LEHI, Utah, June 17, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR), a leading solar technology, services, and installation company, today announced a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended, of $10 million Convertible Senior Notes to an entity affiliated with Thurman J. Rodgers, Chief Executive Officer of CSLR (the "TJR Notes"). Cantor Fitzgerald & Co. served as Sole Financial Advisor to Complete Solaria and Cool ...

LEHI, Utah, June 13, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR), a leading solar technology, services, and installation company, today announced the appointment of Daniel Foley as Chief Financial Officer, effective July 1, 2024. Mr. Foley will report to Complete Solaria's CEO, TJ Rodgers. Rodgers said, "We needed an experienced, business savvy, high-tech CFO to seed our headquarters finance group in Lehi, Utah, a suburb of Salt Lake City, the center o ...

FREMONT, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR), a leading solar technology, services, and installation company, today announced the appointment of Aaron Semliatschenko to the position of VP, U.S. Operations. Mr. Semliatschenko will report to Complete Solaria's COO, Brian Wuebbels. Mr. Semliatschenko ran the San Diego operations of Tesla subsidiary Solar City for eight years ending in 2014. He then took over the San Diego operation ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40117 COMPLETE SOLARIA, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 93-2279786 (State or Other Jurisdiction of (I.R.S. Employer ...

FREMONT, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today announced that a significant Complete Solaria private equity debt holder, Carlyle, has agreed to release the Company from its debt obligations in return for a third-party cash payment. T.J. Rodgers, Complete Solaria's Chief Executive Officer said, "The Carlyle debt, which has prevented the Company from raising money in the market, will be replaced with $10 million in debt from a ...

财务数据和关键指标变化 - 第一季度收入为1000万美元,较上一季度下降了一半 [12][14] - 毛利率为24%,低于目标40%以上,但预计第二季度能突破30% [15][22] - 员工人数从428人下降到109人,裁员幅度达到75% [15][31] - 营业费用从1290万美元下降到550万美元,预计第二季度能降至360万美元 [16][17] 各条业务线数据和关键指标变化 - 公司重组了产品线,分为加州、其他美国地区和星巴克/新建筑等三大业务线 [28][29] - 公司与星巴克合作,已完成33家门店的升级,并获得42个新合同 [29][30] 各个市场数据和关键指标变化 - 公司主要市场为加州,其次为德克萨斯州和东海岸地区 [28] - 公司正面临中国光伏组件价格下跌的挑战,这给公司的成本和毛利带来压力 [100][101][102] 公司战略和发展方向及行业竞争 - 公司正在努力提高生产效率和缩短交付周期,目前已从112天缩短到34-40天 [59][60][61][62][63] - 公司计划将生产线从2000个工单减少到1000个,以进一步提高效率 [53][54][55][56][57][63] - 公司正在与Enphase合作,开发基于电池的光伏系统,以满足客户对电力时移和备用电源的需求 [124][125] - 公司面临行业结构性问题,如销售渠道控制、政策影响等,需要不断调整产品和服务以满足客户需求 [111][112][113][114][115][116][117][118][119][120][121][122][123][126] 管理层对经营环境和未来前景的评论 - 公司目前正处于资金紧张状态,需要与私募股权公司Carlyle和Kline Hill达成债转股协议,以解决资金问题 [66][67][77] - 公司新任CEO T.J. Rodgers表示,如果无法解决与Carlyle的纠纷,公司前景堪忧 [80][81][82] - 管理层认为,在解决资金问题后,公司有望实现盈利和快速增长 [84][85][86][87][88][89] 问答环节重要的提问和回答 问题1 **Derek Soderberg提问** 如果Carlyle拒绝进行债转股,公司最合理的融资方式是什么,以实现100万美元的年收入目标? [79] **T.J. Rodgers回答** 如果与Carlyle的纠纷无法解决,公司前景堪忧。除非Carlyle愿意接管公司,否则公司很难筹集到所需资金。公司当前的首要任务是解决与Carlyle的债务问题。 [80][81][82] 问题2 **Thomas Meric提问** 能否详细说明过去12个月公司毛利率改善的原因? [95] **T.J. Rodgers和Will Anderson回答** 公司正在通过提高生产效率、降低采购成本等措施来提高毛利率。同时,由于中国光伏组件价格下跌,公司的采购成本也有所下降,这也是毛利率改善的一个因素。此外,公司正在开发基于电池的光伏系统,这也是一个利润空间较大的新业务。 [96][97][98][99][110][124] 问题3 **Thomas Meric提问** 如果公司实现每季度1000个工单目标,预计会产生多少自由现金流? [106] **T.J. Rodgers回答** 这是一个非常复杂的问题,需要进一步的分析和计算。公司当前的首要任务是解决资金问题和提高运营效率,至于未来的自由现金流情况,还需要更深入的研究。 [107]

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today announced that Kline Hill Partners (KHP), a Complete Solaria debt holder, has agreed to a debt-for-equity swap, and an additional cash investment. Complete Solaria will issue 9.8 million shares (19.9%) of outstanding stock to KHP in return for cancelling its debt. Mike Bego, KHP CEO, said, "We have re-invested the principal and interest on our loan back into Complete Solaria's s ...

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today published its Q1'24 results, to be presented via webcast today, May 2, 2024 at 5:00 p.m. EDT. Interested parties may access the webcast by registering here, or by visiting: https://investors.completesolaria.com/news-events/events. Q1'24 and Q2'24 forecast summary (based on non-GAAP results unless noted): Q1'24 revenue was $10.0 million, half of Q4'23, despite our $17.8 million b ...

FREMONT, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR), a leading solar technology, services, and installation company, today announced the Company will release its financial and operational results, for the fourth quarter of 2023 and first quarter of 2024, after market close on Thursday, May 2. Issuance of the earnings press release will be followed by a webcast conference call at 5:00 PM ET, hosted by T.J. Rodgers and the Complete Sol ...

FREMONT, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today announced that T.J. Rodgers will become the company's Chief Executive Officer (CEO). Rodgers said, "First, I would like to thank Chris Lundell, our current CEO, who came in at the board's request to stabilize the company during a stressful period of rapid headcount reduction. Chris will remain on the Company's board. Moving forward, I believe in the Company's mission and I wil ...