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ENERQ.PK Message Board

  • rndyjensen rndyjensen Feb 9, 2009 7:04 AM Flag

    Revenue beat at 103 million - earnings beat at $0.33

    Beat on both the top and bottom lines, thats all.

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    • Quick thoughts:

      Some inventory build.. 1.5mw and 1.3mw last quarter.

      There is some expense number I didn't anticipate.. about $3mm... not product cost or preprodution since they gave those. Maybe SGA went up.. I had a $0.8 increase in both SGA and RandD.

      Looks like cost per watt maybe decreased by 2c or so.

      Non solar revenue solid growth.

      Either prices or output decreasing this quarter and next. Not too surprising there. If ASP drops to $2.87 this quarter and they operate at full capacity, there is about a 5mw inventory build.

    • They came in with revenue well above the lower bound. And look at that gross profit margin!
      Given unprecedented market conditions, I say congratulations!

      Guidance is lowered but comparable or less than what SPWRA did (SunPower lowered its revenue forecast for 2009 to between $1.6 billion to $2.0 billion from its previous target of $2.0 billion to $2.1 billion.) ... and they still jumped over 20%. If ECD would have shaven 20% of their lower bound guidance as well, they would have guided $364 M ... instead they state $395 M !