Analysis of Revenues
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- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2015
- Return on Assets (ROA) since 2015
- Price to Earnings (P/E) since 2015
- Price to Operating Profit (P/OP) since 2015
- Price to Sales (P/S) since 2015
- Analysis of Debt
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Revenues as Reported
SolarEdge Technologies Inc., income statement, revenues
US$ in thousands
| 12 months ended: | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inverters | |||||||||||
| Optimizers | |||||||||||
| Residential batteries | |||||||||||
| e-Mobility components and telematics | |||||||||||
| Communication | |||||||||||
| Others | |||||||||||
| Revenues |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The revenue data over the five-year period demonstrates a consistent upward trend across nearly all categories, indicating significant growth and diversification in revenue streams.
- Inverters
- Revenue in the inverters category has shown robust growth, increasing from approximately $417 million in 2018 to around $1.14 billion in 2022. This reflects a nearly threefold increase over the period, with steady yearly increments highlighting strong market demand and possibly enhanced product offerings.
- Optimizers
- Optimizer revenues similarly exhibit substantial growth, rising from approximately $432 million in 2018 to about $1.14 billion by 2022. The trend mirrors that of inverters, showing a steady increase with a slight plateau between 2019 and 2020 before resuming a sharp rise through subsequent years.
- Residential Batteries
- This category emerged in 2021 with revenues reported at $19.5 million, and experienced rapid growth to $429 million in 2022. The introduction and swift expansion suggest a strategic diversification into energy storage solutions that is rapidly gaining traction.
- e-Mobility Components and Telematics
- Revenue for e-mobility and telematics components started appearing in 2020 with $13.4 million and grew steadily to $69 million in 2021 and $94 million in 2022. This signals a growing emphasis on electric mobility and related technologies, contributing to the company's expanding revenue base.
- Communication
- Communication-related revenues appeared in 2020 at approximately $41.8 million, decreased to $24.1 million in 2021, and then increased again to $72.8 million in 2022. This fluctuation suggests initial challenges or market adjustments followed by recovery and growth in this segment.
- Others
- The 'Others' category revenues grew consistently from around $88 million in 2018 to roughly $242 million in 2022, indicating ongoing contributions from miscellaneous or less prominent product lines that nonetheless have expanded over time.
- Total Revenues
- Total revenues increased markedly from $937 million in 2018 to over $3.11 billion in 2022. This represents more than a threefold increase within five years and reflects the strong performance of core categories, as well as the successful introduction and expansion of new product lines.
Overall, the data indicates a strong growth trajectory driven primarily by the inverters and optimizers segments, with noteworthy contributions emerging from newer business areas such as residential batteries and e-mobility components. The company's expanding product portfolio and increasing market penetration are likely key factors underlying this revenue expansion.