$SEDG SolarEdge Technologies (NASDAQ:SEDG) +13.8%
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Posted On: 02/14/2018 8:42:23 PM
$SEDG SolarEdge Technologies (NASDAQ:SEDG) +13.8% after-hours following an easy Q4 earnings beat and a 70% Y/Y revenue increase to a company record $189M.
SEDG also issues upside guidance for Q1, seeing revenues of $200M-$210M vs. $157M analyst consensus estimate; gross margins are forecast to come in at 36%-38%.
SEDG says Q4 GAAP gross margin reached 37.5%, up from 34.9% in Q3 and up from 35% Y/Y; cash flow from operating activities was $45.8M, up from $33.6M in Q3 and $24.7M in the year-ago quarter.
"We grew our revenues in each of the geographies in which we operate and overcame a challenging year in terms of industry-wide component availability and growing our manufacturing capacity to support the growing demand for our products," SEDG says.
SEDG also issues upside guidance for Q1, seeing revenues of $200M-$210M vs. $157M analyst consensus estimate; gross margins are forecast to come in at 36%-38%.
SEDG says Q4 GAAP gross margin reached 37.5%, up from 34.9% in Q3 and up from 35% Y/Y; cash flow from operating activities was $45.8M, up from $33.6M in Q3 and $24.7M in the year-ago quarter.
"We grew our revenues in each of the geographies in which we operate and overcame a challenging year in terms of industry-wide component availability and growing our manufacturing capacity to support the growing demand for our products," SEDG says.
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