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Complete financial analysis of Maxeon Solar Technologies, Ltd. (MAXN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Maxeon Solar Technologies, Ltd., a leading company in the Solar industry within the Energy sector.
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Maxeon Solar Technologies, Ltd. (MAXN)
About Maxeon Solar Technologies, Ltd.
Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 1.12B | 1.06B | 783.28M | 844.84M | 1.20B | 912.31M |
| Cost of Revenue | 1.04B | 1.11B | 812.29M | 854.62M | 1.20B | 1.36B |
| Gross Profit | 78.12M | -47.95M | -29.01M | -9.78M | -2.31M | -449.93M |
| Gross Profit Ratio | 6.96% | -4.52% | -3.70% | -1.16% | -0.19% | -49.32% |
| Research & Development | 45.70M | 49.68M | 46.53M | 34.19M | 37.00M | 50.03M |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 126.17M | 100.55M | 88.82M | 86.20M | 96.86M | 82.04M |
| Other Expenses | 125.45M | 2.22M | -33.69M | 36.35M | -1.96M | 13.47M |
| Operating Expenses | 297.32M | 150.23M | 135.35M | 120.40M | 133.85M | 132.07M |
| Cost & Expenses | 1.34B | 1.26B | 947.64M | 975.01M | 1.33B | 1.49B |
| Interest Income | 9.39M | 27.81M | 27.85M | 31.86M | 25.83M | 0.00 |
| Interest Expense | 42.44M | 27.81M | 27.85M | 31.86M | 25.83M | 25.89M |
| Depreciation & Amortization | 55.88M | 56.74M | 42.21M | 47.33M | 53.45M | 82.89M |
| EBITDA | -175.21M | -141.33M | -169.01M | -46.50M | -84.16M | -493.40M |
| EBITDA Ratio | -15.60% | -13.18% | -19.90% | -5.50% | -7.07% | -53.23% |
| Operating Income | -219.21M | -200.29M | -172.45M | -130.18M | -135.65M | -589.77M |
| Operating Income Ratio | -19.52% | -18.89% | -22.02% | -15.41% | -11.32% | -64.65% |
| Total Other Income/Expenses | -54.32M | -25.59M | -66.62M | 4.49M | -27.79M | -12.42M |
| Income Before Tax | -273.53M | -225.88M | -239.06M | -125.69M | -163.44M | -602.19M |
| Income Before Tax Ratio | -24.35% | -21.31% | -30.52% | -14.88% | -13.64% | -66.01% |
| Income Tax Expense | -626.00K | 32.19M | 203.00K | 12.13M | 10.12M | -1.05M |
| Net Income | -275.83M | -258.07M | -239.27M | -137.81M | -173.56M | -603.81M |
| Net Income Ratio | -24.56% | -24.34% | -30.55% | -16.31% | -14.48% | -66.18% |
| EPS | -594.63 | -6.31 | -6.39 | -5.62 | -8.16 | -20.36 |
| EPS Diluted | -594.63 | -6.31 | -6.39 | -5.62 | -8.16 | -20.36 |
| Weighted Avg Shares Out | 463.87K | 40.92M | 37.46M | 24.50M | 21.26M | 29.66M |
| Weighted Avg Shares Out (Dil) | 463.87K | 40.92M | 37.46M | 24.50M | 21.26M | 29.66M |
Maxeon Solar Technologies, Ltd. (MAXN) Reports Q3 Loss, Tops Revenue Estimates
Maxeon Solar Technologies, Ltd. (MAXN) came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of a loss of $11.50.
Maxeon Solar Technologies Announces Third Quarter 2024 Financial Results
SINGAPORE , Dec. 5, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) ("Maxeon" or "the Company"), a global leader in solar innovation and channels, today announced its financial results for the third quarter ended September 29, 2024.
Maxeon Announces Restructuring of Business Portfolio
Maxeon to Focus Exclusively on U.S. Market, Executes Term Sheets with TCL Group to Address Rest-of-World Markets SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Maxeon Solar Technologies (NASDAQ: MAXN) today announced a broad strategic restructuring of the Company's business portfolio and...
Maxeon Provides Update on CBP Detention of its Solar Panels
SAN JOSE, Calif. , Nov. 14, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd.
Will Maxeon Solar Technologies, Ltd. (MAXN) Report Negative Q3 Earnings?
Maxeon Solar Technologies (MAXN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wall Street Analysts Predict an 1112.96% Upside in Maxeon Solar Technologies (MAXN): Here's What You Should Know
The average of price targets set by Wall Street analysts indicates a potential upside of 1113% in Maxeon Solar Technologies (MAXN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate...
Maxeon Announces CEO Leadership Transition
Bill Mulligan to retire early next year; Former TCL Communication Technology CEO George Guo named new Maxeon CEO SINGAPORE , Oct. 16, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today...
Maxeon Receives Nasdaq Notification and is Proceeding with Approved Reverse Stock Split
SINGAPORE , Sept. 20, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd.
Cypress Creek Renewables Selects Maxeon Solar Solutions for Major Utility Scale Projects
ANAHEIM, Calif. , Sept. 10, 2024 /PRNewswire/ -- RE + 2024 -- Today at RE+ 2024, the largest clean energy event in North America, Maxeon Solar Technologies, Ltd.
Maxeon Recognizes Outstanding Solar Partners at RE+ Clean Energy Event
ANAHEIM, Calif. , Sept. 9, 2024 /PRNewswire/ -- RE+ 2024 -- Kicking off RE+ 2024, the largest clean energy event in North America today, Maxeon Solar Technologies, Ltd.
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