Co., a Delaware corporation (“ROCG”), Roth IV Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of ROCG (“Merger Sub”), and Legacy Tigo, entered into an Agreement and Plan of Merger, as amended on April 6, 2023 (the “Merger Agreement”), pursuant to which, among other transactions, on May 23, 2023 (the “Closing Date”), Merger Sub merged with and into Legacy Tigo (the “Merger”), with Legacy Tigo surviving the Merger as a wholly-owned subsidiary of ROCG (the Merger, together with the other transactions described in the Merger Agreement, the “Business Combination”). In connection with the closing of the Business Combination, ROCG changed its name to “Tigo Energy, Inc.”</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Please refer to Note 3 “Merger with ROTH CH Acquisition IV Co.” for additional details regarding the Business Combination.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Basis of Presentation</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Any reference in these notes to applicable guidance is meant to refer to GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) promulgated by the Financial Accounting Standards Board (“FASB”).</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Pursuant to the Business Combination, the merger between ROCG and Legacy Tigo was accounted for as a reverse recapitalization in accordance with U.S. GAAP (the “Reverse Recapitalization”). Under this method of accounting, ROCG was treated as the “acquired” company for financial reporting purposes. Accordingly, for accounting purposes, the Reverse Recapitalization was treated as the equivalent of Legacy Tigo issuing stock for the net assets of ROCG, accompanied by a recapitalization. The net assets of ROCG are stated at historical cost, with no goodwill or other intangible assets recorded. The consolidated assets, liabilities and results of operations prior to the Reverse Recapitalization are those of Legacy Tigo. The shares and corresponding capital amounts and earnings per share available for common stockholders, prior to the Business Combination, have been retroactively restated as shares reflecting the exchange ratio established in the Business Combination.</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:11.0pt;font-family:&quot;Calibri&quot;, sans-serif;min-width:fit-content;"> </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Please refer to Note 3 “Merger with ROTH CH Acquisition IV Co.” for additional details regarding the Business Combination.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all normal and recurring adjustments (which consist primarily of accruals, estimates and assumptions that impact the unaudited condensed consolidated financial statements) considered necessary to present fairly Tigo’s consolidated financial position as of June 30, 2023 and its consolidated results of operations, cash flows, and convertible preferred stock and changes in stockholders’ equity for the six months ended June 30, 2023 and 2022. Operating results for the six months ended June 30, 2023, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2023. The unaudited condensed consolidated financial statements, presented herein, do not contain all of the required disclosures under GAAP for annual consolidated financial statements. The condensed consolidated balance sheet as of December 31, 2022, has been derived from the audited consolidated balance sheet as of that date. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements and related notes thereto for the year ended December 31, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">.</span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical information and various other assumptions that are believed to be reasonable under the circumstances. Examples of such estimates include, among other things, the valuation of share-based awards, the recoverability of long-lived assets, the assessment of intangible assets and goodwill for impairment, the determination of the incremental borrowing rate for operating leases, provisions for warranty and expected credit losses, inventory obsolescence, sales returns, future price concessions, fair value of the derivative liability and tax contingencies and valuation allowances as well the estimated useful lives of property, plant and equipment and acquired intangible assets. Actual results may materially differ from these estimates. On an ongoing basis, the Company reviews its estimates to ensure that these estimates appropriately reflect changes in its business or new information as it becomes available.</span></p>
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us-gaap Revenues Net Of Interest Expense
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us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
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us-gaap Common Stock Conversion Basis
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CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2023Q2 tygo Common Stock Warrants Exercised
CommonStockWarrantsExercised
0
tygo Common Stock Warrants Exercised
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CY2023Q1 tygo Business Combination Consideration Transferred Excluding Consideration On Loan
BusinessCombinationConsiderationTransferredExcludingConsiderationOnLoan
13100000
CY2023Q1 us-gaap Common Stock Shares Issued
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CY2023Q1 us-gaap Fair Value Hedge Assets At Fair Value
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CY2022Q4 us-gaap Fair Value Hedge Assets At Fair Value
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CY2023Q2 us-gaap Fair Value Hedge Assets At Fair Value
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CY2023Q2 tygo Liability Fair Value
LiabilityFairValue
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CY2023Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
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CY2023Q2 tygo Contingent Shares Liability Fair Value Current
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CY2023Q2 tygo Contingent Shares Liability Fair Value Non Current
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1600000
CY2023Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
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2200000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
2400000
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
47000
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
42810491
tygo Convertible Preferred Stock Warrant
ConvertiblePreferredStockWarrant
276641
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
5768750
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1915372
us-gaap Incremental Common Shares Attributable To Written Put Options
IncrementalCommonSharesAttributableToWrittenPutOptions
4649864
us-gaap Incremental Common Shares Attributable To Written Put Options
IncrementalCommonSharesAttributableToWrittenPutOptions
4608671
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
5454545
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10418614
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
49611175
CY2023Q2 tygo Total Current Assets
TotalCurrentAssets
43909000
CY2023Q2 tygo Total Longterm Assets Marketable Securities
TotalLongtermAssetsMarketableSecurities
6335000
CY2023Q2 tygo Total Available For Sale Marketable Securities
TotalAvailableForSaleMarketableSecurities
50244000
CY2021Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
487000
CY2022 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
1020000
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
