Vivint Solar designs, installs, and maintains cost-effective solar energy systems. The Company deploys its direct-to-home sales force to provide in-person professional consultations to prospective customers to evaluate the feasibility of installing a solar energy system at their residence.

Type
Public
Parent Company
Blackstone Group
HQ
Lehi, US
Founded
2011
Size (employees)
3,001 (est)
Vivint Solar was founded in 2011 and is headquartered in Lehi, US
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Key People/Management at Vivint Solar

David Bywater

David Bywater

CEO
Dana Russell

Dana Russell

CFO
Bryan Christiansen

Bryan Christiansen

COO
Paul Dickson

Paul Dickson

CRO
Chance Allred

Chance Allred

Chief Sales Officer
Thomas Plagemann

Thomas Plagemann

CCO

Vivint Solar Office Locations

Vivint Solar has offices in Mesa, Lehi, Bakersfield, North Haven and in 8 other locations
Lehi, US (HQ)
1800 Ashton Blvd
Albany, US
22 Kairnes St
Albuquerque, US
5600 Venice Ave NE
American Fork, US
1 584 E 1100 S St
Bakersfield, US
d 2501 Union Ave
Beltsville, US
g 12400 Kiln Ct
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Vivint Solar Financials and Metrics

Vivint Solar Financials

Vivint Solar's revenue was reported to be $268.03 m in FY, 2017
USD

Revenue (Q1, 2018)

68.3 m

Gross profit (Q1, 2018)

3.5 m

Gross profit margin (Q1, 2018), %

5.2%

Net income (Q1, 2018)

(61.4 m)

EBIT (Q1, 2018)

(28.1 m)

Market capitalization (15-May-2018)

484.4 m

Closing share price (15-May-2018)

4.2

Cash (31-Mar-2018)

78.5 m

EV

1.4 b
Vivint Solar's current market capitalization is $484.4 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

109 k64.2 m135.2 m268 m

Revenue growth, %

58783%111%

Cost of goods sold

230.3 m

Gross profit

37.7 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

9.5 m16.1 m22.5 m17.2 m34.9 m41.3 m53.1 m73 m68.3 m

Cost of goods sold

64.7 m

Gross profit

3.5 m

Gross profit Margin, %

5%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

261.6 m92.2 m96.6 m108.5 m

Accounts Receivable

1.8 m3.6 m12.7 m19.7 m

Inventories

774 k631 k11.3 m22.6 m

Current Assets

281.1 m113.6 m167.2 m184.8 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

194.2 m152.2 m81.8 m87.2 m69.6 m113 m150.5 m115.6 m78.5 m

Accounts Receivable

3.4 m5.4 m5.5 m7 m11.9 m12.1 m17.1 m21.7 m18.2 m

Inventories

772 k342 k472 k1.5 m3.9 m6.5 m13.4 m16.1 m15.8 m

Current Assets

218.2 m178.2 m108.6 m115.8 m101.4 m151.1 m201.1 m179.9 m134.7 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(3.3 m)(253.3 m)(242.5 m)8.5 m

Depreciation and Amortization

18 k24.9 m46.8 m60.6 m

Inventories

(195 k)143 k(10.7 m)(11.3 m)

Accounts Payable

286 k1.6 m2.7 m(93 k)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

(60 m)(89.7 m)(50.3 m)(105.6 m)(52.3 m)(197.1 m)(55.5 m)(92.5 m)(61.4 m)

Depreciation and Amortization

3.8 m3.7 m3.7 m265 k155 k32.4 m14.2 m29 m16.3 m

Inventories

772 k342 k472 k1.5 m3.9 m(5.9 m)(2.1 m)(4.9 m)6.8 m

Accounts Payable

64.5 m79.5 m87.9 m47.7 m54.3 m664 k296 k(62 k)374 k
USDY, 2018

EV/EBIT

-49.1 x

EV/CFO

-97.3 x

Revenue/Employee

22.7 k

Financial Leverage

6.5 x
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Vivint Solar News and Updates

Vivint Solar Reports Lackluster Shipments But Its Revenue Increased By 60%

Vivint Solar, one of the United States' leading residential solar installers, announced its Fourth Quarter And Full Year 2017 financial results this week, and though the company missed the low end of its shipping guidance, it nevertheless fulfilled its goals of increasing revenue. 

Vivint Solar Continues Rebuild With Solid 3rd Quarter

US residential solar installer Vivint Solar has reported yet another solid quarter this week, revealing installations and revenue remained relatively unchanged from previous quarters in its continued efforts to bounce back after a torturous 2016. 

Vivint Solar Continues Expansion With Move Into Virginia

One of the United States' leading residential solar installers, Vivint Solar, has continued what is turning out to be an impressive year of expansion, by announcing that it has expanded into the state of Virginia.  Vivint Solar Continues Expansion With Move Into Virginia was originally published on …

Vivint Solar Continues Huge Month With Expansion Into Vermont

It's been a huge month for Vivint Solar, one of the United States' leading residential solar providers, and it continues the upward momentum this week, announcing that it will be expanding its services into Vermont.  Vivint Solar Continues Huge Month With Expansion Into Vermont was originally publis…
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