Maxeon Solar Technologies(MAXN) - 2021 Q3 - Earnings Call Presentation

Financial Performance - Total revenue for Q3 FY21 was $220 million, compared to $176 million in Q2 FY21 and $207 million in Q3 FY20 [8, 10, 12] - The company reported a GAAP gross loss of $16.708 million in Q3 FY21 [17] - Adjusted EBITDA for Q3 FY21 was a loss of $33.099 million [19] - The outlook for Q4 2021 includes revenue between $215 million and $235 million, and an adjusted EBITDA loss between $32 million and $42 million [14] Production and Capacity - The company's capacity expansion plan is on track, with over 3x capacity expansion planned [4] - Maxeon 6 first 200MW on track to be online in 2021 [6] - Q4 2021 shipments are expected to be between 540 MW and 570 MW [14] Market and Strategy - Distributed Generation (DG) channel saw 24% year-on-year revenue growth [6] - Approximately 400MW added to US Utility-Scale bookings [3, 6] - The company is making progress on its three strategic pillars: Panel Innovation, Focused Utility-Scale Approach, and Differentiated Global DG Brand and Channel [6]