Enphase Energy (ENPH) Misses Q1 EPS by 3c

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Go back to Enphase Energy (ENPH) Misses Q1 EPS by 3c

Enphase Energy Reports Financial Results for the First Quarter of 2016

May 3, 2016 4:07 PM EDT

PETALUMA, Calif., May 03, 2016 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the first quarter ended March 31, 2016.

Enphase Energy reported total revenue for the first quarter of 2016 of $64.1 million. During the first quarter of 2016, Enphase sold 143MW (AC) or 611,000 microinverters. GAAP gross margin for the first quarter of 2016 was 18.3 percent and non-GAAP gross margin was 18.8 percent.

GAAP operating expenses for the first quarter of 2016 were $30.8 million and non-GAAP operating expenses were $28.1 million. GAAP operating loss for the first quarter of 2016 was $19.1 million and... More