SolarEdge Technologies, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, the company reported revenues of $196.2 million, surpassing analysts' expectations of $189.1 million, though down 17% from the prior quarter.
Despite the revenue beat, SolarEdge reported a GAAP net loss of $287.4 million, or $5.00 per share, and a Non-GAAP net loss of $3.52 per share, which missed the predicted loss of $1.65 per share. The quarter included $138 million in asset write-downs and impairments.
A key highlight was the return to positive cash flow from operating activities of $37.8 million and free cash flow of $25.5 million, marking the second straight quarter of positive free cash flow generation. For Q1 2025, the company provided revenue guidance in the range of $195 million to $215 million.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.