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.

Company Growth (employees)

Type

Public

Petaluma, US

Founded

2006

Size (employees)

430 (est)-20%

Website

enphase.com

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

Key People 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

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.

Summary

USD

Enphase Energy's current market capitalization is $64.6 m.

Income Statement

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
Gross profit Margin, %	29%	33%	30%	18%
Operating expense total	89.6 m	117.5 m	127.5 m	120.7 m
EBIT	(27.9 m)	(10.1 m)	(22.1 m)	(62.7 m)
EBIT margin, %	(12%)	(3%)	(6%)	(19%)
Interest expense	2.1 m	1.9 m	501 k	2.8 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)

Balance Sheet

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
PP&E	24.9 m	30.8 m	32.1 m	31.4 m
Goodwill		3.7 m	3.7 m	3.7 m
Total Assets	116.7 m	152.2 m	165.5 m	163.6 m
Accounts Payable	7.4 m	22.3 m	25.6 m	31.7 m
Current Liabilities	33.4 m	58.7 m	72.8 m	82.8 m
Non-Current Liabilities	43.1 m	46.5 m
Total Liabilities	76.5 m	105.2 m		162.3 m
Additional Paid-in Capital	192.9 m	208 m	224.7 m	252.1 m
Retained Earnings	(152.9 m)	(161 m)	(183.1 m)	(250.5 m)
Total Equity			41.4 m	1.3 m
Financial Leverage			4 x	125.8 x

Cash Flow

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
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 m	34.4 m
Interest Paid	1.4 m	1.4 m	358 k	2.7 m
Income Taxes Paid	899 k	472 k	594 k	1.1 m