Enphase Energy

Enphase Energy brings a system-based, high-tech approach to solar energy, leveraging expertise in semiconductor integration, power electronics and networking technologies to continually advance the performance, intelligence and reliability of solar energy systems. Enphase's vision is to make solar simple and energy smart so everyone is empowered to create a zero energy footprint for themselves, their home and their business. Our mission is to build the world's finest networked energy system and revolutionize power generation on a global scale - one solar panel, one kilowatt hour at a time. By combining the power of solar energy and the proven advantages of communications technology, Enphase Energy products make solar power systems productive, reliable, smart and safe, increasing the energy harvest of solar panels by up to 25 percent. Enphase Energy, a publicly-held company based in Northern California, is led by veterans from the solar, telecom, networking and software industries, and backed by leaders from throughout the solar power industry. Only Enphase Energy brings a system-based, high-tech approach to solar energy, leveraging expertise in semiconductor integration, power electronics and networking technologies to continually advance the performance, intelligence and reliability of solar energy systems. The Enphase System includes our revolutionary microinverter, groundbreaking data collection and transmission equipment, and web-based analytics and management tools.
Company Growth (employees)
Type
Public
HQ
Petaluma, US
Founded
2006
Size (employees)
543 (est)
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 18 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
Colombier Saugnieu, FR
905 Rue D’espagne Bp 128 69125 Aéroport Lyon Saint Exupéry
Milton Keynes, GB
Regus House Fairbourne Drive Atterbury
Santa Clara, US
2388 Walsh Ave

Enphase Energy Data and Metrics

Enphase Energy Financial Metrics

Enphase Energy's revenue was reported to be $322.6 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

322.6 m

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

(10%)

Gross profit (Y, 2016)

58 m

Gross profit margin (Y, 2016), %

18%

Net income (Y, 2016)

(67.5 m)

EBIT (Y, 2016)

(62.7 m)

Market capitalization (26-May-2017)

60.6 m

Closing share price (26-May-2017)

0.7

Cash (31-Dec-2016)

17.8 m
Enphase Energy's current market capitalization is $60.6 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015Y, 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)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

38.2 m42 m28.5 m17.8 m

Accounts Receivable

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 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
Numbers are in $, 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

Accounts Payable

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 Job Categories

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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