Enphase Energy

Energy & Utilities Technology energy storage smart home solar

Enphase Energy is an energy technology company that designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. The Company provides solar micro inverters, primarily into the residential and commercial markets. Microinverters convert the direct current power from the solar panel directly into the grid-compatible alternating current for use or export.

Revenue(FY, 2016)

$322.6 M

Market capitalization(2018-06-14)

$623.7 M

Type

Public

Petaluma, US

Founded

2006

Size (employees)

430 (est)

Website

enphase.com

Enphase Energy was founded in 2006 and is headquartered in Petaluma, US

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Key People/Management at Enphase Energy

Martin Fornage

Co-Founder - Chief Technology Officer

Raghu Belur

Co-Founder, Vice President of Products and Strategic Initiatives

Ciaran Fox

Vice President of Quality and Reliability

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Enphase Energy Office Locations

Enphase Energy has offices in Burbank, Petaluma, Santa Clara, Milton Keynes and in 17 other locations

Petaluma, US (HQ)

1420 N McDowell Blvd

Santa Clara, US

2388 Walsh Ave

Beaconsfield, AU

100 2 Collins St

South Melbourne, AU

19 150 Albert Rd

Shanghai, CN

32d Senao （Caoxi North Road）

Colombier-Saugnieu, FR

905 rue d’Espagne BP 128 69125 Aéroport Lyon Saint Exupéry

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Enphase Energy Financials and Metrics

Enphase Energy Financials

Enphase Energy's revenue was reported to be $322.59 m in FY, 2016 which is a 9.7% decrease from the previous period.

Summary

USD
Revenue (Q2, 2017)	74.7 m
Gross profit (Q2, 2017)	13.5 m
Gross profit margin (Q2, 2017), %	18.1%
Net income (Q2, 2017)	(12.1 m)
EBIT (Q2, 2017)	(9.2 m)
Market capitalization (14-Jun-2018)	623.7 m
Closing share price (14-Jun-2018)	6.4
Cash (30-Jun-2017)	31 m

Enphase Energy's current market capitalization is $623.7 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	232.8 m	343.9 m	357.2 m	322.6 m
Revenue growth, %		48%	4%	(10%)
Cost of goods sold	165.4 m	230.9 m	249 m	264.6 m
Gross profit	67.4 m	113 m	108.2 m	58 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	62 m	57.6 m	82 m	99.1 m	86.7 m	102.1 m	102.9 m	64.1 m	79.2 m	88.7 m	54.8 m	74.7 m
Cost of goods sold	44.6 m	38.9 m	55.2 m	66.6 m	58.6 m	69.1 m	71.4 m	52.4 m	65 m	72.8 m	47.7 m	61.2 m
Gross profit	17.4 m	18.7 m	26.8 m	32.5 m	28 m	33 m	31.5 m	11.8 m	14.1 m	15.9 m	7 m	13.5 m
Gross profit Margin, %	28%	32%	33%	33%	32%	32%	31%	18%	18%	18%	13%	18%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	38.2 m	42 m	28.5 m	17.8 m
Inventories	16.6 m	21.6 m	40.8 m	32 m
Current Assets	90.5 m	114.9 m	121.8 m	117.9 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Cash	31.8 m	39.9 m	37.6 m	44.5 m	27.1 m	31.9 m	22.5 m	13 m	8.2 m	24.1 m	30 m	31 m
Inventories	24.4 m	14.1 m	15.7 m	15.5 m	34.7 m	34.1 m	36.7 m	45.6 m	39.3 m	39.1 m	33.8 m	20.8 m
Current Assets	94.1 m	86.8 m	105.5 m	114.5 m	114.8 m	141.3 m	141.6 m	112.9 m	104.4 m	129.9 m	122.8 m	121.5 m
PP&E	24.8 m	24.8 m	25.1 m	28.8 m	31.2 m	31.6 m	31.2 m	33 m	34.6 m	32.5 m	30.9 m	29.4 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(25.9 m)	(8.1 m)	(22.1 m)	(67.5 m)
Depreciation and Amortization	7 m	8.3 m	10.5 m	10.6 m
Inventories	3.3 m	(5 m)	(19 m)	8.8 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	(6.2 m)	(3 m)	813 k	(6.3 m)	(603 k)	624 k	(18.8 m)	(16.7 m)	(18.8 m)	(23.3 m)
Inventories		15.7 m	15.5 m	34.7 m	34.1 m	36.7 m	45.6 m	39.3 m	39.1 m	33.8 m
Accounts Payable		19.5 m	22 m	31 m	34.5 m	32.7 m	24.3 m	37.6 m	32.6 m	15.9 m