secwatch.observer — SEC 8-K summary
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Issuer:     SOLAREDGE TECHNOLOGIES, INC. (SEDG)
CIK:        0001419612
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001178913-24-001634
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SolarEdge Q1 revenue $204.4M, down 78% YoY; GAAP net loss $2.75 per share
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- Revenue $204.4M, down 35% QoQ and 78% YoY; solar segment $190.1M, down 79% YoY.
- GAAP gross margin -12.8% (non-GAAP -6.5%); GAAP operating loss $173.7M.
- GAAP net loss $157.3M ($2.75/share); non-GAAP net loss $108.6M ($1.90/share).
- Shipped 946 MW (AC) inverters and 128 MWh of batteries for PV applications.
- CEO cites inventory clearing and seasonality; expects revenue improvement in coming quarters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419612/000117891324001634/0001178913-24-001634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419612/000117891324001634/zk2431427.htm
  HTML page:      https://secwatch.observer/filing/0001178913-24-001634

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer