SolarEdge Technologies Non-GAAP EPS of -$15.30 misses by $13.66, revenue of $260.9M misses by $9.99M
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Contributor since / Followers
Contributor since / Followers
2 months ago
- SolarEdge Technologies press release (NASDAQ:SEDG): Q3 Non-GAAP EPS of -$15.30 misses by $13.66.
- Revenue of $260.9M (-64.0% Y/Y) misses by $9.99M.
- Shares -8.23%.
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The Company also provides guidance for the fourth quarter ending December 31, 2024 as follows:
- Revenues to be within the range of $180 million to $200 million;
- Non-GAAP gross margin* expected to be within the range of negative 4% to 0%, including approximately 1,000 basis points of net IRA manufacturing tax credit;
- Non-GAAP operating expenses* to be within the range of $103 million to $108 million;
- Revenues from the solar segment to be within the range of $170 million to $190 million;
- Gross margin from the solar segment expected to be within the range of 0% to 3% including approximately 1,050 basis points of net IRA manufacturing tax credit.
- Q4 EPS consensus is -$1.28
- Q4 revenue consensus is $311.00M