SOLAREDGE TECH WKN: A14QVM ISIN: US83417M1045 Kürzel: SEDG Forum: Aktien Thema: Hauptdiskussion

Second Quarter 2024 Highlights Revenues of $265.4 million Revenues from solar segment of $241.2 million GAAP gross margin of negative 4.1% Non-GAAP gross margin1 of 0.2%, including 330 basis points of net IRA benefit Gross margin from solar segment of 1.3% GAAP operating loss of $160.2 million Non-GAAP operating loss1 of $114.3 million GAAP net loss of $130.8 million Non-GAAP net loss1 of $101.2 million GAAP net loss per share of $2.31 Non-GAAP net loss per share1 of $1.79 873 Megawatts (AC) of inverters shipped 128 MWh of batteries for PV applications shipped “We are encouraged by our second quarter top line results which saw sequential revenue growth of 30% and an 18% growth in sell through of our solar products by our distributor customers,” said Zvi Lando, Chief Executive Officer of SolarEdge. “While we expect undershipping to continue in the third quarter, we believe the momentum in our underlying business and the actions we are taking to gain market share and address new growth segments will enable a return to higher revenue levels once inventories are cleared in the first half of 2025.”