Company Quick10K Filing
Enphase Energy
10-Q 2020-03-31 Filed 2020-05-05
10-K 2019-12-31 Filed 2020-02-21
10-Q 2019-09-30 Filed 2019-10-30
10-Q 2019-06-30 Filed 2019-07-30
10-Q 2019-03-31 Filed 2019-04-30
10-K 2018-12-31 Filed 2019-03-15
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-06
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-04-02
10-Q 2017-09-30 Filed 2017-11-08
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-03-16
10-Q 2016-09-30 Filed 2016-11-02
10-Q 2016-06-30 Filed 2016-08-03
10-Q 2016-03-31 Filed 2016-05-04
10-K 2015-12-31 Filed 2016-03-01
10-Q 2015-09-30 Filed 2015-11-04
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-06
10-K 2014-12-31 Filed 2015-03-04
10-Q 2014-09-30 Filed 2014-11-05
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-07
10-K 2013-12-31 Filed 2014-03-04
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-07
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-03-05
10-Q 2012-09-30 Filed 2012-11-13
10-Q 2012-06-30 Filed 2012-08-13
10-Q 2012-03-31 Filed 2012-05-14
8-K 2020-05-05 Earnings, Exhibits
8-K 2020-03-04 Enter Agreement, Off-BS Arrangement, Sale of Shares, Other Events, Exhibits
8-K 2020-03-03 Officers
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

Quarterly | Annual

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 ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
SolarEdge Technologies (SEDG) 4,511 33% 30.8 7% 1,338 600 1,007 336 94 138 4,263
Viavi Solutions (VIAV) 3,366 58% 19.9 2% 1,808 1,100 1,162 675 28 142 2,833
Semtech (SMTC) 3,315 62% 33.6 5% 1,039 570 351 50 96 3,230
Cirrus Logic (CRUS) 3,246 52% 15.8 7% 1,584 405 1,192 618 117 191 3,024
Enphase Energy (ENPH) 2,974 34% 43.8 9% 524 371 507 172 45 66 2,875
Lattice Semiconductor (LSCC) 2,763 58% 47.7 4% 593 284 400 233 22 59 2,823
Acacia Communications (ACIA) 2,755 48% 92.3 4% 705 151 443 213 29 29 2,691
Power Integrations (POWI) 2,749 51% 34.2 9% 636 71 400 203 58 78 2,669
Finisar (FNSR) 2,740 28% 34.8 -2% 2,395 781 1,248 353 -43 53 1,857
Inphi (IPHI) 2,737 57% 159.8 -9% 912 564 349 201 -81 19 3,103
Amkor Technology (AMKR) 2,191 15% 5.1 1% 4,406 2,518 3,955 609 52 570 2,892
SunPower (SPWR) 2,172 3% 13.5 1% 1,890 2,050 1,717 59 26 149 2,010
Ambarella (AMBA) 2,132 58% -88.3 -6% 514 69 172 99 -32 -21 1,880
Diodes (DIOD) 2,067 37% 10.6 8% 1,610 533 1,262 471 136 174 1,847
OSI Systems (OSIS) 1,996 36% 16.2 4% 1,290 749 1,207 434 57 134 2,172
O2Micro (OIIM) 1,970 0% 89 10 0 0 0 0 1,937
MaxLinear (MXL) 1,594 53% 39.1 -2% 707 293 335 177 -11 45 1,743
Jinkosolar Holding (JKS) 1,561 0% 35,853 27,399 0 0 0 0 220
Kulicke & Soffa (KLIC) 1,558 47% 17.3 1% 1,080 311 540 255 12 69 1,194
Rambus (RMBS) 1,503 62% -36.3 -6% 1,300 339 233 143 -83 -43 1,558

Balance Sheet ($MM)2012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash32674245363432384038454227322228138241830312929535811610678206203
Accounts Receivable131033282532353228474945466775464749596149566965565954798298134
Inventory26311720221824171416152235343741463939323421252619171816132030
PP&E23252536252525412525295531323164333532713129287125232073202224
Assets103136124122113113120117113132145152153181183166159153176164168164177169212219327340319482524
Accounts Payable25261511910157920222231343326243833321615352914222849526661
Long-Term Debt1312111010998760252550505050515211211068103104
Liabilities99666266656980767795102105110133130124133140166162160166185178243249322332305364371
Stockholders' Equity570635748444040363742474449534126121017-2-8-9-31-304814117152
Income Statement ($MM)2012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue43566158465862675882991058710210366647989915575778070767892100134180
Cost of Revenue334244423342454639556770596971505265737448616161525353646789115
Gross Profit914161612161721192833352833311612141616714161918232528334565
R&D8911998899121213131312131313131110878898791011
SG&A11121414131314141518192020211818181718141211111113141514171819
Tax0000000000000001000101-0-10001010
Net Income-10-11-9-8-10-6-6-3-6-310-6-11-16-19-17-19-13-23-12-7-3-5-4-3131131
Cash Flow ($MM)2012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-14-18-208-7-1-084-0119-11-12-68-157-21-4-250-2-234717155
Cash Investing-5-3-3-2-2-2-1-1-2-2-6-7-4-3-3-3-3-5-2-2-3-0-0-1-1-0-10-1-3-4
Cash Financing-156-2-2-00-00-0-02-4119013-739-04100322261-44115-3