TAN - SolarEdge's Q1 Results Cast Shadow With Revenue Decline But CEO Remains Optimistic | Benzinga
SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares are trading lower after it reported first-quarter FY24 results.
Revenues of $204.4 million, beating the consensus of $196.0 million. Revenues from the solar segment stood at $190.1 million, down 79% Y/Y, in the quarter.
Adjusted gross margin was negative (6.5)% versus a positive margin of 32.6% in the prior year quarter.
Adjusted operating loss stood at $(122.5) million versus an adjusted operating income of $183.8 million in the same quarter last year.
Adjusted EPS ...