Short answer
Solaredge Technologies Inc (SEDG) filed its fiscal 2016 10-K annual report with the SEC on Aug 17, 2016. It reported revenue of $490M and net income of $77M.
- Top risk flagged: Regulatory exposure: Israeli Patent Law claims could require remuneration or royalties for employee service inventions despite contractual waivers
FY2016 key financial metrics · XBRL
- Revenue
- $490M
- Net income
- $77M
- Operating margin
- 14.6%
- Gross margin
- 31.0%
- EPS (diluted)
- $1.73
- ROE
- 26.5%
- Operating cash flow
- $52M
Source: XBRL data from the Solaredge Technologies Inc (SEDG) FY2016 10-K on SEC EDGAR. USD.
Solaredge Technologies Inc FY2016 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- DC-optimized solar inverter systems combining module-level power optimizers, centralized inverters and cloud monitoring
- New emphasis on StorEdge battery integration, HD-Wave inverters and extended commercial solutions introduced in June 2016
- Broader positioning beyond solar conversion toward energy storage, smart energy management and larger commercial installations
- Shipments reached 3.4 GW across 96 countries, with 608 employees and R&D expense of $33.2 million
- Fourth-generation power optimizers nearing launch, while automated Hungary production reached approximately 4,000 units daily
Management Discussion & Analysis
- Revenue $489.8M, up 50.7% YoY from $325.1M, driven by U.S. system growth
- Gross margin 31.0% vs 25.2%, net income $76.6M vs $21.1M
- Power optimizers best metric: 5.7M units, up 62.1%; inverter shipments 224,000, up 47.4%
- Operating cash flow $52.4M, capex $15.7M, marketable securities investments $118.5M
- Outlook: continued sales, R&D and automation investment; risks from customer concentration, currency and commodity prices
Risk Factors
- Regulatory exposure: Israeli Patent Law claims could require remuneration or royalties for employee service inventions despite contractual waivers
- Geopolitical exposure: Israel hostilities could disrupt headquarters, research, suppliers and product distribution
- Supply-chain concentration: Two contract manufacturers in China and Hungary build all products
- Competitive disruption: Low-cost Asian inverter and MLPE manufacturers threaten market share and pricing
- Customer concentration: Three U.S. customers represented 32.5% of fiscal 2016 revenue
Generated from the filing text; verify against the original. How to read a 10-K
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