MAXEON SOLAR TECHNOLOGIES Reports Fourth Quarter Earnings for FY2022
March 28, 2023
Earnings Overview
On March 7 2023, MAXEON SOLAR TECHNOLOGIES ($BER:5QJ) reported its financial results for the fourth quarter of FY2022, which ended on December 31 2022. The total revenue for the quarter was USD -75.7 million, which reflected a 3.2% decrease from the corresponding period in the prior year. In contrast, net income rose significantly by 46.1% to USD 323.5 million.
Share Price
This reflects the confidence investors have in the company and its operations. The company attributed its success to its innovative products and services, along with its strong customer base. MAXEON SOLAR TECHNOLOGIES also highlighted its ability to rapidly respond to customer needs, ensuring that customers continue to receive quality products and services. The company is optimistic about the future and plans to continue to focus on high-quality product offerings and customer service to drive growth. MAXEON SOLAR TECHNOLOGIES is confident that this approach will be successful in the long run and will lead to increased shareholder value and positive investor sentiment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 5QJ. More…
| Total Revenues | Net Income | Net Margin |
| 1.06k | -267.42 | -25.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 5QJ. More…
| Operations | Investing | Financing |
| 3.44 | -139.3 | 211.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 5QJ. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.26k | 1.21k | 0.94 |
Key Ratios Snapshot
Some of the financial key ratios for 5QJ are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.0% | – | -18.7% |
| FCF Margin | ROE | ROA |
| -5.7% | -148.0% | -9.8% |
Analysis
At GoodWhale, we recently conducted an analysis of MAXEON SOLAR TECHNOLOGIES’ wellbeing. Based on our Risk Rating, MAXEON SOLAR TECHNOLOGIES is a medium risk investment in terms of financial and business aspects. We have detected one risk warning in the cashflow statement, which we recommend you take a closer look at. To gain full access to our findings, you will need to register with GoodWhale. We invite you to become a registered user and explore the detailed analysis of MAXEON SOLAR TECHNOLOGIES. More…
Summary
MAXEON SOLAR TECHNOLOGIES reported their fourth quarter earnings for FY2022 on March 7 2023. Revenue decreased by 3.2%, but net income rose by 46.1%. This presents an interesting investment opportunity for those interested in solar energy.
Despite the slight drop in revenue, the company’s ability to achieve a large increase in net income indicates that they have a sound financial strategy. Market trends and customer feedback must also be considered when investing in MAXEON SOLAR TECHNOLOGIES and further research is needed to determine its long-term growth potential.
Related Posts
Recent Posts
