secwatch.observer — SEC 8-K summary
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Issuer:     SOLAREDGE TECHNOLOGIES, INC. (SEDG)
CIK:        0001419612
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001178913-24-002467
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SolarEdge Q2 revenue $265.4M, down 73% YoY; GAAP EPS -$2.31
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- Revenues $265.4M, down 73% YoY but up 30% sequentially; solar segment $241.2M.
- GAAP gross margin -4.1%; non-GAAP gross margin 0.2% including 330bps IRA benefit.
- GAAP net loss $130.8M ($2.31/share); non-GAAP net loss $101.2M ($1.79/share).
- Cash used in ops $44.8M; cash net of debt $165.3M vs $316.3M prior quarter.
- CEO expects undershipping to continue in Q3; inventories to clear by H1 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419612/000117891324002467/0001178913-24-002467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419612/000117891324002467/zk2431802.htm
  HTML page:      https://secwatch.observer/filing/0001178913-24-002467

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