Solaredge announced increasing revenue of 43 percent in Q2 2019 yoy

Inverter manufacturer Solaredge Technologies, Inc. reported record revenues of $325.0 million, up 20 percent from $271.9 million in the prior quarter and up 43 percent from $227.1 million in the same quarter last year. Revenues related to the solar business were $306.7 million, up 21 percent from $253.1 million in the prior quarter and up 35 percent from $227.1 million in the same quarter last year.
GAAP net income was $33.1 million, up 74 percent from $19.0 million in the prior quarter and down 4 percent from $34.6 million in the same quarter last year. Inverter shipments reached 1.3 GW (ac) compared to 1.1 GW in the first quarter.
For the third quarter, the company expects revenues to be within the range of $395 million to $410 million and revenues from solar products to be within the range of $375 million to $390 million,
© PHOTON

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