SolarEdge Announces Third Quarter 2017 Financial Results

منشور على 10-11-2017
SolarEdge Technologies 
SolarEdge Technologies, Inc. announced its financial results for the third quarter ended September 30, 2017.

Third Quarter 2017 Highlights

- Revenues for the quarter of $166.6 million

- GAAP gross margin for the quarter of 34.9%

- GAAP operating income for the quarter of $25.4 million

- GAAP net income for the quarter of $28.0 million

- Non-GAAP net income for the quarter of $31.5 million

- GAAP net diluted earnings per share for the quarter of $0.61

- Non-GAAP net diluted earnings per share for the quarter of $0.66

- Cash flow from operating activities of $33.6 million

- 676MW(AC) of inverters shipped for the quarter

"We are happy to report another record quarter, in revenues, profitability and cash flow generation. On the operational side, we shipped more than two million optimizers this quarter, and have now shipped more than 20 million optimizers since initiating sales in 2010," said Guy Sella, Founder, Chairman and CEO of SolarEdge. "Sales this quarter from outside the United States were 51% of our revenues, resulting from our continued investment in global sales. We continue to generate increasing cash flow from operations which enhances our financial strength and allows us to continue to invest in new products and development of new markets."

Quarter Ended September 30, 2017 Summary

The Company reported record revenues of $166.6 million, up 22% from the prior quarter and up 30% year over year.

GAAP gross margin reached 34.9%, up from 34.6% in the prior quarter and up from 32.6% year over year.

GAAP operating expenses were $32.7 million, an increase of 17% from the prior quarter and 38% year over year.

GAAP operating income was $25.4 million, up 33% from $19.1 million in the prior quarter and up from $18.2 million year over year.

GAAP net income was $28.0 million, up 24% from $22.5 million in the prior quarter and up from $15.6 million year over year.

Non-GAAP net income was $31.5 million, up 22% from $25.8 million in the prior quarter and up from $20.9 million year over year.

GAAP net diluted earnings per shares (“EPS”) was $0.61, up from $0.50 in the prior quarter and up from $0.35 year over year.

Non-GAAP net diluted EPS was $0.66, up from $0.55 in the prior quarter and up from $0.46 year over year.

As of September 30, 2017, cash, cash equivalents, restricted cash and marketable securities totaled $304.7 million, compared to $274.7 million on June 30, 2017.

Outlook for the Quarter Ending December 31, 2017

The Company also provides guidance for the fourth quarter ending December 31, 2017 as follows:

- Revenues to be within the range of $175 million to $185 million;

- Gross margins to be within the range of 33% to 35%.


ملفات ENF للشركات المذكورة في هذه المقالة

SolarEdge Technologies (مكونات أنظمة الطاقة الشمسية): https://ar.enfsolar.com/solaredge-technologies
SolarEdge Technologies (برمجيات): https://ar.enfsolar.com/solaredge-technologies
SolarEdge Technologies (الألواح الشمسية): https://ar.enfsolar.com/solaredge-technologies
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