1507000
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
501000
tygo Issuance Of Preferred Stock Upon Exercise Of Preferred Warrants Value
IssuanceOfPreferredStockUponExerciseOfPreferredWarrantsValue
2008000
CY2023Q2 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
58100000
CY2023Q2 us-gaap Fair Value Option Ineligible Items Aggregate Carrying Amount
FairValueOptionIneligibleItemsAggregateCarryingAmount
27100000
CY2022Q4 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
21000000
CY2022Q4 us-gaap Fair Value Option Ineligible Items Aggregate Carrying Amount
FairValueOptionIneligibleItemsAggregateCarryingAmount
20600000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68826000000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17639000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
118884000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27558000000
CY2023Q1 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
1608000
CY2022Q1 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
851000
CY2022Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
1122000
CY2021Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
451000
CY2023Q2 tygo Contract With Customer Liability Deferral Of Revenue
ContractWithCustomerLiabilityDeferralOfRevenue
10971000
CY2022Q2 tygo Contract With Customer Liability Deferral Of Revenue
ContractWithCustomerLiabilityDeferralOfRevenue
4731000
tygo Contract With Customer Liability Deferral Of Revenue
ContractWithCustomerLiabilityDeferralOfRevenue
0
tygo Contract With Customer Liability Deferral Of Revenue
ContractWithCustomerLiabilityDeferralOfRevenue
6798000
CY2023Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
11956000
CY2022Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4480000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
23668000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
6147000
CY2023Q2 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
623000
CY2022Q2 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
1102000
CY2023Q2 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
623000
CY2022Q2 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
1102000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
600000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y8M12D
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
900000
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4626000
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3428000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4351000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3393000
CY2023Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
979000
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
257000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1351000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
308000
CY2023Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
112000
CY2022Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
209000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
39000
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5493000
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3662000
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5493000
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3662000
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
554000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1869000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
31000
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
50773000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
23293000
CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
688000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
278000
CY2023Q2 us-gaap Inventory Net
InventoryNet
50639000
CY2022Q4 us-gaap Inventory Net
InventoryNet
24915000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6441000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4844000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3604000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3192000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2837000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1652000
CY2023Q2 us-gaap Depreciation
Depreciation
200000
CY2022Q2 us-gaap Depreciation
Depreciation
100000
us-gaap Depreciation
Depreciation
400000
us-gaap Depreciation
Depreciation
200000
CY2023Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
931000
CY2022Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
829000
CY2023Q2 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
2192000
CY2022Q4 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
624000
CY2023Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
1194000
CY2022Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
9000
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
875000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2502000
CY2023Q2 tygo Accrued Warehouse And Freight
AccruedWarehouseAndFreight
218000
CY2022Q4 tygo Accrued Warehouse And Freight
AccruedWarehouseAndFreight
143000
CY2023Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
1489000
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
275000
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3433000
CY2023Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
10332000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
4382000
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3400000
CY2022Q2 tygo Amortization Of Debt Issuance Cost Interest Expense
AmortizationOfDebtIssuanceCostInterestExpense
100000
CY2023Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
50000000
CY2022 tygo Series Covertible Promissory Note
SeriesCovertiblePromissoryNote
20833000
CY2023Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
50000000
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
20833000
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
22916000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
191000
CY2022Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
10000000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
27084000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10642000
CY2023Q1 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
50000000
CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2026-01-09
us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
interest is payable semiannually beginning July 2023.
us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
1200000
us-gaap Debt Conversion Description
DebtConversionDescription
the Convertible Promissory Note may be converted at the option of the note holder into the Company’s common stock or an equivalent equity instrument resulting from a public company event. The conversion price is based on a pre-money valuation divided by the aggregate number of the Company’s outstanding shares at the issuance date and adjusted for any cash dividends paid on the Company's capital stock. The conversion price and number of conversion shares are subject to standard anti-dilution adjustments. Upon a change of control event the note holder may (i) convert the Convertible Promissory Note immediately prior to the event into the Company’s common stock at a conversion price equal to the lesser of the Convertible Promissory Note’s original conversion price or the price per share of the Company’s common stock implied by the change of control event transaction agreement or (ii) require the redemption of the Convertible Promissory Note in cash, including the payment of a make-whole amount of all unpaid interest that would have otherwise been payable had the Convertible Promissory Note remained outstanding through the maturity date.
