SunPower Announces Workforce Cut
Author: Source: Datetime: 2016-12-11 10:51:30
According to the SunPower 7 released by the fiscal forecast, in 2017 in accordance with US generally accepted accounting principles (GAAP) recognized revenue will be between $ 1,8-23,000,000,000, Non-GAAP revenue will be between $ 2,120,000,000,000. SunPower expects to have a positive cash flow from solar power batteries operations at the end of 2017, with an estimated cash flow of approximately $ 300 million.
Thomson Reuters reported that SunPower CEO Tom Werner said in an interview, product pricing is expected to stabilize next year, the second half of 2017 is expected to improve the economy. He said that after the latest round of layoffs, the total number of employees will drop to about 7,000 people.
SunPower is expected to record a quarterly loss for the sixth consecutive quarter. According to Thomson Reuters I / B / E / S survey, analysts had expected SunPower 2017 Non-GAAP revenue will reach 2.7 billion US dollars.
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