secwatch.observer — SEC 8-K summary
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Issuer:     SOLAREDGE TECHNOLOGIES, INC. (SEDG)
CIK:        0001419612
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001178913-24-003513
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SolarEdge Q3 revenues down 64% YoY to $260.9M; GAAP net loss $1.21B on $1.03B impairment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419612/000117891324003513/0001178913-24-003513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419612/000117891324003513/zk2432241.htm
  HTML page:      https://secwatch.observer/filing/0001178913-24-003513

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