Mary Erginsoy
On April 19, 2024, Mary Erginsoy, 41, was appointed by the board of directors to serve as the Vice President and Chief Accounting Officer of Enphase Energy, Inc. (“Enphase”), effective April 24, 2024.
Highest-materiality recent filing
Shareholders approved amendment to 2021 Equity Incentive Plan, increasing share reserve by 2 million shares.
Enphase Q1 rev $282.9M; GAAP EPS -$0.06; Q2 rev guide $280-310M
Q1 GAAP net loss $7.4M ($0.06 diluted loss); non-GAAP net income $62.3M ($0.47 EPS).
Sold $235M of advanced manufacturing tax credits (Section 45X) for $218.55M in cash, a ~$16.5M discount.
Enphase Q4: rev $343.3M, GAAP EPS $0.29; Q1 guide $270-300M
Q4 revenue $343.3M, down 16% QoQ and 10% YoY; GAAP diluted EPS $0.29 (vs $0.50 Q3, $0.45 Q4 2024).
Enphase Energy to cut ~160 jobs (~6% workforce) and reduce opex to $70-75M/qtr by Q3 2026
Layoffs affect ~160 employees, ~6% of workforce; restructuring charge of ~$4.6M expected, mostly in Q1 2026.
Enphase Q3 revenue $410.4M, highest in 2 years; Q4 guide $310-350M, below Q3
GAAP diluted EPS $0.50; non-GAAP $0.90. Revenue $410.4M, up 13% QoQ from $363.2M.
Enphase Q2 revenue $363.2M, GAAP EPS $0.28, non-GAAP $0.69; Q3 rev guidance $330-370M
Q2 revenue $363.2M (+2% QoQ, +20% YoY); GAAP net income $37.1M, vs $10.8M in Q2 2024.
Board unanimously voted to retain T.J. Rodgers as director despite less than 50% vote at annual meeting.
Shareholders approved amendment to 2021 Equity Incentive Plan, increasing share reserve by 4,000,000 shares.
Enphase Q1 revenue $356M, down 7% QoQ; guides Q2 rev $340-380M with tariff impact
Q1 revenue $356.1M (vs Q4 $382.7M); GAAP EPS $0.22, non-GAAP EPS $0.68.
Enphase Q4 2024 rev $382.7M, GAAP EPS $0.45, non-GAAP EPS $0.94; Q1 guide $340-380M
Q4 revenue $382.7M, up 26.5% YoY; GAAP net income $62.2M vs $20.9M in Q4 2023.
Enphase cuts 17% workforce (~500 jobs), ceases Mexico contract manufacturing; Q4 charges $14M
Reduces global team by ~17% impacting about 500 employees and contractors.
Enphase Q3 revenue $380.9M, GAAP EPS $0.33, non-GAAP EPS $0.65; Q4 guidance revenue $360-400M
Q3 revenue $380.9M, up from $303.5M in Q2 2024 but down from $551.1M YoY.
Enphase Q2 rev $303.5M, GAAP EPS $0.08, non-GAAP $0.43; Q3 outlook $370-410M
Revenue $303.5M, down 57% YoY from $711.1M; GAAP diluted EPS $0.08 vs $1.09 last year.
Enphase Energy annual meeting results: all proposals pass, Kothandaraman and Malchow elected
Badri Kothandaraman elected director with 87,940,904 for vs 6,244,233 withheld; Joseph Malchow elected with 65,488,513 for.
Enphase Q1 revenue $263.3M, net loss $16.1M; guides Q2 revenue $290-330M
Revenue $263.3M, down 13% QoQ and 64% YoY; U.S. revenue fell 34% QoQ.
Enphase appoints Mary Erginsoy as Chief Accounting Officer effective April 24
Mary Erginsoy, 41, appointed VP and Chief Accounting Officer effective April 24, 2024.
On April 19, 2024, Mary Erginsoy, 41, was appointed by the board of directors to serve as the Vice President and Chief Accounting Officer of Enphase Energy, Inc. (“Enphase”), effective April 24, 2024.
Max materiality 0.85 · Median 0.75 · Most common event earnings