First Solar Q4 net loss narrows to $0.07/share; 2023 EPS guidance $7-8 on IRA credits

FIRST SOLAR, INC.

2022-FY EPS reported -$0.41 revenue$2,619,319,000

Q4 2022 net sales $1.0B (up $0.4B QoQ); full year net sales $2.6B.
Q4 net loss per diluted share $0.07; full year $0.41 loss per share.
2023 guidance: net sales $3.4-3.6B, EPS $7.00-8.00, net cash balance $1.2-1.5B.
Record 48.3 GW DC net bookings in 2022; 12 GW DC since Q3 earnings call.
Guidance includes $660-710M of Section 45X tax credits from Inflation Reduction Act.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FIRST SOLAR, INC. reported the fiscal year ended December 31, 2022 results: revenue $2.6 billion, EPS ($0.41) per diluted share.

Period: the fiscal year ended December 31, 2022
Revenue: $2.6 billion
EPS: ($0.41) per diluted share
Result: reported results

Exact text from the filing

Net sales of $2.6 billion for 2022 and $1.0 billion for the fourth quarter • Net loss per diluted share of $0.41 for 2022 and $0.07 for the fourth quarter

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FIRST SOLAR, INC. reported fiscal year 2023 results: revenue $3.4 billion to $3.6 billion, EPS $7.00 to $8.00 per diluted share. Guidance initiated.

Period: fiscal year 2023
Revenue: $3.4 billion to $3.6 billion
EPS: $7.00 to $8.00 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

2023 net sales guidance of $3.4 billion to $3.6 billion • 2023 EPS guidance of $7.00 to $8.00 per diluted share • Year-end 2023 net cash balance guidance of $1.2 billion to $1.5 billion

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FIRST SOLAR, INC. reported the fourth quarter ended December 31, 2022 results: revenue $1.0 billion, EPS ($0.07) per diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $1.0 billion
EPS: ($0.07) per diluted share
Result: reported results

Exact text from the filing

Net sales of $2.6 billion for 2022 and $1.0 billion for the fourth quarter • Net loss per diluted share of $0.41 for 2022 and $0.07 for the fourth quarter

View on SEC.gov

10 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST SOLAR, INC. filing history →

Source: SEC EDGAR

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