SolarEdge Technologies, Inc. (SEDG) Income Statement Analysis

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Complete financial analysis of SolarEdge Technologies, Inc. (SEDG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of SolarEdge Technologies, Inc., a leading company in the Solar industry within the Energy sector.

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SolarEdge Technologies, Inc. (SEDG)

Industry: Solar

Sector: Energy

Website: https://www.solaredge.com

About SolarEdge Technologies, Inc.

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, lithium-ion cells and battery packs, and uninterrupted power supply solutions, as well as virtual power plants, which helps to manage the load on the grid and grid stability. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	2.98B	3.11B	1.96B	1.46B	1.43B	937.24M	607.05M	479.99M	489.84M	325.08M	133.22M	79.04M	75.35M
Cost of Revenue	2.27B	2.27B	1.33B	997.91M	946.32M	618.00M	392.28M	318.10M	337.89M	243.30M	111.25M	74.63M	76.03M
Gross Profit	703.82M	844.65M	629.32M	461.36M	479.34M	319.24M	214.77M	161.89M	151.96M	81.78M	21.97M	4.41M	-677.00K
Gross Profit Ratio	23.65%	27.16%	32.04%	31.62%	33.62%	34.06%	35.38%	33.73%	31.02%	25.16%	16.49%	5.58%	-0.90%
Research & Development	321.48M	289.81M	219.63M	163.12M	121.35M	82.25M	54.97M	40.56M	33.23M	22.02M	18.26M	15.82M	13.78M
General & Administrative	146.50M	112.50M	82.20M	63.12M	57.67M	29.26M	18.68M	12.12M	12.13M	6.54M	4.29M	3.26M	3.07M
Selling & Marketing	164.32M	159.68M	119.00M	95.99M	87.98M	68.31M	50.03M	38.20M	34.83M	24.97M	17.79M	12.78M	9.93M
SG&A	310.82M	272.18M	201.20M	159.10M	145.65M	97.57M	68.71M	54.26M	46.97M	31.51M	22.09M	16.05M	13.00M
Other Expenses	0.00	7.72M	859.00K	4.90M	-17.12M	0.00	-1.35M	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	663.62M	678.53M	422.18M	318.80M	267.00M	179.82M	123.68M	94.82M	80.20M	53.53M	40.34M	31.87M	26.78M
Cost & Expenses	2.94B	2.94B	1.76B	1.32B	1.21B	797.82M	515.96M	412.92M	418.08M	296.82M	151.59M	106.50M	102.81M
Interest Income	33.16M	11.95M	3.16M	3.82M	4.71M	5.63M	4.40M	4.07M	1.11M	0.00	2.01M	1.07M	0.00
Interest Expense	15.39M	9.95M	8.67M	8.07M	4.81M	2.54M	1.71M	0.00	0.00	895.00K	0.00	0.00	58.00K
Depreciation & Amortization	57.20M	49.68M	39.54M	31.83M	26.90M	12.62M	7.16M	5.52M	3.85M	2.25M	1.98M	1.84M	1.28M
EBITDA	153.69M	237.63M	237.44M	206.06M	211.32M	152.14M	107.40M	68.08M	76.08M	26.60M	-17.19M	-25.10M	-26.41M
EBITDA Ratio	5.16%	7.51%	12.65%	11.96%	15.85%	16.75%	16.29%	15.12%	15.55%	9.27%	-12.33%	-32.44%	-34.74%
Operating Income	40.21M	166.12M	207.14M	142.56M	189.95M	139.42M	91.09M	67.08M	71.76M	28.26M	-18.37M	-27.46M	-27.46M
Operating Income Ratio	1.35%	5.34%	10.55%	9.77%	13.32%	14.88%	15.00%	13.97%	14.65%	8.69%	-13.79%	-34.74%	-36.44%
Total Other Income/Expenses	40.89M	11.04M	-19.92M	21.11M	-11.34M	-2.30M	9.16M	-5.88M	471.00K	-5.18M	-2.79M	-612.00K	-287.00K
Income Before Tax	81.10M	177.16M	187.22M	163.67M	178.60M	137.12M	100.24M	61.20M	72.23M	23.08M	-21.16M	-28.07M	-27.75M
Income Before Tax Ratio	2.72%	5.70%	9.53%	11.22%	12.53%	14.63%	16.51%	12.75%	14.75%	7.10%	-15.88%	-35.52%	-36.82%
Income Tax Expense	46.42M	83.38M	18.05M	23.34M	33.65M	9.08M	16.07M	10.43M	-4.38M	1.96M	220.00K	108.00K	36.00K
Net Income	34.33M	93.78M	169.17M	140.32M	146.55M	128.83M	84.17M	50.76M	76.61M	21.12M	-21.38M	-28.18M	-27.78M
Net Income Ratio	1.15%	3.02%	8.61%	9.62%	10.28%	13.75%	13.87%	10.58%	15.64%	6.50%	-16.05%	-35.66%	-36.87%
EPS	0.61	1.70	3.24	2.79	3.06	2.69	1.99	1.24	1.92	0.30	-0.72	-0.95	-0.73
EPS Diluted	0.60	1.61	3.02	2.66	2.92	2.69	1.85	1.16	1.73	0.27	-0.68	-0.89	-0.71
Weighted Avg Shares Out	56.56M	55.09M	52.20M	50.22M	47.92M	47.89M	42.30M	41.03M	39.99M	11.90M	29.70M	29.70M	38.07M
Weighted Avg Shares Out (Dil)	57.24M	58.10M	55.97M	52.80M	50.20M	47.98M	45.43M	43.84M	44.38M	15.27M	31.64M	31.64M	39.12M

SolarEdge: Recovering Amid Supply Chain Challenges And Fierce Competition

August 19, 2024seekingalpha.com

SolarEdge Technologies is thriving amidst supply chain disruptions through government support and a growing customer base. The company is well-positioned to benefit from the intention to cut interest rates, resulting in affordable borrowing costs. SolarEdge is recovering from fierce competition,...

SolarEdge Technologies, Inc. (SEDG) Canaccord Genuity's 44th Annual Growth Result Conference (Transcript)

August 13, 2024seekingalpha.com

SolarEdge Technologies, Inc. (NASDAQ:SEDG ) Canaccord Genuity's 44th Annual Growth Result Conference August 13, 2024 4:00 PM ET Company Participants J.B. Lowe - Head of Investor Relations Conference Call Participants Austin Moeller - Canaccord Austin Moeller Hi, good afternoon, everyone.