Sees Q2 gross margin 44%-47%. Sees Q2 operating expenses $78M-$82M. Sees FY25 tax rate 15%-17%. The company said, “Revenue to be within a range of $340.0 million to $380.0 million, which includes shipments of 160 to 180 MWh of IQ Batteries. The second quarter of 2025 financial outlook includes approximately $40.0 million of safe harbor revenue. We define safe harbor revenue as any sales made to customers who plan to install the inventory over more than one year.”
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