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SolarEdge Technologies (NASDAQ:SEDG) -0.4% post-market after missing Q4 earnings expectations but issuing above-consensus guidance for Q1 sales.
SolarEdge said it forecasts Q1 revenues of $615M-$645M, above $579M analyst consensus estimate, including solar segment sales of $575M-$595M, with adjusted gross margin of 28%-30%
The company said it hit records for Q4 and FY 2021 revenues of $551.9M and $1.96B, respectively, and for Q4 and FY 2021 solar segment revenues of $502.7M and $1.79B, respectively.
Q4 adjusted gross margin was 30.3%, down from 34.0% in Q3 and down from 32.5% in the year-earlier quarter.
Q4 adjusted operating income was $72.9M, down 23% Q/Q from $95.2M but up 68% Y/Y from $43.5M.
Q4 cash flow from operating activities was $89.6M, up from $61.8M in Q3 and $27.2M in the year-ago quarter.
SolarEdge shares rose 5.2% in Tuesday's regular trading but have declined 11% YTD and 24% during the past year.