Vivint Solar (VSLR) Tops Q4 EPS by 4c

Vivint Solar (NYSE: VSLR) reported Q4 EPS of ($0.41), $0.04 better than the analyst estimate of ($0.45). Revenue for the quarter came in at $41.8 million versus the consensus estimate of $42.09 million.

• Operating Leases and Incentives Revenue was $25.3 million, up 63% from $15.5 million in the fourth quarter of the prior year. Total revenue for the quarter was $41.8 million, up 161% from $16.0 million in the fourth quarter of the prior year.
• Cost of Revenue – Operating Leases and Incentives was $35.2 million, down from $36.4 million in the same period of 2015.
• Total Operating Expenses, including cost of revenue, were $79.9 million, compared to $71.7 million in the fourth quarter of 2015.
• Loss from Operations was $38.1 million compared to $55.7 million in the same period of 2015.
• GAAP Net Income Available (Loss Attributable) per Diluted Share to Common Stockholders was $0.18, up from ($0.12) in the fourth quarter of 2015.
• Non-GAAP Net Loss Attributable Before Non-Controlling Interests and Redeemable Non-Controlling Interests per Share was ($0.41), up from ($0.50) in the same period of 2015. See below for a further discussion of Non-GAAP Loss per Share.
• Cash and Cash Equivalents as of December 31, 2016 were $96.6 million.

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

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