$TYGO
TIGO ENERGY, INC.

2024 Q4 Form 10-Q Financial Statement

#000095017024122269 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $14.24M
YoY Change -16.76%
Cost Of Revenue $12.46M
YoY Change -3.73%
Gross Profit $1.774M
YoY Change -57.34%
Gross Profit Margin 12.46%
Selling, General & Admin $9.758M
YoY Change -24.65%
% of Gross Profit 550.06%
Research & Development $2.433M
YoY Change 0.33%
% of Gross Profit 137.15%
Depreciation & Amortization $200.0K
YoY Change 0.0%
% of Gross Profit 11.27%
Operating Expenses $12.19M
YoY Change -20.71%
Operating Profit -$10.42M
YoY Change -7.14%
Interest Expense -$2.861M
YoY Change -0.49%
% of Operating Profit
Other Income/Expense, Net -$2.700M
YoY Change -94.73%
Pretax Income -$13.12M
YoY Change -132.78%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$13.12M
YoY Change -145.14%
Net Earnings / Revenue -92.13%
Basic Earnings Per Share -$0.22
Diluted Earnings Per Share -$0.22
COMMON SHARES
Basic Shares Outstanding 60.74M 60.48M
Diluted Shares Outstanding 60.61M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.50M
YoY Change 196.64%
Cash & Equivalents $9.461M
Short-Term Investments $10.04M
Other Short-Term Assets $3.594M
YoY Change 29.51%
Inventory $46.79M
Prepaid Expenses
Receivables $8.828M
Other Receivables $0.00
Total Short-Term Assets $78.72M
YoY Change -32.87%
LONG-TERM ASSETS
Property, Plant & Equipment $3.044M
YoY Change 10.17%
Goodwill $12.21M
YoY Change -6.65%
Intangibles $1.989M
YoY Change -11.99%
Long-Term Investments
YoY Change
Other Assets $772.0K
YoY Change 6.48%
Total Long-Term Assets $19.86M
YoY Change -23.31%
TOTAL ASSETS
Total Short-Term Assets $78.72M
Total Long-Term Assets $19.86M
Total Assets $98.57M
YoY Change -31.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.84M
YoY Change -39.25%
Accrued Expenses $5.429M
YoY Change -15.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $19.90M
YoY Change -33.98%
LONG-TERM LIABILITIES
Long-Term Debt $38.28M
YoY Change 30.48%
Other Long-Term Liabilities $6.925M
YoY Change 869.89%
Total Long-Term Liabilities $38.28M
YoY Change 27.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.90M
Total Long-Term Liabilities $38.28M
Total Liabilities $65.10M
YoY Change -3.29%
SHAREHOLDERS EQUITY
Retained Earnings -$111.7M
YoY Change 83.14%
Common Stock $6.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $33.47M
YoY Change
Total Liabilities & Shareholders Equity $98.57M
YoY Change -31.14%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$13.12M
YoY Change -145.14%
Depreciation, Depletion And Amortization $200.0K
YoY Change 0.0%
Cash From Operating Activities -$535.0K
YoY Change -97.81%
INVESTING ACTIVITIES
Capital Expenditures $339.0K
YoY Change -1.74%
Acquisitions
YoY Change
Other Investing Activities -$4.706M
YoY Change -140.74%
Cash From Investing Activities -$5.045M
YoY Change -145.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -102.0K
YoY Change -102.72%
NET CHANGE
Cash From Operating Activities -535.0K
Cash From Investing Activities -5.045M
Cash From Financing Activities -102.0K
Net Change In Cash -5.682M
YoY Change -40.09%
FREE CASH FLOW
Cash From Operating Activities -$535.0K
Capital Expenditures $339.0K
Free Cash Flow -$874.0K
YoY Change -96.47%

Facts In Submission

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dei Entity Registrant Name
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Tigo Energy, Inc.
