Maxeon Solar (MAXN) Earnings Call Presentation

Company Overview - Maxeon Solar Technologies reported revenue of $1.1 billion in 2023[8] - The company has a manufacturing capacity and offtake agreement of 3.5+ GW[10] - Maxeon's panels have a module efficiency of approximately 24%[22, 30] Financial Performance - Q1 2024 revenue was $187 million[60] - Q4 2022 revenue was $324 million[60] - Q1 2023 revenue was $318 million[60] - Q2 2023 revenue was $348 million[60] - Q3 2023 revenue was $228 million[60] - Q4 2023 revenue was $229 million[60] - Adjusted EBITDA for Q1 2024 was -$39 million[64, 65, 70] Geographical Revenue - In Q1 2024, the U S accounted for $133 million of the total revenue[67] - In Q4 2022, the U S accounted for $28 million of the total revenue[67] - In Q1 2023, the U S accounted for $131 million of the total revenue[67] - In Q2 2023, the U S accounted for $161 million of the total revenue[67] - In Q3 2023, the U S accounted for $194 million of the total revenue[67] - In Q4 2023, the U S accounted for $145 million of the total revenue[67] - The percentage of revenue from the U S increased from 50% in Q4 2022 to 62% in Q4 2023[69] - The percentage of revenue from the U S increased from 51% in Q1 2023 to 71% in Q1 2024[69]