Supply-Demand issues hinder Maxeon’s growth

In Q3 2023, Maxeonss shipments declined to 628 MW from 807 MW YoY, leading to a revenue drop from $275,449K to $227,630K, over same period. Q3 gross profit was $2,728K, significantly lower than $56,223K in Q2 2023. Looking to Q4 2023, the company anticipates shipments between 610 MW and 650 MW, with revenue projected at $220 million to $260 million.