Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 265M | 29.8% |
| Gross Profit | -11M | 58.1% |
| Cost of Revenue | 276M | 19.9% |
| Operating expense | 149M | 1.1% |
| Net Income | -131M | 16.8% |
| EBITDA | -158M | 6.9% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.95B | 5.2% |
| Total Liabilities | 1.84B | 4.4% |
| Total Equity | 2.11B | 6% |
| Shares Outstanding | 57M | 0.3% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -45M | 79.4% |
| Cash from investing | 94M | 36.8% |
| Cash from financing | 300,000 | 100.6% |
EPS
Financial Highlights for Solaredge in Q2 '24
Solaredge reported a revenue of 265M, which is a 29.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -11M, marking a 58.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 276M, a 19.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 149M, showing a 1.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -131M, showing a 16.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -158M, showing a -6.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Solaredge with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
