8-K
filed February 20, 2024, 6:59 PM ET
ticker SEDG
CIK 0001419612
earnings
confidence high
sentiment negative
materiality 0.85
SolarEdge Q4 2023 revenue $316M, GAAP EPS -$2.85, gross margin -17.9%
SOLAREDGE TECHNOLOGIES, INC.
2023-FY EPS reported
$0.60
revenue$2,976,528,000
- Q4 2023 revenue $316.0M; solar segment revenue $282.4M; GAAP gross margin negative 17.9%.
- GAAP operating loss $237.6M, net loss $162.4M; non-GAAP net loss $52.5M ($0.92 per share).
- Inverter shipments 901 MW AC; battery shipments 133 MWh in Q4.
- Full year 2023 revenue $3.0B; GAAP net income $34.3M ($0.60 diluted EPS).
- Non-GAAP full year gross margin 26.7%; operating income $290.0M; net income $248.4M ($4.12 diluted).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
SOLAREDGE TECHNOLOGIES, INC. reported the fourth quarter ended December 31, 2023 results: revenue $316.0 million, net income $162.4 million loss, EPS $2.85 loss per share.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $316.0 million
- Net income
- $162.4 million loss
- EPS
- $2.85 loss per share
- Result
- reported results
Exact text from the filing
Fourth Quarter 2023 Highlights • Revenues of $316.0 million • Revenues from solar segment of $282.4 million • GAAP gross margin of negative 17.9% • Non-GAAP gross margin 1 of 3.3% • Gross margin from solar segment of 4.0% • GAAP operating loss of $237.6 million • Non-GAAP operating loss 1 of $107.8 million • GAAP net loss of $162.4 million • Non-GAAP net loss 1 of $52.5 million • GAAP net loss per share (“EPS”) of $2.85 • Non-GAAP net loss per share 1 of $0.92 • 901 Megawatts (AC) of inverters shipped • 133 MWh of batteries shipped
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
SOLAREDGE TECHNOLOGIES, INC. reported the full year ended December 31, 2023 results: revenue $3.0 billion, net income $34.3 million income, EPS $0.60 per diluted share.
- Period
- the full year ended December 31, 2023
- Revenue
- $3.0 billion
- Net income
- $34.3 million income
- EPS
- $0.60 per diluted share
- Result
- reported results
Exact text from the filing
Full Year 2023 Highlights • Revenues of $3.0 billion • Revenues from solar segment of $2.8 billion • GAAP gross margin of 23.6% • Non-GAAP gross margin 1 of 26.7% • Gross margin from solar segment of 29.2% • GAAP operating income of $40.2 million • Non-GAAP operating income 1 of $290.0 million • GAAP net income of $34.3 million • Non-GAAP net income 1 of $248.4 million • GAAP net diluted earnings per share of $0.60 • Non-GAAP net diluted earnings per share 1 of $4.12 • 12.6 Gigawatts (AC) of inverters shipped • 744 MWh of batteries shipped
View on SEC.gov
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