May 10 (Renewables Now) - SunPower Corp (NASDAQ:SPWR) estimates it could reach the breakeven point in the second quarter of 2019 and even raised its full-year guidance for adjusted EBITDA.
The solar panels manufacturer and installer said in a statement it continues to expect its financial performance to get better with each coming quarter throughout the year, with performance weighted towards July-December 2019.
Below you can see the company’s projections for the second quarter and full year 2019.
|Figures in USD, unless otherwise noted||Q2 2019||New 2019||Old 2019|
|GAAP revenue||370 million-410 million||1.8 billion-1.9 billion||1.8 billion-1.9 billion|
|GAAP gross margin||0%-3%||--||--|
|GAAP net profit (loss)||breakeven-20 million||(120 million)-(100 million)||--|
|Non-GAAP revenue||420 million-460 million||1.9 billion-2.0 billion||1.9 billion-2.0 billion|
|Non-GAAP gross margin||7%-10%||--||--|
|Adjusted EBITDA||(5 million)-15 million||90 million-110 million||80 million-110 million|
|Operational expenses||--||Less than 270 million||--|
In April-June 2019, SunPower expects to deploy between 550 MW and 600 MW, whilst the full-year projected range is 1.9 GW-2.1 GW.
(USD 1.0 = EUR 0.891)