Stock Analysis on Net

SolarEdge Technologies Inc. (NASDAQ:SEDG)

This company has been moved to the archive! The financial data has not been updated since February 22, 2023.

Income Statement
Quarterly Data

SolarEdge Technologies Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Revenues 890,702 836,723 727,774 655,080 551,915 526,404 480,057 405,489 358,107 338,095 331,851 431,218 418,223 410,556 325,010 271,871 263,670 236,578 227,118 209,871
Cost of revenues (629,655) (614,722) (545,132) (476,122) (391,424) (353,843) (323,865) (265,415) (247,782) (230,032) (228,888) (291,210) (274,974) (271,247) (214,340) (185,761) (183,959) (158,596) (145,172) (130,274)
Gross profit 261,047 222,001 182,642 178,958 160,491 172,561 156,192 140,074 110,325 108,063 102,963 140,008 143,249 139,309 110,670 86,110 79,711 77,982 81,946 79,597
Research and development (78,959) (69,659) (74,847) (66,349) (64,326) (55,666) (52,664) (46,977) (47,513) (40,817) (38,098) (36,695) (34,900) (30,747) (29,505) (26,199) (24,710) (20,109) (19,551) (17,875)
Sales and marketing (42,663) (42,726) (38,975) (35,316) (33,248) (29,383) (29,458) (26,911) (28,872) (21,924) (20,936) (24,253) (23,659) (22,026) (22,127) (20,172) (19,210) (16,938) (15,954) (16,205)
General and administrative (30,013) (27,933) (28,121) (26,429) (21,879) (21,098) (19,370) (19,849) (18,042) (14,928) (13,964) (16,185) (11,771) (12,214) (13,685) (11,691) (11,837) (6,898) (5,776) (4,753)
Other operating income (expenses), net (114,575) 2,724 (4,687) 859 (2,209) (1,471) 4,900 (22,391) (8,305)
Operating expenses (266,210) (137,594) (146,630) (128,094) (119,453) (106,147) (100,633) (95,946) (95,898) (77,669) (72,998) (72,233) (92,721) (73,292) (65,317) (58,062) (55,757) (43,945) (41,281) (38,833)
Operating income (5,163) 84,407 36,012 50,864 41,038 66,414 55,559 44,128 14,427 30,394 29,965 67,775 50,528 66,017 45,353 28,048 23,954 34,037 40,665 40,764
Financial income (expense), net 56,101 (33,025) (14,311) (5,449) (6,324) (5,751) (1,743) (6,097) 10,380 15,765 11,565 (16,605) 11,058 (17,023) 773 (6,151) 288 (689) (2,480) 584
Other income 186 7,533
Income before income taxes 51,124 58,915 21,701 45,415 34,714 60,663 53,816 38,031 24,807 46,159 41,530 51,170 61,586 48,994 46,126 21,897 24,242 33,348 38,185 41,348
Income taxes (30,295) (34,172) (6,617) (12,292) 6,240 (7,615) (8,724) (7,955) (7,152) (2,408) (4,862) (8,922) (9,241) (7,270) (13,213) (3,922) (12,093) 12,295 (3,617) (5,662)
Net income 20,829 24,743 15,084 33,123 40,954 53,048 45,092 30,076 17,655 43,751 36,668 42,248 52,345 41,724 32,913 17,975 12,149 45,643 34,568 35,686
Net (income) loss attributable to non-controlling interests 433 (97) 215 1,041 787
Net income attributable to SolarEdge Technologies, Inc. 20,829 24,743 15,084 33,123 40,954 53,048 45,092 30,076 17,655 43,751 36,668 42,248 52,778 41,627 33,128 19,016 12,936 45,643 34,568 35,686

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. SolarEdge Technologies Inc. revenues increased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Operating income The net result for the period of deducting operating expenses from operating revenues. SolarEdge Technologies Inc. operating income increased from Q2 2022 to Q3 2022 but then decreased significantly from Q3 2022 to Q4 2022.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. SolarEdge Technologies Inc. income before income taxes increased from Q2 2022 to Q3 2022 but then slightly decreased from Q3 2022 to Q4 2022.
Net income attributable to SolarEdge Technologies, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. SolarEdge Technologies Inc. net income attributable to SolarEdge Technologies, Inc. increased from Q2 2022 to Q3 2022 but then slightly decreased from Q3 2022 to Q4 2022.