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655 Campbell Technology Parkway
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CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023Q2 tygo Stock Issued During Period Value Restricted Stock Award Forfeitures And Surrendered In Lieu Of Withholding Taxes
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2023Q2 tygo Issuance Of Preferred Stock Upon Exercise Of Preferred Warrants Value
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CY2023Q2 tygo Stock Issued During Period Value Conversion Of Preferred Stock To Common Stock
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CY2023Q2 tygo Purchase Price Adjustment In Connection With Acquisition
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CY2023Q2 tygo Stock Issued During Period Value Business Combination
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q3 tygo Reclassification Of Convertible Note Derivative Liability To Equity Amount
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CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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25000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1274000
CY2023Q3 us-gaap Net Income Loss
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CY2023Q3 us-gaap Stockholders Equity
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tygo Business Acquisition Shares Exchange Ratio
BusinessAcquisitionSharesExchangeRatio
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CY2024Q3 tygo Business Acquisition Shares Exchange Ratio
BusinessAcquisitionSharesExchangeRatio
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tygo Business Acquisition Shares Exchange Ratio
BusinessAcquisitionSharesExchangeRatio
0.233335
CY2023Q3 tygo Business Acquisition Shares Exchange Ratio
BusinessAcquisitionSharesExchangeRatio
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tygo Business Acquisition Shares Exchange Ratio
BusinessAcquisitionSharesExchangeRatio
0.233335
tygo Business Acquisition Shares Exchange Ratio
BusinessAcquisitionSharesExchangeRatio
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Inventory Write Down
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3879000
us-gaap Inventory Write Down
InventoryWriteDown
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tygo Changes In Fair Value Of Preferred Stock Warrant And Contingent Shares Liability
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tygo Changes In Fair Value Of Preferred Stock Warrant And Contingent Shares Liability
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tygo Change In Fair Value Of Derivative Liability
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us-gaap Deferred Income Tax Expense Benefit
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ShareBasedCompensation
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us-gaap Provision For Other Losses
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us-gaap Gain Loss On Sale Of Derivatives
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tygo Non Cash Lease Expense
NonCashLeaseExpense
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tygo Non Cash Lease Expense
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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260000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
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333000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Expenses Other
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1975000
us-gaap Increase Decrease In Deferred Revenue
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429000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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tygo Increase Decrease In Warranty Liability
IncreaseDecreaseInWarrantyLiability
75000
tygo Increase Decrease In Warranty Liability
IncreaseDecreaseInWarrantyLiability
1456000
tygo Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
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tygo Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
53483000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
16000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
450000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
757000
us-gaap Payments To Acquire Property Plant And Equipment
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1855000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
25818000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
14885000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18305000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-40919000
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
50000000
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-20833000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
358000
tygo Proceeds From Business Combination Financing Activities
ProceedsFromBusinessCombinationFinancingActivities
2238000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
272000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
212000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
114000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
91000
tygo Proceeds From Common Stock Warrant Redemption Net Of Issuance Costs And Payments To Warrant Holders Of Non Redeemed Warrants
ProceedsFromCommonStockWarrantRedemptionNetOfIssuanceCostsAndPaymentsToWarrantHoldersOfNonRedeemedWarrants
3653000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
158000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
34821000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5056000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-35477000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4405000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37717000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9461000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2240000
us-gaap Interest Paid
InterestPaid
2500000
us-gaap Interest Paid
InterestPaid
168000
us-gaap Income Taxes Paid
IncomeTaxesPaid
547000
us-gaap Income Taxes Paid
IncomeTaxesPaid
48000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
159000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2187000
tygo Property Plant And Equipment In Accounts Payable
PropertyPlantAndEquipmentInAccountsPayable
39000
tygo Property Plant And Equipment In Accounts Payable
PropertyPlantAndEquipmentInAccountsPayable
38000
tygo Non Cash Consideration Paid For Acquisition
NonCashConsiderationPaidForAcquisition
375000
tygo Non Cash Consideration Paid For Acquisition
NonCashConsiderationPaidForAcquisition
10974000
tygo Contingent Shares Liability From Acquisition
ContingentSharesLiabilityFromAcquisition
2167000
tygo Unrealized Gain Resulting From Change In Fair Value Of Marketable Securities
UnrealizedGainResultingFromChangeInFairValueOfMarketableSecurities
62000
tygo Unrealized Gain Resulting From Change In Fair Value Of Marketable Securities
UnrealizedGainResultingFromChangeInFairValueOfMarketableSecurities
-156000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
573000
tygo Fair Value Of Derivative Note Liability At Issuance
FairValueOfDerivativeNoteLiabilityAtIssuance
23525000
tygo Convertible Preferred Stock Dividends Of Non Cash Investing And Financing Activities
