In 2022, the Israeli Smart Energy Technology Co., Ltd. Solaredge shipped a total of 10.5GW inverters and 889MWH batteries.
Solaredge also announced the fourth quarter performance in the same statement. Its GAAP net income was US $ 20.8 million, a 16%decreased from US $ 24.7 million in the third quarter of 2022, and a 49%decrease of 41 million US dollars in the same quarter last year.
Despite the decline, the fourth quarter revenue announced by Solaredge reached a record 890.7 million US dollars, an increase of 6%over US $ 836.7 million in the third quarter of 2022, an increase of 61%over US $ 551.9 million last year.
In the fourth quarter of 2022, the net income of GAAP in the United States was US $ 0.36, which was reduced from US $ 0.43 in the previous quarter and US $ 0.74 in the same quarter last year.
The solar business also performed well in the fourth quarter of last year, reaching 837 billion US dollars, an increase of 6%over US $ 788.6 million in the third quarter, and an increase of 66%from US $ 502.7 million in the same period last year. The gross profit margin of the solar sector was 32.4%, an increase of 4.1 percentage points from 28.3%in the third quarter, but below 32.8%of the same quarter last year.
Looking forward to the future, Solaredge also predicts that the revenue in the first quarter of 2023 will be between US $ 915 million and US $ 945 million, breaking the record in the fourth quarter of 2022, and the revenue from the solar part will reach US $ 905 million from $ 875 million.
