Enphase Energy Inc ( (ENPH) ) has released its Q4 earnings. Here is a breakdown of the information Enphase Energy Inc presented to its investors.
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Enphase Energy, Inc., a leading global energy technology company, specializes in microinverter-based solar and battery systems, facilitating solar energy usage and storage with innovative solutions.
In its latest earnings report for the fourth quarter of 2024, Enphase Energy revealed a quarterly revenue of $382.7 million and sustained strong manufacturing capabilities, shipping over 2 million microinverters and 152.4 megawatt hours of IQ Batteries. This marks a continued focus on expanding their footprint in both domestic and international markets.
Key financial metrics for the quarter included a GAAP gross margin of 51.8% and a non-GAAP gross margin of 53.2%, with significant contributions from U.S. manufacturing. The company reported a GAAP net income of $62.2 million, equating to diluted earnings per share of $0.45, and a non-GAAP net income of $125.9 million, translating to $0.94 per diluted share. Enphase maintained robust liquidity with $1.72 billion in cash and equivalents.
Strategically, Enphase made notable advances with its product offerings, including the launch of the IQ PowerPack 1500 and the IQ EV Charger 2, while also expanding into Southeast Asia and Latin America. These efforts align with their commitment to enhancing energy solutions across various regions.
Looking ahead, Enphase Energy projects revenues between $340 million and $380 million for the first quarter of 2025, emphasizing continued innovation and market expansion as key drivers for growth. The company anticipates maintaining strong margins and operational efficiency to support its strategic initiatives in the global solar and battery markets.
