Enphase increased revenue and income significantly in Q1
Post date: 02/05/2019 - 17:37
US energy technology company and microinverter manufacturer Enphase Energy Inc. raised net revenues by 43 percent to $100 million in the first quarter of 2019 compared to $70 million in the same period of 2018, primarily due to higher unit volume. The company sold approximately 976,000 microinverter units in the three months ended March 31, 2019, as compared to approximately 611,000 units in the same period in 2018. Primary geographical markets were the United States ($77 million in Q1 2019). Net income was $2.7 million (Q1 2018 loss of $5.1 million).