earnings
confidence high
sentiment negative
materiality 0.85
SolarEdge Q3 revenues down 64% YoY to $260.9M; GAAP net loss $1.21B on $1.03B impairment
SOLAREDGE TECHNOLOGIES, INC.
2024-Q3 EPS reported
-$26.22
revenue$730,707,000
- Revenues $260.9M, down 64% YoY and 2% QoQ; solar segment $247.5M (down 63% YoY).
- GAAP gross margin negative 269.2% due to $1.03B impairment; non-GAAP gross margin negative 265.4%.
- GAAP net loss $1.21B ($21.13/share); non-GAAP net loss $874.3M ($15.33/share).
- Impairment and write-downs of $1.03B from asset valuation analysis.
- Cash used in operations $63.9M; cash net of debt $53.3M, down from $165.3M.