25 Feb '12, 11pm

Enphase S-1 Update: PV Microinverter Sales Soar: Enphase has been planning its IPO with an SEC registratiion o...

Enphase S-1 Update: PV Microinverter Sales Soar: Enphase has been planning its IPO with an SEC registratiion o...

Enphase has been planning its IPO with an SEC registratiion on file since June of 2011. The firm must periodically update that document -- here are some of the new stats: The firm has shipped more than 1.55 million microinverters since its founding, 1 million in 2011 alone. Enphase estimates that represents about 40,000 installations. Canada accounted for 12 percent of revenue in 2011. Net revenues were $20.2 million, $61.7 million and $149.5 million for the years ended December 31, 2009, 2010 and 2011, respectively. Net losses were $16.9 million, $21.8 million and $32.3 million for the years ended December 31, 2009, 2010 and 2011, respectively. The firm expects to incur a net loss in 2012 At the end of 2011, the firm had 298 employees. Enphase market share of the PV inverter market in California for residential installations was 34.4 percent at the end of 2011, based on t...

Full article: http://www.greentechmedia.com/articles/read/Enphase-S-1-U...

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