Company Quick10K Filing
Enphase Energy
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 131 $2,458
10-Q 2019-10-30 Quarter: 2019-09-30
10-Q 2019-07-30 Quarter: 2019-06-30
10-Q 2019-04-30 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-06 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-04-02 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-16 Annual: 2016-12-31
10-Q 2016-11-02 Quarter: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-K 2016-03-01 Annual: 2015-12-31
10-Q 2015-11-04 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-06 Quarter: 2015-03-31
10-K 2015-03-04 Annual: 2014-12-31
10-Q 2014-11-05 Quarter: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-03-04 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-03-05 Annual: 2012-12-31
10-Q 2012-11-13 Quarter: 2012-09-30
10-Q 2012-08-13 Quarter: 2012-06-30
10-Q 2012-05-14 Quarter: 2012-03-31
8-K 2020-02-18 Earnings, Exhibits
8-K 2019-12-12 Regulation FD, Exhibits
8-K 2019-10-29 Earnings, Exhibits
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-05-29 Enter Agreement, Off-BS Arrangement, Sale of Shares, Other Events, Exhibits
8-K 2019-05-15 Shareholder Vote
8-K 2019-04-30 Earnings, Exhibits
8-K 2019-04-25 Officers
8-K 2019-02-26 Earnings, Exhibits
8-K 2019-01-31 Officers, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-10-01 Officers
8-K 2018-08-16 Regulation FD, Exhibits
8-K 2018-08-14 Enter Agreement, Off-BS Arrangement, Sale of Shares, Other Events, Exhibits
8-K 2018-08-09 Enter Agreement, M&A, Sale of Shares, Other Events, Exhibits
8-K 2018-07-31 Earnings, Exhibits
8-K 2018-06-12 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-06-04 Officers
8-K 2018-05-17 Shareholder Vote
8-K 2018-04-26 Earnings, Officers, Exhibits
8-K 2018-03-07 Officers, Exhibits
8-K 2018-02-28 Enter Agreement, Exhibits
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-04 Enter Agreement, Earnings, Sale of Shares, Exhibits

Enphase Energy Financials

ENPH Metrics, Comps, Filings

Annual | Quarterly

Business

We are a global energy technology company, delivering smart, easy-to-use solutions that connect solar generation, storage and communications management on one intelligent platform. We revolutionized solar with our microinverter technology and produce the world's only truly integrated solar-plus-storage solution. We have shipped more than 19 million microinverters, representing over 4 gigawatts of solar photovoltaic ("PV") generating capacity, and more than 855,000 Enphase residential and commercial systems have been deployed in over 125 countries.

We were incorporated as PVI Solutions, Inc. in March 2006 in the State of Delaware and changed our name to Enphase Energy, Inc. in July 2007.

