Enphase Energy (ENPH) Tops Q1 EPS by 3c, Beats on Revenues

Enphase Energy (NASDAQ: ENPH) reported Q1 EPS of ($0.01), $0.03 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $70 million versus the consensus estimate of $67.06 million.

• Revenue of $70.0 million, at the higher end of guidance
• GAAP gross margin of 26.2%; non-GAAP gross margin of 26.5%
• GAAP operating loss of $2.5 million; non-GAAP operating income of $0.9 million
• GAAP EPS of $(0.06); non-GAAP EPS of $(0.01)
• Ending cash balance of $53.3 million

For earnings history and earnings-related data on Enphase Energy (ENPH) click here.

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