SolarEdge’s Quarterly Revenue Hits Record

published: 2015-11-05 17:05 | editor: | category: News

SolarEdge Technologies announced its financial results for the fiscal first quarter ended September 30, 2015. The company reported revenues rapidly increased quarter-on-quarter and year-on-year, and the gross margin was also increased. New HD Wave inverter technology and stronger market demands explain the company’s financial increase.

Fiscal First Quarter 2016 Highlights

  • Record revenue of $115.1 million, up 16.9% from last quarter and 71.8% year-over-year
  • GAAP gross margin of 29.1%
  • GAAP net income of $14.4 million
  • Non-GAAP net income of $16.3 million
  • 356 Megawatts (AC) of inverters shipped

Read the full report: SolarEdge Announces Fiscal First Quarter Financial Results

 

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