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-Mob…
Solar
IL, Herzliya [HQ]
SEDG/Financial Reporting
Income Statements
12 Sheets · Starting from 2011In Million USD. Margins, Growth Rates In %
| Metric | 2011 | 2012 | 2013 | 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 75.00 | 79.00 | 133.00 | 325.00 | 489.00 | 607.00 | 937.00 | 1,425.00 | 1,459.00 | 1,963.00 | 3,110.00 | 2,976.00 | |
|
EPS
|
-0.73 | -0.95 | -0.72 | 0.30 | 1.92 | 1.99 | 2.69 | 3.06 | 2.79 | 3.24 | 1.70 | 0.61 | |
| Diluted in mil. | -0.71 | -0.89 | -0.68 | 0.27 | 1.73 | 1.85 | 2.69 | 2.92 | 2.66 | 3.02 | 1.61 | 0.60 | |
|
Profit
|
- - | 4.00 | 21.00 | 81.00 | 151.00 | 214.00 | 319.00 | 479.00 | 461.00 | 629.00 | 844.00 | 703.00 | |
| Gross Margin | -0.90 | 5.58 | 16.49 | 25.16 | 31.02 | 35.38 | 34.06 | 33.62 | 31.62 | 32.04 | 27.16 | 23.65 | |
| Pre Tax | -27.00 | -28.00 | -21.00 | 23.00 | 72.00 | 100.00 | 137.00 | 178.00 | 163.00 | 187.00 | 177.00 | 81.00 | |
| Profit Margin | -36.82 | -35.52 | -15.88 | 7.10 | 14.75 | 16.51 | 14.63 | 12.53 | 11.22 | 9.53 | 5.70 | 2.72 | |
| ETR | -0.13 | -0.38 | -1.04 | 8.47 | -6.06 | 16.03 | 6.62 | 18.84 | 14.26 | 9.64 | 47.06 | 57.24 | |
| Net | -27.00 | -28.00 | -21.00 | 21.00 | 76.00 | 84.00 | 128.00 | 146.00 | 140.00 | 169.00 | 93.00 | 34.00 | |
| Profit Margin | -36.87 | -35.66 | -16.05 | 6.50 | 15.64 | 13.87 | 13.75 | 10.28 | 9.62 | 8.61 | 3.02 | 1.15 | |
| EBITDA | -26.00 | -25.00 | -16.00 | 30.00 | 76.00 | 98.00 | 157.00 | 225.00 | 174.00 | 248.00 | 233.00 | 147.00 | |
| EBITDA Margin | -34.74 | -32.44 | -12.33 | 9.27 | 15.55 | 16.29 | 16.75 | 15.85 | 11.96 | 12.65 | 7.51 | 4.95 | |
| Operating Income | -27.00 | -27.00 | -18.00 | 28.00 | 71.00 | 91.00 | 139.00 | 189.00 | 142.00 | 207.00 | 166.00 | 40.00 | |
| Operating Margin | -36.44 | -34.74 | -13.79 | 8.69 | 14.65 | 15.00 | 14.88 | 13.32 | 9.77 | 10.55 | 5.34 | 1.35 | |
| Interest Income | - - | - - | - - | - - | 1.00 | 4.00 | 5.00 | 4.00 | 3.00 | 3.00 | 11.00 | 33.00 | |
| Loss | -102.00 | -106.00 | -151.00 | -296.00 | -418.00 | -515.00 | -797.00 | -1,213.00 | -1,316.00 | -1,756.00 | -2,944.00 | -2,905.00 | |
| Cost of Revenue | -76.00 | -74.00 | -111.00 | -243.00 | -337.00 | -392.00 | -618.00 | -946.00 | -997.00 | -1,334.00 | -2,265.00 | -2,272.00 | |
|
Operating Expenses
|
-26.00 | -31.00 | -40.00 | -53.00 | -80.00 | -123.00 | -179.00 | -267.00 | -318.00 | -422.00 | -678.00 | -632.00 | |
| R&D | -13.00 | -15.00 | -18.00 | -22.00 | -33.00 | -54.00 | -82.00 | -121.00 | -163.00 | -219.00 | -289.00 | -321.00 | |
| G&A | -3.00 | -3.00 | -4.00 | -6.00 | -12.00 | -18.00 | -29.00 | -57.00 | -63.00 | -82.00 | -112.00 | -146.00 | |
| SG&A | -13.00 | -16.00 | -22.00 | -31.00 | -46.00 | -68.00 | -97.00 | -145.00 | -159.00 | -201.00 | -272.00 | -310.00 | |
| S&M | -9.00 | -12.00 | -17.00 | -24.00 | -34.00 | -50.00 | -68.00 | -87.00 | -95.00 | -119.00 | -159.00 | -164.00 | |
| Depreciation and Amortization | -1.00 | -1.00 | -1.00 | -2.00 | -3.00 | -7.00 | -12.00 | -26.00 | -31.00 | -39.00 | -49.00 | -57.00 | |
| Interest Expenses | - - | -1.00 | -2.00 | - - | - - | - - | -2.00 | -4.00 | -8.00 | -8.00 | -9.00 | -4.00 | |
| Other Expenses | - - | - - | - - | -3.00 | - - | -6.00 | -4.00 | -32.00 | -29.00 | -13.00 | -10.00 | -5.00 | |
|
WA Shares Outstanding
|
38.00 | 29.00 | 29.00 | 11.00 | 39.00 | 42.00 | 47.00 | 47.00 | 50.00 | 52.00 | 55.00 | 56.00 | |
| Diluted | 39.00 | 31.00 | 31.00 | 15.00 | 44.00 | 45.00 | 47.00 | 50.00 | 52.00 | 55.00 | 58.00 | 57.00 |