secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001463101-24-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enphase Q1 revenue $263.3M, net loss $16.1M; guides Q2 revenue $290-330M
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- Revenue $263.3M, down 13% QoQ and 64% YoY; U.S. revenue fell 34% QoQ.
- GAAP diluted loss per share $0.12; non-GAAP diluted EPS $0.35.
- Non-GAAP gross margin 46.2% (41.0% ex IRA benefit) vs 50.3% Q4.
- Q2 2024 revenue guidance $290-$330M; non-GAAP gross margin 44%-47%.
- Cash and marketable securities $1.63B; generated $49.2M operating cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310124000070/0001463101-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310124000070/enph-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001463101-24-000070

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