Enphase Energy

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.

Company Growth (employees)
Type
Public
HQ
Petaluma, US
Founded
2006
Size (employees)
430 (est)-20%
Enphase Energy was founded in 2006 and is headquartered in Petaluma, US

Key People at Enphase Energy

Martin Fornage

Martin Fornage

Co-founder - Chief Technology Officer
Raghu Belur

Raghu Belur

Co-founder, Vice President of Products and Strategic Initiatives
Ciaran Fox

Ciaran Fox

Vice President of Quality and Reliability

Enphase Energy Office Locations

Enphase Energy has offices in Petaluma, Santa Clara, Milton Keynes, Colombier-Saugnieu and in 17 other locations
Petaluma, US (HQ)
1420 N Mc Dowell Blvd
Christchurch, NZ
1 Treffers Rd
South Melbourne, AU
19 150 Albert Rd
Beaconsfield, AU
100 2 Collins St
Shanghai, CN
32d Senao (Caoxi North Road)
Carate Brianza, IT
41 Via E. Toti
Show all (21)

Enphase Energy Data and Metrics

Enphase Energy Financial Metrics

Enphase Energy's revenue was reported to be $322.6 m in FY, 2016 which is a 10% decrease from the previous period.
USD

Revenue (FY, 2016)

322.6 m

Revenue growth (FY, 2015 - FY, 2016), %

(10%)

Gross profit (FY, 2016)

58 m

Gross profit margin (FY, 2016), %

18%

Net income (FY, 2016)

(67.5 m)

EBIT (FY, 2016)

(62.7 m)

Market capitalization (21-Jul-2017)

64.6 m

Cash (31-Dec-2016)

17.8 m
Enphase Energy's current market capitalization is $64.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

232.8 m343.9 m357.2 m322.6 m

Revenue growth, %

48%4%(10%)

Cost of goods sold

165.4 m230.9 m249 m264.6 m

Gross profit

67.4 m113 m108.2 m58 m

Gross profit Margin, %

29%33%30%18%

Operating expense total

89.6 m117.5 m127.5 m120.7 m

EBIT

(27.9 m)(10.1 m)(22.1 m)(62.7 m)

EBIT margin, %

(12%)(3%)(6%)(19%)

Interest expense

2.1 m1.9 m501 k2.8 m

Pre tax profit

(25.1 m)(7.3 m)(20.7 m)(66 m)

Income tax expense

(863 k)(766 k)(1.4 m)(1.5 m)

Net Income

(25.9 m)(8.1 m)(22.1 m)(67.5 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

38.2 m42 m28.5 m17.8 m

Inventories

16.6 m21.6 m40.8 m32 m

Current Assets

90.5 m114.9 m121.8 m117.9 m

PP&E

24.9 m30.8 m32.1 m31.4 m

Goodwill

3.7 m3.7 m3.7 m

Total Assets

116.7 m152.2 m165.5 m163.6 m

Accounts Payable

7.4 m22.3 m25.6 m31.7 m

Current Liabilities

33.4 m58.7 m72.8 m82.8 m

Non-Current Liabilities

43.1 m46.5 m

Total Liabilities

76.5 m105.2 m162.3 m

Additional Paid-in Capital

192.9 m208 m224.7 m252.1 m

Retained Earnings

(152.9 m)(161 m)(183.1 m)(250.5 m)

Total Equity

41.4 m1.3 m

Financial Leverage

4 x125.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(25.9 m)(8.1 m)(22.1 m)(67.5 m)

Depreciation and Amortization

7 m8.3 m10.5 m10.6 m

Accounts Receivable

(5 m)(14 m)(2.5 m)(18 m)

Inventories

3.3 m(5 m)(19 m)8.8 m

Cash From Operating Activities

(872 k)24.2 m(21.2 m)(33 m)

Purchases of PP&E

(6.3 m)(13.2 m)(12.5 m)(12.2 m)

Cash From Investing Activities

(6.3 m)(16.5 m)(12.5 m)(11.8 m)

Cash From Financing Activities

(58 k)(3.3 m)20.6 m34.4 m

Interest Paid

1.4 m1.4 m358 k2.7 m

Income Taxes Paid

899 k472 k594 k1.1 m
Y, 2016

Financial Leverage

125.8 x

Enphase Energy Market Value History

Enphase Energy Median Salaries

Source: 35 public H-1B filings from Enphase Energy

Enphase Energy Online and Social Media Presence

Enphase Energy Company Life and Culture

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