All Shareholder Proposals Pass with Wide Margins Business Update Call Scheduled for June 5th at 10am PT OREM, Utah, May 30, 2025 (GLOBE NEWSWIRE) -- SunPower (aka Complete Solaria, Inc.) (“SunPower” or the “Company”) (Nasdaq: SPWR), a solar technology, services, and installation company, held its Annual Meeting yesterday, May 29th at 11:00 a.m. Pacific Time. All 12 SunPower proposals won with votes of 95% or higher, including: 1. the re-election of our 11 Board members, 2. re-hiring BDO as our auditor, and ...

Financial Data and Key Metrics Changes - The company reported a stable revenue forecast of $80 million for the upcoming quarter, with a worst-case scenario of $75 million, indicating resilience despite potential market fluctuations [15][16] - The company anticipates that even with adverse ITC decisions, it could see a revenue drop to $71 million in 2026 without incurring losses, showcasing a strong profit outlook for the next year [15][16] Business Line Data and Key Metrics Changes - No specific data on individual business lines was provided in the meeting Market Data and Key Metrics Changes - The company is currently navigating ITC market issues, which may cause some revenue instability in the short term, but overall forecasts remain positive [14][15] Company Strategy and Development Direction and Industry Competition - The approval of the equity incentive plan amendment allows the company to reserve additional shares for growth through acquisitions, indicating a strategic focus on expansion [11][13] - The company is preparing for potential challenges in the ITC landscape, with management expressing confidence in navigating these issues without significant financial impact [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current ITC market problems but expressed confidence in the company's ability to maintain profitability and stability in revenue [15][16] - A more detailed analysis of the ITC issues is expected in the following week, indicating ongoing monitoring and strategic planning [14] Other Important Information - The company successfully elected all director nominees and ratified the selection of BDO as the independent registered accounting firm for 2025 [11] Q&A Session Summary Question: What is the outlook for revenue given the current ITC issues? - Management indicated that despite potential revenue fluctuations due to ITC market problems, the forecast remains stable at $80 million, with a worst-case scenario of $75 million [15] Question: How will the company handle potential revenue drops in 2026? - Management stated that even if revenue falls to $71 million in 2026, the company would still remain profitable, demonstrating strong financial health [15][16]

Annual Report on Form 10-K Filed on April 30, 2025OREM, Utah, May 02, 2025 (GLOBE NEWSWIRE) -- SunPower (aka Complete Solaria, Inc.) (“SunPower” or the “Company”) (Nasdaq: SPWR), today announced that it received an expected deficiency notification letter from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) on April 28, 2025 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because it did not timely ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 29, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40117 COMPLETE SOLARIA, INC. (Exact name of registrant as specified in its charter) | Delaware | 93-2279786 | | --- | --- | | (State or other j ...

Complete Solaria (CSLR) Q1 2025 Earnings Call April 30, 2025 01:00 PM ET Company Participants Sioban Hickie - VP - IRT.J. Rodgers - CEO & ChairmanRichard Swanson - Technology ConsultantMehran Sedigh - EVP Storage Systems Division & CTO Conference Call Participants Derek Soderberg - Director, Senior Equity Research Analyst Sioban Hickie Hello. My name is Siobhan Hickey, VP of Investor Relations, and I would like to welcome everyone to SunPower's Q1 twenty twenty five earnings call. A few housekeeping items b ...

