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Enphase Energy Inc (OQ:ENPH)

Business Focus: Photovoltaic Solar Systems & Equipment

Sector:  Energy Industry:  Renewable Energy Equipment & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 47281 Bayside Parkway
FREMONT CA 94538
Tel: N/A
Website: https://enphase.com
IR: See website
Key People
Badrinarayanan Kothandaraman
President, Chief Executive Officer, Director
Mandy Yang
Chief Financial Officer, Executive Vice President
David A. Ranhoff
Executive Vice President, Chief Commercial Officer
Mary Erginsoy
Chief Accounting Officer, Vice President
   
Business Overview
Enphase Energy, Inc. is a global energy technology company. The Company designs, develops, manufactures and sell home energy solutions that manage energy generation, energy storage and control and communications on one intelligent platform. Its Enphase Energy System brings a high-technology, networked approach to solar generation plus energy storage, by leveraging its design across power electronics, semiconductors and cloud-based software technologies. Its integrated approach to energy solutions maximizes a home's energy potential while providing advanced monitoring and remote maintenance capabilities. The Enphase Energy System uses a single technology platform for seamless management of the entire system, including IQ Microinverters, IQ Batteries, IQ EV Charger, and other hardware. It has a built-in system redundancy in both photovoltaic (PV) generation and energy storage. Its commercial systems have been deployed in more than 150 countries.
Financial Overview
For the three months ended 31 March 2024, Enphase Energy Inc revenues decreased 64% to $263.3M. Net loss totaled $16.1M vs. income of $146.9M. Revenues reflect United States segment decrease of 68% to $150M, International segment decrease of 55% to $113.4M. Net loss reflects Stock-based Compensation in R&D increase of 14% to $24.6M (expense), Restructuring and asset impairment charg increase from $693K to $1.9M (expense).