SOLAREDGE TECHNOLOGIES, INC. (SEDG) [Rocket]

Overview

Financials

SOLAREDGE TECHNOLOGIES, INC. (SEDG)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/11/2023	4	Faier Ronen (CFO) has filed a Form 4 on SOLAREDGE TECHNOLOGIES, INC.
08/11/2023	4	Gross Dana Rebecca (Director) has filed a Form 4 on SOLAREDGE TECHNOLOGIES, INC.
08/07/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/01/2023	8-K	Quarterly results
07/07/2023	3	Gross Dana Rebecca (Director) has filed a Form 3 on SOLAREDGE TECHNOLOGIES, INC.
07/07/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
07/07/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Jun-30-16	Jun-30-15
Revenues	1,523.2	1,051.5	780.2	768.7	499.1	338.4	232.2	135.3
Revenue growth	44.9%	34.8%	1.5%	54.0%	47.5%		71.6%	1.6%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit	1,523.2	1,051.5	780.2	768.7	499.1	338.4	232.2	135.3
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Sales and marketing	159.7	119.0	96.0	88.0	68.3	50.0	34.8	25.0
Research and development
EBITA	96.9	177.5	152.0	176.9	136.0	109.5	72.8	18.0
EBITA margin	6.4%	16.9%	19.5%	23.0%	27.3%	32.4%	31.4%	13.3%
Amortization of intangibles	9.1	10.2	9.5	9.6	1.2	0.1	0.1
EBIT	87.8	167.3	142.6	167.3	134.8	109.4	72.7	18.0
EBIT margin	5.8%	15.9%	18.3%	21.8%	27.0%	32.3%	31.3%	13.3%
Pre-tax income	177.2	187.2	163.7	178.6	137.1	100.2	72.2	23.1
Income taxes	83.4	18.1	23.3	33.6	9.1	16.1	-4.4	2.0
Tax rate	47.1%	9.6%	14.3%	18.8%	6.6%	16.0%		8.5%
Net income	93.8	169.2	140.3	145.0	128.0	84.2	76.6	21.1
Net margin	6.2%	16.1%	18.0%	18.9%	25.7%	24.9%	33.0%	15.6%

Diluted EPS	$1.61	$3.02	$2.66	$2.89	$2.67	$1.85	$1.73	$1.38
Shares outstanding (diluted)	58.1	56.0	52.8	50.2	48.0	45.4	44.4	15.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.