Solaredge technologies, inc. (SEDG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Mar'14
Revenues

431,218

418,223

410,556

325,010

271,871

263,670

236,578

227,118

209,871

189,340

166,552

136,099

115,054

111,513

128,484

124,752

125,205

124,832

115,054

98,420

86,399

73,290

66,969

30,560

Cost of revenues

291,210

274,974

271,247

214,340

185,761

183,959

158,596

145,172

130,274

118,370

108,498

89,033

76,378

72,488

86,609

85,639

84,471

86,250

81,527

70,149

62,698

57,509

52,939

24,331

Gross profit

140,008

143,249

139,309

110,670

86,110

79,711

77,982

81,946

79,597

70,970

58,054

47,066

38,676

39,025

41,875

39,113

40,734

38,582

33,527

28,271

23,701

15,781

14,030

6,229

Operating expenses:
Research and development

36,695

34,900

30,747

29,505

26,199

24,710

20,109

19,551

17,875

16,420

14,363

12,725

11,458

10,344

9,935

9,232

8,709

8,299

6,991

6,701

5,490

4,768

5,059

4,864

Sales and marketing

24,253

23,659

22,026

22,127

20,172

19,210

16,938

15,954

16,205

14,079

13,217

11,961

10,775

10,408

10,036

8,930

8,826

8,833

8,244

7,432

6,422

5,658

5,461

4,592

General and administrative

16,185

11,771

12,214

13,685

11,691

11,837

6,898

5,776

4,753

5,900

5,078

3,265

4,439

3,126

3,664

3,067

3,460

2,188

3,418

2,265

1,990

1,121

1,159

1,318

Other operating income

4,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non recurring expenses

-

-

8,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

72,233

92,721

73,292

65,317

58,062

55,757

43,945

41,281

38,833

36,399

32,658

27,951

26,672

23,878

23,635

21,229

20,995

19,320

18,653

16,398

13,902

11,547

11,679

10,774

Operating income

67,775

50,528

66,017

45,353

28,048

23,954

34,037

40,665

40,764

34,571

25,396

19,115

12,004

15,147

18,240

17,884

19,739

19,262

14,874

11,873

9,799

4,234

2,351

-4,545

Financial expenses, net

-16,605

11,058

-17,023

773

-6,151

288

-689

-2,480

584

1,487

2,666

3,595

1,410

-3,179

390

-527

2,029

-959

-72

-1,699

-3,436

-458

516

626

Other expenses

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

51,170

61,586

48,994

46,126

21,897

24,242

33,348

38,185

41,348

36,058

28,062

22,710

13,414

11,968

18,630

17,357

21,768

18,303

14,802

10,070

6,363

3,776

2,867

-5,171

Income taxes

8,922

9,241

7,270

13,213

3,922

12,093

-12,295

3,617

5,662

16,556

91

186

-761

2,203

3,014

84

969

-5,802

370

809

398

401

347

67

Net income

42,248

52,345

41,724

32,913

17,975

12,149

45,643

34,568

35,686

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Non-controlling interests

-

-2,751

-97

215

1,041

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to SolarEdge Technologies, Inc.

42,248

52,778

41,627

33,128

19,016

12,936

45,643

34,568

35,686

19,502

27,971

22,524

14,175

9,765

15,616

17,273

20,799

24,105

14,432

9,261

5,965

3,375

2,520

-5,238

Net basic earnings per share of common stock attributable to SolarEdge Technologies, Inc.

0.86

1.11

0.86

0.69

0.40

0.28

1.00

0.76

0.81

0.45

0.66

0.54

0.34

0.24

0.38

0.42

0.52

0.61

0.37

0.29

0.01

0.00

0.00

-1.87

Net diluted earnings per share of common stock attributable to SolarEdge Technologies, Inc.

0.81

1.04

0.81

0.66

0.39

0.27

0.95

0.72

0.75

0.42

0.61

0.50

0.32

0.23

0.35

0.39

0.47

0.55

0.32

0.26

0.01

0.00

0.00

-1.87

Weighted average number of shares used in computing net basic earnings per share of common stock

49,193

48,776

48,195

47,683

47,020

45,891

45,601

45,216

44,231

43,354

42,433

41,700

41,348

41,126

40,926

40,776

40,362

39,511

39,301

39,160

2,822

2,815

2,812

2,806

Weighted average number of shares used in computing net diluted earnings per share of common stock

52,172

50,734

51,081

49,940

49,026

47,673

48,281

48,291

47,673

46,900

46,131

44,831

43,837

43,683

43,995

44,463

44,577

44,007

44,455

48,350

7,099

2,815

2,812

2,806

Change in comprehensive income (loss) related to foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38

Total comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,276

Reconciliation of net income (loss) to net income (loss) available to common stock used for net basic earnings (loss) per share calculations
Net income (loss)

42,248

52,778

41,627

33,128

19,016

12,936

45,643

34,568

35,686

19,502

27,971

22,524

14,175

9,765

15,616

17,273

20,799

24,105

14,432

9,261

5,965

3,375

2,520

-5,238

Reconciliation of net income (loss) to net income (loss) available to common stock used for net diluted earnings (loss) per share calculations
Net income (loss)

42,248

52,778

41,627

33,128

19,016

12,936

45,643

34,568

35,686

19,502

27,971

22,524

14,175

9,765

15,616

17,273

20,799

24,105

14,432

9,261

5,965

3,375

2,520

-5,238