Solaredge announces increasing revenues and net income in 2018
Post date: 21/02/2019 - 18:51
Inverter manufacturer Solaredge Technologies, Inc. reported record revenues of $263.7 million in the fourth quarter 2018, up 11 percent from $236.6 million in the prior quarter and up 39 percent from $189.3 million year-over-year. Net income was $12.9 million, down 72 percent from $45.6 million in the prior quarter and down 34 percent from $19.5 million compared to Q4 2017. Inverter shipments reached 1.1 GW (ac).
In the full year 2018 the company achieved total revenues of $937.2 million, up 54 percent from the prior year. Net income was $128.8 million, up 53 percent from $84.2 million in the prior year. Solaredge shipped 3.9 GW (ac) inverters.
For Q1 2019 the company expects revenues to be within the range of $260 million to $270 million