Enphase Energy (ENPH) Misses Q4 EPS by 3c
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Enphase Energy Reports Financial Results for the Fourth Quarter and Fiscal Year 2016
February 28, 2017 4:06 PM ESTPETALUMA, Calif., Feb. 28, 2017 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the fourth quarter and year ended December 31, 2016.
Enphase Energy reported total revenue for the fourth quarter of 2016 of $90.6 million, an increase of 2 percent compared to the third quarter of 2016 and an increase of 38 percent compared to the fourth quarter of 2015. Â During the fourth quarter of 2016, Enphase sold 194MW (AC) or 815,000 microinverters. GAAP gross margin for the fourth quarter of 2016 was 17.9 percent and non-GAAP gross margin was 18.2 percent.
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