Enphase Energy (NASDAQ: ENPH) quoted recently launched its fourth-generation micro-inverters and expand its commercial roofs as quarterly earnings release this week the factors behind the record .
The micro-inverter market leader reported 2013 third quarter revenue reached a record $ 62 million from the previous quarter increased by 7 %. The company also reported a record non- GAAP gross margin of 28.3 %, in line to achieve a gross margin of 30-35 % of the long-term goal , to get a lower cost and the launch of the fourth generation"M250" micro-inverters support.
Enphase said it shipped about
60,000 a M250, accounting for 15% of total
third -quarter shipments , total shipments 426,000 micro-inverter , the
equivalent of 94MW.
Enphase CEO Paul Nahi said: " In the third quarter, we shipped about
M250, accounting for 15 % of the total volume of the quarter 's transition to
our new micro inverter will continue over the next few quarters . we expect the
fourth generation will account for the fourth quarter of 2013 a total of about 20-30% volume .
Management to discuss the financial results conference call that , M250 rally will continue , expect 20-30 % in the fourth quarter of 2013 accounted for shipments . Currently , Enphase M250 is only available to the
, plans to launch the product later to Europe and in 2014 . Australia
According to market research firm IHS recent report , micro-inverter shipments are expected to reach 500MW in 2013 , but in 2017 will increase to 2.1GW.
Importantly, projected to 2017 Global on grid inverter shipments will support nearly one-third of the commercial PV system installation projects , compared to just 9 percent in 2012 . Enphase M250 series also targeting the commercial rooftop market , the sector and the recent completion of several landmark projects.
Management indicated that increased sales and profits and a stable operating expenses for the quarter to further reduce Enphase support operations and net loss . The company reported an operating loss for the quarter was $ 2.9 million , a net loss of $ 3.7 million , indicating that the company may continue to sell to make a profit , and profit improvement by 2014 , achieve balance mode , quarterly revenue 80 million U.S. dollars, gross margin was 30%.