Core Insights - Complete Solar announced preliminary Q3'24 financial results with revenue of $117.3 million and a loss of $42.0 million following the merger with SunPower [1][2] - The company plans to present its Rev. 5 Annual Operating Plan aimed at achieving breakeven operating income by 2025, which includes cutting headcount and other costs [2][3] - A revenue forecast of $100 million for Q4'24 has been provided, reflecting adjustments from Q3'24 results [3] Financial Performance - Q3'24 revenue breakdown includes: - New Homes: $53.2 million with a loss of $12.0 million - Blue Raven Solar: $43.5 million with a loss of $6.8 million - Dealer Division: $20.6 million with a loss of $22.2 million - Total GAAP operating loss for Q3'24 was $64.1 million, while the non-GAAP net loss was $41.0 million [3][9] Cost Management - The company has implemented a $25.8 million reduction in operating expenses for Q4'24 [3] - Non-GAAP adjustments for Q3'24 included $9.225 million in stock-based compensation and $13.905 million in restructuring charges, totaling $23.130 million [7][10] Strategic Direction - Complete Solar has become a leading solar services provider in North America following its acquisition of SunPower assets, focusing on digital platforms and installation services [4]

OREM, Utah, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Complete Solar Holdings, Inc. d/b/a Complete Solar (“Complete Solar” or the “Company”) (Nasdaq: CSLR), a solar technology, services, and installation company, today announced preliminary Q3’24 financial results of $117.3 million in revenue with a $42.0 million loss for the post-merger company combining CSLR and SunPower. Complete Solar CEO, T.J. Rodgers said, “On Wednesday, November 6, 2024, at our Orem, Utah HQ, we will present to over 1,000 employees the detai ...

LEHI, Utah, Nov. 03, 2024 (GLOBE NEWSWIRE) -- Complete Solar Holdings, Inc. d/b/a Complete Solar (“Complete Solar” or the “Company”) (Nasdaq: CSLR), a solar technology, services, and installation company, today announced it will release its financial and operational results, for the third quarter of 2024, after market close on Wednesday, November 13, 2024. T.J. Rodgers and the Complete Solar management team will also host a webcast conference call on November 13, 2024, at 5:00 PM ET. Interested parties may ...

LEHI, Utah, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Complete Solar Holdings, Inc. d/b/a Complete Solar ("Complete Solar" or the "Company") (Nasdaq: CSLR), a solar technology, services, and installation company, today announced the appointment of Dan Myers to the position of Executive Vice President, New Homes Division, effective immediately. Mr. Myers will report to CEO, T.J. Rodgers and have financial and general management responsibility for the Company's New Homes Division, which supports builders who create n ...

I initiated coverage of Complete Solaria (NASDAQ: CSLR ) last October with a sell rating at $1.6 stock price. The company had a high cash burn rate and an over leveraged balance sheet at that time, prompting my sell recommendation. Following Mandela has been a cryptocurrency enthusiast and trader since 2017. He loves coding and writing about cryptocurrencies and crypto investment strategies. He has an in-depth understanding of distributed ledger technology, the Web3 technology stack, and crypto investing. H ...

Complete Solaria, Inc. (NASDAQ:CSLR) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants T.J. Rodgers - CEO Brian Wuebbels - COO Cole Farmer - VP of Sales and Marketing Conference Call Participants T.J. Rodgers Hi, my name is T.J. Rodgers. I'm the CEO of Complete Solaria. And today, we're going to give you the second quarter report. I'm going to introduce the gentleman on the far side, during my pitch. This is Dan Foley, who's our new CFO, started today. Excuse me. This is the f ...

Second Quarter Update August 14, 2024 1 T.J. Rodgers Q2'24 Investor Meeting 8/14/24 T.J. Rodgers Q2'24 Investor Meeting 8/14/24 Disclaimer This presentation may not be retained by you, and neither this presentation nor the information contained herein may be reproduced, redistributed or provided to any other person or published, in whole or in part, for any purpose, without the express and prior written consent of Complete Solaria, Inc. ("Complete Solaria"). This presentation contains "forward‐looking" stat ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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) | --- | --- | |-----------------------------------------|------------- ...

Core Insights - Complete Solaria, Inc. has secured a "Stalking Horse" position in the Chapter 11 bankruptcy of SunPower, allowing it to set the first bid and negotiate the Asset Purchase Agreement [1] - The proposed plan involves merging Complete Solaria with Blue Raven and Core Energies, aiming to create a competitive solar power entity while reducing the workforce from 2,587 to 1,273 [1] - Complete Solaria offers a comprehensive solar solution, including financing, project fulfillment, and customer service, facilitated by its digital platform and premium solar products [2] Company Overview - Complete Solaria is recognized for its unique technology and end-to-end customer offerings in the solar industry [2] - The company is based in Lehi, Utah, and is part of a growing solar ecosystem in Salt Lake's "Solar Valley," which hosts over 20 solar companies [1]

About Complete Solar Herman Chang, CEO of StarCharge Energy PTE LTD said, "We are delighted to participate in this investment together with the NextG investment group and look forward to collaborating with companies led by T.J. Rodgers in the future." T.J. Rodgers, Complete Solar's CEO, said, "We thank our friends StarCharge and the NextG Fund for their support in completing our convertible debenture, which will provide us with all the funding we need to achieve profitability." Readers should carefully cons ...