On August 9, 2018, we completed the purchase of assets primarily relating to SunPower Corporation's ("SunPower") microinverter business. We acquired intellectual property, technology and other assets primarily relating to the microinverter business and assumed certain intellectual property and customer relationships for the following consideration: (i) $25 million payable in cash; and (ii) 7.5 million shares of our common stock issued to SunPower at closing. In addition, we and SunPower entered into (i) a Master Supply Agreement ("MSA") under which SunPower is obligated to exclusively procure module level power electronics and related equipment for use in the United States ("U.S.") residential market from us for a period of five years and (ii) a stockholders agreement to establish certain SunPower rights and obligations related to the shares issued, including SunPower's right to appoint one person to our board of directors, certain additional transfer restrictions on the shares, and voting, standstill and other undertakings by SunPower.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Semtech (SMTC) 3,315,426 62% 29.6 4% 1,056,314 602,056 371,588 44,165 109,321 3,230,525
Cabot Microelectronics (CCMP) 3,300,411 45% 14.4 5% 2,299,077 1,273,744 915,780 413,889 107,676 283,062 4,075,416
Viavi Solutions (VIAV) 3,066,675 58% 18.0 0% 1,815,100 1,089,300 1,130,300 651,400 5,400 140,600 2,536,275
SolarEdge Technologies (SEDG) 3,049,338 32% 19.8 9% 1,221,694 541,646 1,097,129 354,473 110,723 144,916 2,872,763
Finisar (FNSR) 2,739,584 28% 23.9 -2% 2,394,929 780,786 1,248,172 352,674 -43,447 77,834 1,857,315
Cirrus Logic (CRUS) 2,486,245 51% 12.6 7% 1,470,116 352,866 1,169,294 595,432 98,881 181,227 2,288,168
Enphase Energy (ENPH) 2,457,856 33% 66.8 2% 481,518 364,247 404,535 132,087 10,622 35,241 2,354,830
Inphi (IPHI) 2,268,708 57% 64.6 -10% 890,140 546,736 333,048 189,728 -87,619 40,669 2,626,584
Power Integrations (POWI) 2,157,553 51% 23.9 9% 620,389 76,524 395,445 202,056 58,481 86,083 2,058,062
Ambarella (AMBA) 2,136,945 59% -68.3 -8% 490,232 61,771 211,954 125,529 -41,066 -28,027 1,914,243
OSI Systems (OSIS) 2,116,483 36% 14.7 5% 1,264,864 713,137 1,182,115 430,594 64,796 155,495 2,278,723
Lattice Semiconductor (LSCC) 2,045,965 43% 30.4 3% 616,659 321,482 397,848 171,996 15,820 69,606 2,114,829
O2Micro (OIIM) 1,969,617 0% 89,309 10,263 0 0 0 0 1,937,169
Acacia Communications (ACIA) 1,894,822 46% 69.2 3% 668,780 139,230 428,748 198,773 22,191 26,708 1,848,647
Diodes (DIOD) 1,770,050 37% 8.7 8% 1,614,159 563,007 1,259,691 463,812 129,168 176,416 1,533,236
Amkor Technology (AMKR) 1,767,746 16% 3.3 1% 4,309,284 2,478,108 4,015,732 627,292 54,512 755,926 2,526,736
SunPower (SPWR) 1,695,064 1% 166.3 -6% 1,938,927 2,035,572 1,669,606 20,775 -123,183 9,608 1,597,659
MaxLinear (MXL) 1,662,940 53% 27.8 -3% 729,160 317,784 339,779 178,933 -20,704 66,108 1,837,511
Jinkosolar Holding (JKS) 1,560,804 0% 35,853,182 27,399,204 0 0 0 0 220,179
Kulicke & Soffa (KLIC) 1,483,781 47% 12.0 3% 1,112,569 325,134 585,049 274,975 34,884 90,961 1,087,769

Balance Sheet ($'000)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash45,29438,19042,03228,45217,76429,144106,237
Accounts Receivable27,74332,08445,11946,09961,01965,34678,938
Inventory19,84316,58021,59040,80031,96025,99916,267
PP&E25,54141,45930,82432,11831,44026,48320,998
Assets122,291116,669152,192165,528163,576169,147339,937
Accounts Payable11,2727,36322,31625,56931,69628,74748,794
Long-Term Debt11,0618,708023,80049,751109,783
Liabilities65,63676,463105,240124,079162,276178,273332,161
Stockholders' Equity56,65540,20646,95241,4491,300-9,1267,776
Income Statement ($'000)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue216,678232,846343,904357,249322,591286,166316,159
Cost of Revenue161,390165,430230,861249,032264,583230,123221,714
Gross Profit55,28867,416113,043108,21758,00856,04394,445
R&D35,60134,52445,38650,81950,70333,15732,587
SG&A50,84855,05072,08676,70766,22845,34756,133
Tax6518994725941,146-1491,398
Net Income-38,218-25,913-8,052-22,082-67,462-45,192-11,627
Cash Flow ($'000)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-44,645-87224,222-21,160-32,953-28,44216,132
Cash Investing-12,990-6,257-16,534-12,462-11,795-4,121-19,151
Cash Financing51,436-58-3,34220,56434,37543,29780,614