ConvertiblePreferredStockDividendsOfNonCashInvestingAndFinancingActivities
12581000
tygo Reclassification Of Deferred Issuance Costs To Additional Paid In Capital
ReclassificationOfDeferredIssuanceCostsToAdditionalPaidInCapital
2221000
tygo Conversion Of Convertible Preferred Stock Into Common Stock In Connection With Business Combination
ConversionOfConvertiblePreferredStockIntoCommonStockInConnectionWithBusinessCombination
87140000
tygo Issuance Of Preferred Stock Upon Exercise Of Preferred Warrants
IssuanceOfPreferredStockUponExerciseOfPreferredWarrants
2008000
tygo Reclassification Of Convertible Note Derivative Liability To Equity
ReclassificationOfConvertibleNoteDerivativeLiabilityToEquity
11278000
us-gaap Nature Of Operations
NatureOfOperations
<div class="item-list-element-wrapper" style="display:flex;margin-top:12pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:4.537%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">1.</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Nature of Operations </span></div></div><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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 and indirect subsidiaries: Tigo Energy MergeCo, Inc. (f/k/a Tigo Energy, Inc.) (“Legacy Tigo”), Tigo Energy Brasil Ltda., Tigo Energy Philippines Inc., Tigo Energy Israel Ltd., Tigo Energy AI Ltd. (f/k/a 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:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Entry into a Material Definitive Agreement</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Basis of Presentation</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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”). The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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 Closing Date, have been retroactively recasted as shares reflecting the exchange ratio established in the Business Combination.</span><span style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company has determined the functional currency of the subsidiaries to be the U.S. dollar. The Company remeasures monetary assets and liabilities of its foreign operations at exchange rates in effect at the balance sheet date and nonmonetary assets and liabilities at their historical exchange rates. Expenses are remeasured at the weighted-average exchange rates during the relevant reporting period. These remeasurement gains and losses are recorded in other income, net in the condensed consolidated statements of operations and comprehensive (loss) income and were not material for the three and nine months ended September 30, 2024, and 2023.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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 condensed consolidated balance sheet as of September 30, 2024 and its condensed consolidated statements of operations and comprehensive (loss) income, cash flows, and convertible preferred stock and changes stockholders’ equity (deficit) for the three and nine months ended September 30, 2024, and 2023. Operating results for the three</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">and nine months ended September 30, 2024</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024. 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, 2023, has been derived from the audited consolidated balance sheet as of that date. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on March 21, 2024.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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, provisions for warranty and expected credit losses, inventory obsolescence, sales returns, future price concessions, valuation allowances and the estimated useful lives of 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>
CY2023Q1 tygo Business Combination Consideration Transferred Excluding Consideration On Loan
BusinessCombinationConsiderationTransferredExcludingConsiderationOnLoan
13200000
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5598751
CY2023Q1 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
11000000
CY2022Q4 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
1400000
CY2023Q4 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
700000
CY2023Q1 tygo Increase Decrease On Contingent Shares Issuable
IncreaseDecreaseOnContingentSharesIssuable
5745
CY2023 tygo Increase Decrease On Contingent Shares Issuable
IncreaseDecreaseOnContingentSharesIssuable
252288
CY2024Q3 tygo Liability Fair Value
LiabilityFairValue
2100000
CY2024Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
400000
CY2024Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
200000
CY2024Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
100000
CY2024Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
3000000
CY2024Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
3000
CY2023Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
3000000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
200000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
400000
CY2023Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
47000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
200000
CY2024Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0
CY2024Q3 tygo Net Loss Income Attributable To Common Stockholders
NetLossIncomeAttributableToCommonStockholders
-13117000
CY2023Q3 tygo Net Loss Income Attributable To Common Stockholders
NetLossIncomeAttributableToCommonStockholders
29056000
tygo Net Loss Income Attributable To Common Stockholders
NetLossIncomeAttributableToCommonStockholders
-35944000
tygo Net Loss Income Attributable To Common Stockholders
NetLossIncomeAttributableToCommonStockholders
10391000
us-gaap Undistributed Earnings Loss From Continuing Operations Available To Common Shareholders Basic
UndistributedEarningsLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-4574000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 tygo Net Loss Income Attributable To Common Stockholders
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CY2023Q3 tygo Net Loss Income Attributable To Common Stockholders
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tygo Net Loss Income Attributable To Common Stockholders
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tygo Net Loss Income Attributable To Common Stockholders
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CY2023Q3 tygo Interest Expense And Change In Fair Value On Derivative Liability
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tygo Interest Expense And Change In Fair Value On Derivative Liability
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CY2024Q3 us-gaap Net Income Loss Attributable To Parent Diluted
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CY2023Q3 us-gaap Net Income Loss Attributable To Parent Diluted
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us-gaap Net Income Loss Attributable To Parent Diluted
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us-gaap Net Income Loss Attributable To Parent Diluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q3 tygo Outstanding Options And Restricted Stock Units
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CY2023Q3 tygo Legacy Warrants And Common Stock Warrants
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CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q3 us-gaap Earnings Per Share Diluted
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tygo Incremental Common Shares Attributable To Dilutive Effect Of Convertible Promissory Note
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CY2024Q3 tygo Total Current Assets Marketable Securities
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CY2023Q4 tygo Total Current Assets Marketable Securities
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CY2023Q4 tygo Total Longterm Assets Marketable Securities
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CY2023Q4 tygo Total Available For Sale Marketable Securities
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CY2024Q3 us-gaap Financial Instruments Owned At Fair Value
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CY2024Q3 us-gaap Fair Value Option Ineligible Items Aggregate Carrying Amount
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CY2023Q4 us-gaap Financial Instruments Owned At Fair Value
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CY2023Q4 us-gaap Fair Value Option Ineligible Items Aggregate Carrying Amount
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q2 us-gaap Deferred Revenue
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CY2022Q4 us-gaap Deferred Revenue
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CY2024Q3 us-gaap Deferred Revenue Revenue Recognized1
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CY2023Q3 us-gaap Deferred Revenue
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CY2024Q3 us-gaap Deferred Revenue
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CY2023Q3 us-gaap Deferred Revenue
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CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2024Q3 us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
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CY2024Q2 us-gaap Product Warranty Accrual
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CY2023Q2 us-gaap Product Warranty Accrual
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CY2023Q4 us-gaap Product Warranty Accrual
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CY2022Q4 us-gaap Product Warranty Accrual
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CY2024Q3 us-gaap Product Warranty Accrual Warranties Issued
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CY2023Q3 us-gaap Product Warranty Accrual Warranties Issued
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us-gaap Product Warranty Accrual Warranties Issued
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CY2024Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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CY2023Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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us-gaap Product Warranty Accrual Preexisting Increase Decrease
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us-gaap Product Warranty Accrual Preexisting Increase Decrease
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CY2024Q3 us-gaap Product Warranty Accrual Payments
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CY2024Q3 us-gaap Product Warranty Accrual
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CY2023Q3 us-gaap Product Warranty Accrual
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CY2024Q3 us-gaap Product Warranty Accrual
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CY2023Q3 us-gaap Product Warranty Accrual
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CY2024Q3 us-gaap Inventory Raw Materials
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CY2023Q4 us-gaap Inventory Raw Materials
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CY2024Q3 us-gaap Inventory Finished Goods
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CY2023Q4 us-gaap Inventory Finished Goods
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CY2023Q4 us-gaap Inventory Net
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CY2024Q3 us-gaap Inventory Valuation Reserves
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CY2023Q4 us-gaap Inventory Valuation Reserves
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us-gaap Production Related Impairments Or Charges
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CY2024Q3 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2024Q3 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2024Q3 us-gaap Depreciation
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CY2023Q3 us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Depreciation
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CY2024Q3 us-gaap Accrued Vacation Current
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CY2023Q4 us-gaap Accrued Vacation Current
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CY2024Q3 us-gaap Compensated Absences Liability
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CY2023Q4 us-gaap Compensated Absences Liability
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CY2024Q3 us-gaap Deposit Liabilities Accrued Interest
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CY2023Q4 us-gaap Deposit Liabilities Accrued Interest
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CY2024Q3 us-gaap Accrued Professional Fees Current
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CY2023Q4 us-gaap Accrued Professional Fees Current
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CY2024Q3 tygo Accrued Warehouse And Freight
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CY2023Q4 tygo Accrued Warehouse And Freight
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CY2024Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
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CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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CY2024Q3 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Other Liabilities Current
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CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
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CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023 tygo Accounts Receivable Allowance For Credit Loss Net Charges To Expense Or Revenue
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q4 us-gaap Convertible Long Term Notes Payable
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CY2024Q3 us-gaap Unamortized Debt Issuance Expense
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CY2023Q4 us-gaap Unamortized Debt Issuance Expense
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CY2024Q3 us-gaap Long Term Debt Noncurrent
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2024Q3 tygo Amortization Of Debt Issuance Cost Interest Expense
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CY2023Q3 tygo Amortization Of Debt Issuance Cost Interest Expense
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tygo Amortization Of Debt Issuance Cost Interest Expense
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us-gaap Debt Instrument Maturity Date
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us-gaap Debt Instrument Frequency Of Periodic Payment
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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.
