SolarEdge Technologies Inc. (SEDG, Financial) published Q4 2024 financials with results that produced conflicting signals for market investors. Revenues from SolarEdge Technologies exceeded predictions with $196.2 million, but non-GAAP net loss reached $3.52 per share, which exceeded the predicted $1.66 per share loss by double. SolarEdge Technologies reported a 17% decrease in revenue, which reached $235.4 million during the previous quarter, while the solar segment generated $189.0 million before the current period's decline. During the quarter, the company delivered 895 MW of AC inverters and 130 MWh of batteries designed for the PV market. Free cash flow improved to $25.5 million due to the substantial $138 million write-down for SolarEdge, which affected both GAAP and non-GAAP financial statements but remained strong despite negative cash flow of $136.7 million during the previous year.
The fourth-quarter can be considered as the start of a vital transformation phase, the CEO Shuki Nir stated. He drove his plan to positive free cash flows in Q1 2025 and full-year operations in Q1 with Q1 revenue between $195 million and $215 million, non-GAAP gross margin between 6% and 10%, and operating expenses between $98 million to $103 million, communism. Before trading began on Wednesday, SolarEdge shares gained 11%.
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