Financial Data and Key Metrics Changes - SunPower reported $121.27 million in profit for Q1 2025, a significant increase from a loss of $5.9 million in the prior quarter [7] - Non-GAAP profit for the quarter was $121.27 million, up from $81.1 million in the previous quarter, indicating a 49% increase [8][9] - The company achieved profitability and was cash flow positive during the quarter, marking a turnaround in financial performance [7][8] Business Line Data and Key Metrics Changes - The company is currently generating over $80 million in revenue per quarter, with plans to increase this figure [11] - The headcount has been reduced from 3,500 employees post-merger to 906, reflecting a significant cost-cutting effort [12][13] - The company is tracking revenue per employee, currently at $369,000, which is considered strong for the solar industry [24] Market Data and Key Metrics Changes - SunPower's performance is slightly ahead of competitors in the market, which are experiencing declines [66] - The company is focusing on maintaining solid financials amidst a challenging market environment, with a strategy to avoid the pitfalls that led to the bankruptcy of other solar companies [67][70] Company Strategy and Development Direction - SunPower is rebranding and restructuring to enhance its market position, with a focus on technology and innovation [67][88] - The company is forming strategic partnerships to support growth, including a partnership with a sales firm named Sundar [59] - SunPower aims to regain its technological edge by collaborating with companies like REC and Enphase for solar panels and inverters [88][111] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the renewable energy sector, noting the transition to a dominant energy source as solar becomes the lowest cost form of electrical energy [46][47] - The company is focused on improving customer service and quality to differentiate itself from competitors [103][106] - Management acknowledged the need for immediate action to retain key employees while reducing headcount, indicating a balanced approach to cost management [38][39] Other Important Information - The company has strengthened its board with experienced directors from public companies to enhance governance [60][62] - SunPower is implementing a disciplined approach to managing headcount and costs, with regular tracking of employee metrics [17][19] - The company is committed to maintaining a strong customer focus, emphasizing the importance of customer satisfaction in its operations [103][106] Q&A Session Summary Question: What is the company's strategy for growth in the current market? - Management highlighted the importance of strategic partnerships and technological innovation as key components of their growth strategy [59][88] Question: How is the company addressing customer service issues? - Management emphasized a commitment to improving customer service and quality, with a focus on treating customers well to avoid negative publicity [103][106] Question: What measures are being taken to ensure financial stability? - The company is actively managing costs through headcount reductions and disciplined financial tracking to maintain profitability [12][17][38]

Exhibit 99.1 SunPower Reports Q1'25: $80.2M Revenue, $1.3M Profit First Profitable Quarter In Four Years OREM, Utah (April 30, 2025) – SunPower, formerly d/b/a Complete Solaria, Inc. ("SunPower" or the "Company") (Nasdaq: SPWR), a solar technology, services, and installation company, will present its 2024 and Q1'25 results via webcast at 1:00pm ET on Wednesday, April 30. Interested parties may access the webcast by registering here or by visiting the Events page within the IR section of the company website: ...

First Profitable Quarter In Four YearsOREM, Utah, April 30, 2025 (GLOBE NEWSWIRE) -- SunPower, formerly d/b/a Complete Solaria, Inc. (“SunPower” or the “Company”) (Nasdaq: SPWR), a solar technology, services, and installation company, will present its 2024 and Q1’25 results via webcast at 1:00pm ET on Wednesday, April 30. Interested parties may access the webcast by registering here or by visiting the Events page within the IR section of the company website: https://investors.sunpower.com/news-events/events ...

Core Viewpoint - Complete Solar, Inc. has announced a revised date for its upcoming earnings call, where it will present its audited 2024 financial results and unaudited Q1'25 results on April 30, 2025 [1][2]. Financial Results - The company will present the results of the first two quarters of the combined entity, which is expected to show positive operating income and cash flow for Q1'25, consistent with prior public guidance [2][3]. Audit and Reporting Delays - The delay in the earnings report from April 23 to April 30 is due to a one-week delay in the SEC 10K filing, caused by the complexity of auditing the financials of three previously independent companies: Complete Solar, old SunPower, and Blue Raven [3][4]. - The audit is now expected to be completed by April 25, 2025, rather than the previously anticipated April 14 [3]. Company Background - Complete Solar has recently acquired SunPower assets, positioning itself as a leading residential solar services provider in North America [4]. - The company is actively pursuing a Sarbanes-Oxley (SOX) program to enhance financial controls, with expectations for future audits to be completed on or ahead of schedule and at a lower cost to shareholders [4].

OREM, Utah, April 18, 2025 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. d/b/a Complete Solar (Nasdaq: CSLR), a solar technology, services, and installation company, today announced that it revised the date for its upcoming earnings call, and Complete Solar will present its audited 2024 financial results and unaudited Q1’25 results in a quarterly investor report on April 30, 2025 at 1:00pm ET. Interested parties may access the webcast by registering here or by visiting the Events page within the IR section of ...