Needham & Company Raises Price Target on SolarEdge Technologies (SEDG) Following 4Q EPS Beat
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SolarEdge Announces Fiscal Fourth Quarter and Year End 2015 Financial Results
August 12, 2015 4:01 PM EDTFREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (NASDAQ: SEDG) today announced its financial results for the fiscal fourth quarter and year ended June 30, 2015.
Fourth Quarter and Full Fiscal Year 2015 Highlights
Record revenue for fiscal Q4 2015 of $98.4 million, up 13.9% from the prior quarter and 120.8% from fiscal Q4 2014. Record revenue for fiscal year 2015 of $325.1 million, representing a 144.0% year-over-year growth GAAP gross margin of 28.7% for fiscal Q4 2015 and 25.2% for fiscal year 2015 GAAP net income for fiscal Q4 2015 of $9.3 million, and net income for... More