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Enphase Energy Inc (NASDAQ:ENPH) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Enphase Energy Inc Earnings Cheat Sheet
Revenue: Decreased 0% to $57.57 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.12 per share. By that measure, the company beat the mean analyst estimate of $-0.19. It beat the average revenue estimate of $56.8 million.
Quoting Management: “Our fourth quarter results are encouraging on several fronts,” commented Paul Nahi, CEO of Enphase. “We had a significant improvement in operating performance and continued our gross margin expansion to a new record level. In addition, the fourth quarter is the first time that operating expenses did not increase sequentially and strict working capital management resulted in a positive operating cash flow of $7.6 million. This performance gives us confidence we will begin to realize leverage from the investments we have made in our business infrastructure.”
Key Stats (on next page)…
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