Summary by Moomoo AI
On February 6, 2024, Enphase Energy, Inc., a leading global energy technology company, reported its financial results for the fourth quarter of 2023. The company announced a quarterly revenue of $302.6 million and a non-GAAP gross margin of 50.3%, which includes a net IRA benefit. The non-GAAP gross margin without the IRA benefit stood at 41.8%. Enphase Energy also reported a GAAP operating loss of $10.2 million, but a non-GAAP operating income of $65.6 million. The GAAP net income was $20.9 million, with non-GAAP net income at $73.5 million. The company's diluted earnings per share on a GAAP basis were $0.15, and $0.54 on a non-GAAP basis. Free cash flow for the quarter was reported at $15.4 million, with the company ending the quarter with $1.70 billion in...Show More