CY2023Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
23500000
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
50000000
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
50000000
CY2023Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
22900000
CY2022Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
200000
CY2023Q2 tygo Amortization Of Debt Issuance Cost Interest Expense
AmortizationOfDebtIssuanceCostInterestExpense
1
tygo Amortization Of Debt Issuance Cost Interest Expense
AmortizationOfDebtIssuanceCostInterestExpense
1000000
tygo Amortization Of Debt Issuance Cost Interest Expense
AmortizationOfDebtIssuanceCostInterestExpense
200000
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
us-gaap Common Stock Voting Rights
CommonStockVotingRights
Each share of Common Stock entitles the holder to one vote on all matters submitted to a vote of the Company’s stockholders.
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
22590443
CY2023Q2 tygo Warrants Exercised
WarrantsExercised
0
tygo Warrants Exercised
WarrantsExercised
0
tygo Warrants Exercisable And Expiry Period Description
WarrantsExercisableAndExpiryPeriodDescription
The Warrants will expire five years from the date of closing of the Business Combination.
CY2023Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0
CY2022 tygo Business Acquisition Shares Exchange Ratio
BusinessAcquisitionSharesExchangeRatio
0.00233335
CY2022Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
47484663
CY2022Q4 tygo Temporary Equity Shares Issued And Outstanding
TemporaryEquitySharesIssuedAndOutstanding
46467565
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
87140000
CY2022Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
131207000
tygo Stock Options Percentage
StockOptionsPercentage
1.10
tygo Common Stock Options Exercises Shares
CommonStockOptionsExercisesShares
1458
CY2023Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
63000
CY2022Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
6000
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
112000
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
12000
CY2023Q2 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
273000
CY2022Q2 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
5000
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
446000
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
9000
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
31000
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
3000
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
54000
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
5000
CY2023Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
129000
CY2022Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
12000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
251000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
26000
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
496000
CY2022Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
26000
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
863000
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
52000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4269402
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.08
CY2022 tygo Sharebased Compensation Arrangement By Sharebased Payment Awards Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardsOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y25D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
38929000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
617009
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.18
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
151338
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.62
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
86667
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.84
CY2023Q2 tygo Share Based Compensation Arrangement By Shares Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsOutstandingNumber
4648406
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.16
tygo Sharebased Compensation Arrangement By Sharebased Payment Awards Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardsOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y11M4D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
76195000
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2746023
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.67
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y11M15D
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
49087000
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4649864
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.16
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y11M4D
tygo Business Acquisition Shares Exchange Ratio
BusinessAcquisitionSharesExchangeRatio
0.00233335
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
6500000
tygo Stock Based Compensation Weightedaverage Period
StockBasedCompensationWeightedaveragePeriod
P3Y2M12D
tygo Expected Dividend Yield Percentage
ExpectedDividendYieldPercentage
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.691
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.546
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.038
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.031
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y9M18D
CY2023Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P12M
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
283000
us-gaap Operating Lease Cost
OperatingLeaseCost
477000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
73000
us-gaap Variable Lease Cost
VariableLeaseCost
135000
CY2023Q2 us-gaap Lease Cost
LeaseCost
356000
us-gaap Lease Cost
LeaseCost
612000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
399000
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
638000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1247000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
492000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
355000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
341000
CY2023Q2 tygo Lessee Operating Lease Liability Payments Due After Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFour
125000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3198000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
259000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2939000
CY2023Q2 us-gaap Goodwill Gross
GoodwillGross
13100000
CY2023Q2 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
2440000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-113000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2327000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
0
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
67000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
100000
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
137000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
270000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
270000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
270000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
262000
CY2023Q2 tygo Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
1118000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2327000
CY2023Q2 tygo Income Tax Benefit And Valuation Allowances
IncomeTaxBenefitAndValuationAllowances
11100000
tygo Income Tax Benefit And Valuation Allowances
IncomeTaxBenefitAndValuationAllowances
11100000
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7100000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10900000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10900000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.328
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.415
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
100000

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