05. Nov 2018

The Company reported record revenues of $236.6 million, up 4% from $227.1 million in the prior quarter and up 42% from $166.6 million year over year.

SolarEdge: Third Quarter 2018 - Continues to grow Revenues and Market Share

(PM) SolarEdge Technologies announced its financial results for the third quarter ended September. “This quarter we continued to grow our revenues and market share,” said Guy Sella, Founder, Chairman and CEO of SolarEdge. “We shipped 1.1GW of systems and delivered over three million power optimizers, with record high shipments of commercial products.”

Third Quarter 2018 Highlights

  • Record revenues of $236.6 million, up 42% year-over-year
  • GAAP net income of $45.6 million
  • GAAP net diluted EPS of $0.95
  • Non-GAAP net diluted EPS of $0.86
  • 1083 Megawatts (AC) of inverters shipped

“While continuing to expand our existing business, we closed the asset acquisition of a new UPS division, Gamatronic. In the first weeks of October, we also signed and closed the Kokam acquisition which will expand our smart energy offerings, adding proven battery storage options to our product portfolio. These acquisitions will take us a further step toward offering full solutions that are more comprehensive, smarter and beneficial.”

Third Quarter 2018 Summary
The Company reported record revenues of $236.6 million, up 4% from $227.1 million in the prior quarter and up 42% from $166.6 million year over year.

  • GAAP gross margin was 33.0%, down from 36.1%, in the prior quarter and down from 34.9% year over year.
  • GAAP operating expenses were $43.9 million, up 6% from $41.3 million in the prior quarter and up 35% from $32.7 million year over year.
  • GAAP operating income was $34.0 million, down 16% from $40.7 million in the prior quarter and up 34% from $25.4 million year over year.
  • GAAP net income was $45.6 million, up 32% from $34.6 million in the prior quarter and up 63% from $28.0 million year over year.
  • Non-GAAP net income was $42.7 million, up 5% from $40.6 million in the prior quarter and up 35% from $31.5 million year over year.
  • GAAP net diluted earnings per share (“EPS”) was $0.95, up from $0.72 in the prior quarter and up from $0.61 year over year.
  • Non-GAAP net diluted EPS was $0.86, up from $0.82 in the prior quarter and up from $0.66 year over year.
  • Cash flow from operating activities was $ 34.3 million, down from $43.9 million in the prior quarter and up from $33.7 million year over year.
  • As of September 30, 2018, cash, cash equivalents, restricted cash, bank deposit and marketable securities totaled $453.2 million, compared to $437.6 million on June 30, 2018.

Outlook for the Fourth Quarter 2018
The Company also provides guidance for the fourth quarter ending December 31, 2018 as follows:

  • Revenues to be within the range of $245 million to $255 million;
  • GAAP gross margins expected to be within the range of 30% to 32%, depending on the effects of recent M&A and
  • Non GAAP gross margins expected to be within the range of 32% to 34%.

Text: SolarEdge

0 Kommentare

Kommentar hinzufügen

Partner

  • Agentur Erneuerbare Energien und Energieeffizienz

Job-Plattform

Suchen Sie einen Mitarbeitenden 
oder eine Stelle? 
Bei uns sind Sie richtig!

Hier geht's weiter >>

Aktuelle Jobs

LeiterIn Strategischer Einkauf 100%

Direkt der Unternehmensleitung unterstellt, verantworten Sie die fachliche, organisatorische und personelle Führung des strategischen Einkaufs mit vier Mitarbeitenden. Die zentrale Aufgabe ist der Ausb...

Ist Ihr Unternehmen im Bereich erneuerbare Energien oder Energieeffizienz tätig? Dann senden sie ein e-Mail an info@ee-news.ch mit Name, Adresse, Tätigkeitsfeld und Mail, dann nehmen wir Sie gerne ins Firmenverzeichnis auf.

Newsletter abonnieren

Follow us

In order to provide the best quality for you, our system uses "cookies", which are stored on your device. Cookies are necessary to identify what information (job advertisement, questionnaire, etc) you have already seen. IP address is used for the same purposes as described above.

When creating a profile, applying to the newsletter, job subscriptions and etc, you agree that the data, which you have entered, will be stored and processed in the system in order to provide services, which you have applied for.

We do NOT sell your personal data to any 3rd party services.

You must be 18 or older years old to use our services. If you are underage, you must have a permission to use our services from your parent or guardian. It is necessary in order to store and process your data.

By continuing to use our services, you agree with the these terms. You can withdraw your agreement at any time, by deleting cookies from your device and by sending request for deleting your data to the administrator.

Close