us-gaap Default Longterm Debt Description Of Violation Or Event Of Default
DefaultLongtermDebtDescriptionOfViolationOrEventOfDefault
The Note Purchase Agreement defines events of default as the occurrence of any one of the following; 1) a default in payment of any part of principal or unpaid accrued interest on the Convertible Promissory Note when due and payable; 2) the Company issues a written statement that it is unable to pay its debts as they become due, or the Company files a voluntary petition for bankruptcy or insolvency proceeding, the Company, or its directors or majority shareholders take action looking to the dissolution or liquidation of the Company; 3) the involuntary bankruptcy of the Company defined as the commencement of any proceeding against the Company seeking any bankruptcy reorganization; 4) the Company defaults on any of its performance obligations under the Note Purchase Agreement; 5) any material portion of the assets of the Company or any subsidiary of the Company is seized or a levy is filed against such assets; 6) a default that remains uncured on any other agreement evidencing the indebtedness of the Company or its subsidiaries for an amount of $10 million or more whose terms allow for the acceleration of the repayment of such indebtedness due to the consummation of the transactions contemplated in this Note Purchase Agreement.
CY2024Q3 us-gaap Debt Default Longterm Debt Amount
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CY2024Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
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tygo Remeasurement Of Fair Value Of Conversion Options
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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50000000
CY2024Q3 us-gaap Long Term Debt
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CY2024Q3 us-gaap Common Stock Shares Authorized
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us-gaap Common Stock Voting Rights
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Each share of Common Stock entitles the holder to one vote on all matters submitted to a vote of the Company’s stockholders.
CY2024Q3 us-gaap Preferred Stock Shares Authorized
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CY2024Q3 us-gaap Preferred Stock Shares Outstanding
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CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2023Q4 us-gaap Temporary Equity Shares Outstanding
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tygo Stock Options Percentage
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CY2024Q3 us-gaap Employee Benefits And Share Based Compensation
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CY2023Q3 us-gaap Employee Benefits And Share Based Compensation
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us-gaap Employee Benefits And Share Based Compensation
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us-gaap Employee Benefits And Share Based Compensation
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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CY2024Q3 tygo Share Based Compensation Arrangement By Shares Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsOutstandingNumber
6056005
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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1759000
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
6056005
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
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us-gaap Stock Option Plan Expense
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tygo Stock Based Compensation Weightedaverage Period
StockBasedCompensationWeightedaveragePeriod
P2Y9M18D
tygo Expected Dividend Yield Percentage
ExpectedDividendYieldPercentage
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.723
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.681
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.035
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2024Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
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CY2024Q3 us-gaap Operating Lease Cost
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332000
CY2023Q3 us-gaap Operating Lease Cost
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325000
us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2024Q3 us-gaap Variable Lease Cost
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CY2023Q3 us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
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343000
us-gaap Variable Lease Cost
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234000
CY2024Q3 us-gaap Lease Cost
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435000
CY2023Q3 us-gaap Lease Cost
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us-gaap Lease Cost
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us-gaap Lease Cost
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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159000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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2187000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1022000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
743000
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P2Y6M
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
339000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
736000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
465000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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355000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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136000
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9000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2040000
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
134000
CY2024Q3 us-gaap Operating Lease Liability
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1906000
CY2024Q3 us-gaap Goodwill Gross
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12200000
CY2024Q3 us-gaap Capitalized Contract Cost Accumulated Amortization
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2440000
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-451000
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
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2440000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-248000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2192000
CY2024Q3 us-gaap Amortization Of Intangible Assets
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100000
CY2023Q3 us-gaap Amortization Of Intangible Assets
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100000
us-gaap Finitelived Intangible Assets Acquired1
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200000
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200000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
68000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
270000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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270000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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262000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
260000
CY2024Q3 tygo Finite Lived Intangible Asset Expected Amortization After Year Four
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859000
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
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1989000
CY2023Q3 tygo Income Tax Expense And Valuation Allowances
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11100000
CY2024Q3 us-gaap Income Tax Expense Benefit
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0
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16000
us-gaap Income Tax Expense Benefit
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29000
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.274
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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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
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0
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
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false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
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false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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false

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