Maxeon Solar Technologies, Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 187.46 million compared to USD 318.33 million a year ago. Net loss was USD 80.15 million compared to net income of USD 20.27 million a year ago.

Basic loss per share from continuing operations was USD 1.59 compared to basic earnings per share from continuing operations of USD 0.49 a year ago. Diluted loss per share from continuing operations was USD 1.59 compared to diluted earnings per share from continuing operations of USD 0.46 a year ago.