Enphase Energy, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $286.2M | $322.6M | $357.2M | $343.9M | $232.8M | $216.7M | $149.5M | $61.7M |
| Cost of Revenue | $230.1M | $264.6M | $249.0M | $230.9M | $165.4M | $161.4M | $120.5M | $55.2M |
| Gross Profit | $56.0M | $58.0M | $108.2M | $113.0M | $67.4M | $55.3M | $29.1M | $6.5M |
| Gross Margin | 19.6% | 18.0% | 30.3% | 32.9% | 29.0% | 25.5% | 19.4% | 10.5% |
| Operating Expenses | ||||||||
| Research & Development | $33.2M | $50.7M | $50.8M | $45.4M | $34.5M | $35.6M | $25.1M | $14.3M |
| SG&A Expense | $22.2M | $27.4M | $30.8M | $31.1M | $24.0M | $24.9M | $15.2M | $6.4M |
| Operating Income | $-39.4M | $-62.7M | $-20.2M | $-5.4M | $-23.0M | $-31.1M | $-29.3M | $-20.9M |
| Operating Margin | -13.8% | -19.4% | -5.7% | -1.6% | -9.9% | -14.4% | -19.6% | -33.8% |
| Interest Expense | $8.2M | $2.8M | $501.0K | $1.9M | $2.1M | $6.4M | $3.0M | $914.0K |
| Pretax Income | $-45.3M | $-66.0M | $-20.7M | $-7.3M | $-25.1M | $-37.6M | $-32.3M | $-21.8M |
| Income Tax Expense | $-149.0K | $1.5M | $1.4M | $766.0K | $863.0K | $651.0K | $0 | $0 |
| Net Income | $-45.2M | $-67.5M | $-22.1M | $-8.1M | $-25.9M | $-38.2M | $-32.3M | $-21.8M |
| Net Margin | -15.8% | -20.9% | -6.2% | -2.3% | -11.1% | -17.6% | -21.6% | -35.3% |
| EPS (Basic) | $-0.54 | — | — | — | — | — | — | — |
| EPS (Diluted) | $-0.54 | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 82.9M | 62.3M | 45.8M | 43.8M | 42.1M | 40.9M | 1.7M | — |
| Shares Outstanding (Diluted) | 82.9M | 62.3M | 45.8M | 43.8M | 42.1M | 40.9M | 1.7M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |