SOLAREDGE TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
SEDG$25.86-6.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income (Loss)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $204,399 | $943,889 |
| Cost of revenues | 230,586 | 643,763 |
| Gross profit (loss) | (26,187) | 300,126 |
| Operating expenses: | ||
| Research and development | 75,351 | 79,873 |
| Sales and marketing | 38,911 | 40,966 |
| General and administrative | 30,865 | 36,567 |
| Other operating expense (income), net | 2,391 | (1,434) |
| Total operating expenses | 147,518 | 155,972 |
| Operating income (loss) | (173,705) | 144,154 |
| Financial income (expense), net | (7,064) | 23,674 |
| Other loss, net | - | (125) |
| Income (loss) before income taxes | (180,769) | 167,703 |
| Tax benefits (income taxes) | 23,754 | (29,325) |
| Net loss from equity method investments | (296) | - |
| Net income (loss) | $(157,311) | $138,378 |
| Net basic earnings (loss) per share of common stock | $(2.75) | $2.46 |
| Net diluted earnings (loss) per share of common stock | $(2.75) | $2.35 |
| Weighted average number of shares used in computing net basic earnings (loss) per share of common stock | 57,140,126 | 56,215,490 |
| Weighted average number of shares used in computing net diluted earnings (loss) per share of common stock | 57,140,126 | 59,193,831 |
F - 3
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