• SunPower filed a restated quarterly report for the period ended March 30, 2025, correcting material errors tied to revenue recognition and interest expense.
• Restated results showed revenue of 78.41 million and net income of 4.81 million, versus previously reported revenue of 82.74 million and net income of 8.13 million.
• Loss from operations widened to 3.73 million from previously reported operating income of 1.04 million as cost of revenues was revised to 51.04 million from 42.6 million.
• Management concluded internal control over financial reporting and disclosure controls were not effective as of March 30, 2025, citing material weaknesses in control activities, IT controls, and monitoring.
• The restatement reduced total assets to 143.2 million from 147.81 million, driven mainly by a 4.33 million cut to accounts receivable.

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