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Dec 31, 2024
SolarEdge Q4 2024 Earnings Report
SolarEdge reported a decrease in revenue and a net loss, but returned to positive free cash flow in Q4 2024.
Key Takeaways
SolarEdge Technologies, Inc. reported Q4 2024 revenues of $196.2 million, a decrease of 17% compared to the prior quarter. The company experienced a GAAP net loss of $287.4 million, or $5.00 per share. However, SolarEdge returned to positive free cash flow generation in Q4.
Revenues were $196.2 million, down 17% from the prior quarter.
GAAP net loss was $287.4 million, or $5.00 per share.
Non-GAAP net loss was $202.5 million, or $3.52 per share.
Free cash flow generated was $25.5 million.
Forward Guidance
The company provides guidance for the first quarter ending March 31, 2025, with revenues expected to be within the range of $195 million to $215 million, non-GAAP gross margin expected to be within the range of 6% to 10%, and non-GAAP operating expenses to be within the range of $98 million to $103 million.
Positive Outlook
- Revenues to be within the range of $195 million to $215 million.
- Non-GAAP gross margin expected to be within the range of 6% to 10%.
- Non-GAAP operating expenses to be within the range of $98 million to $103 million.
- Management expects to be free cash flow positive in Q1 2025.
- Management expects to be free cash flow positive for the full year 2025.
Challenges Ahead
- Closure of Energy Storage business in Korea
- Company will not report segments in our financial reporting going forward.
- Uncertainty and potential variability of reconciling items.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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