Vivint Solar (VSLR) Misses Q1 EPS by 19c

Vivint Solar (NYSE: VSLR) reported Q1 EPS of ($0.57), $0.19 worse than the analyst estimate of ($0.38). Revenue for the quarter came in at $9.545 million versus the consensus estimate of $8.1 million.

• MW Booked of approximately 50 MWs for the quarter, up 90% year-over-year.
• MW Installed of approximately 46 MWs, up 131% year-over-year. Total cumulative MWs installed were approximately 274 MWs.
• Installations were 6,426 for the quarter, up 100% year-over-year. Cumulative installations were 42,146.

The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements supersede all prior statements regarding second quarter 2015 financial results.

For the second quarter of 2015, we expect:

• MW Installed: 63 to 67 MWs
• Total Revenue: $14 – $15 million
• Total Operating Expenses: $80 – $85 million (including $22 to $24 million in non-cash amortization of intangibles and stock compensation expense)
• Shares Outstanding: 105.9 million

For earnings history and earnings-related data on Vivint Solar (VSLR) click here.

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