| Schedule of reportable segments and operating income |
| |
|
Solar
|
|
|
Energy Storage
|
|
|
All other
|
|
|
Three Months Ended September 30, 2024
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$
|
247,516
|
|
|
$
|
10,900
|
|
|
$
|
2,237
|
|
|
Cost of revenues
|
|
|
855,832
|
|
|
|
95,323
|
|
|
|
1,307
|
|
|
Gross profit (loss)
|
|
|
(608,316
|
)
|
|
|
(84,423
|
)
|
|
|
930
|
|
|
Research and development
|
|
|
47,569
|
|
|
|
4,590
|
|
|
|
179
|
|
|
Sales and marketing
|
|
|
28,369
|
|
|
|
997
|
|
|
|
212
|
|
|
General and administrative
|
|
|
33,037
|
|
|
|
1,278
|
|
|
|
51
|
|
|
Segments profit (loss)
|
|
$
|
(717,291
|
)
|
|
$
|
(91,288
|
)
|
|
$
|
488
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$
|
676,929
|
|
|
$
|
24,215
|
|
|
$
|
23,946
|
|
|
Cost of revenues
|
|
|
514,390
|
|
|
|
35,931
|
|
|
|
23,748
|
|
|
Gross profit (loss)
|
|
|
162,539
|
|
|
|
(11,716
|
)
|
|
|
198
|
|
|
Research and development
|
|
|
56,886
|
|
|
|
4,134
|
|
|
|
2,252
|
|
|
Sales and marketing
|
|
|
30,810
|
|
|
|
1,009
|
|
|
|
472
|
|
|
General and administrative
|
|
|
29,711
|
|
|
|
1,827
|
|
|
|
855
|
|
|
Segments profit (loss)
|
|
$
|
45,132
|
|
|
$
|
(18,686
|
)
|
|
$
|
(3,381
|
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$
|
678,861
|
|
|
$
|
42,960
|
|
|
$
|
8,156
|
|
|
Cost of revenues
|
|
|
1,290,748
|
|
|
|
138,107
|
|
|
|
5,778
|
|
|
Gross profit (loss)
|
|
|
(611,887
|
)
|
|
|
(95,147
|
)
|
|
|
2,378
|
|
|
Research and development
|
|
|
145,683
|
|
|
|
12,268
|
|
|
|
535
|
|
|
Sales and marketing
|
|
|
87,664
|
|
|
|
2,839
|
|
|
|
671
|
|
|
General and administrative
|
|
|
87,500
|
|
|
|
2,807
|
|
|
|
306
|
|
|
Segments profit (loss)
|
|
$
|
(932,734
|
)
|
|
$
|
(113,061
|
)
|
|
$
|
866
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$
|
2,532,794
|
|
|
$
|
52,492
|
|
|
$
|
74,594
|
|
|
Cost of revenues
|
|
|
1,723,438
|
|
|
|
82,912
|
|
|
|
70,914
|
|
|
Gross profit (loss)
|
|
|
809,356
|
|
|
|
(30,420
|
)
|
|
|
3,680
|
|
|
Research and development
|
|
|
174,811
|
|
|
|
12,348
|
|
|
|
7,429
|
|
|
Sales and marketing
|
|
|
96,091
|
|
|
|
3,047
|
|
|
|
2,024
|
|
|
General and administrative
|
|
|
79,599
|
|
|
|
6,650
|
|
|
|
2,798
|
|
|
Segments profit (loss)
|
|
$
|
458,855
|
|
|
$
|
(52,465
|
)
|
|
$
|
(8,571
|
)
|
|
| Schedule of reconciliation to consolidated operating income |
The following table presents information on reportable segments reconciliation to consolidated revenues for the periods presented:
| |
|
Three Months Ended
September 30,
|
|
|
Nine Months Ended
September 30,
|
|
| |
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
Solar segment revenues
|
|
$
|
247,516
|
|
|
$
|
676,929
|
|
|
$
|
678,861
|
|
|
$
|
2,532,794
|
|
|
Energy Storage segment revenues
|
|
|
10,900
|
|
|
|
24,215
|
|
|
|
42,960
|
|
|
|
52,492
|
|
|
All other segment revenues
|
|
|
2,237
|
|
|
|
23,946
|
|
|
|
8,156
|
|
|
|
74,594
|
|
|
Revenues from finance component
|
|
|
250
|
|
|
|
215
|
|
|
|
730
|
|
|
|
604
|
|
|
Consolidated revenues
|
|
$
|
260,903
|
|
|
$
|
725,305
|
|
|
$
|
730,707
|
|
|
$
|
2,660,484
|
|
The following table presents information on reportable segments reconciliation to consolidated operating income for the periods presented:
| |
|
Three Months Ended
September 30,
|
|
|
Nine Months Ended
September 30,
|
|
| |
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
Solar segment profit (loss)
|
|
$
|
(717,291
|
)
|
|
$
|
45,132
|
|
|
$
|
(932,734
|
)
|
|
$
|
458,855
|
|
|
Energy Storage segment loss
|
|
|
(91,288
|
)
|
|
|
(18,686
|
)
|
|
|
(113,061
|
)
|
|
|
(52,465
|
)
|
|
All other segment profit (loss)
|
|
|
488
|
|
|
|
(3,381
|
)
|
|
|
866
|
|
|
|
(8,571
|
)
|
|
Segments operating profit (loss)
|
|
|
(808,091
|
)
|
|
|
23,065
|
|
|
|
(1,044,929
|
)
|
|
|
397,819
|
|
|
Amounts not allocated to segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock based compensation expenses
|
|
|
(36,641
|
)
|
|
|
(36,815
|
)
|
|
|
(112,818
|
)
|
|
|
(115,015
|
)
|
|
Restructuring and other exit activities
|
|
|
(2,498
|
)
|
|
|
-
|
|
|
|
(15,910
|
)
|
|
|
-
|
|
|
Impairment and disposal by abandonment of long-lived assets
|
|
|
(232,102
|
)
|
|
|
-
|
|
|
|
(233,834
|
)
|
|
|
-
|
|
|
Amortization and depreciation of acquired assets
|
|
|
(2,872
|
)
|
|
|
(2,750
|
)
|
|
|
(6,902
|
)
|
|
|
(6,164
|
)
|
|
Other unallocated income (expenses)
|
|
|
(3,062
|
)
|
|
|
(226
|
)
|
|
|
(4,760
|
)
|
|
|
1,146
|
|
|
Consolidated operating income (loss)
|
|
|
(1,085,266
|
)
|
|
|
(16,726
|
)
|
|
|
(1,419,153
|
)
|
|
|
277,786
|
|
|
Financial income (expense), net
|
|
|
5,558
|
|
|
|
(7,901
|
)
|
|
|
(2,371
|
)
|
|
|
19,157
|
|
|
Other income (loss), net
|
|
|
(3,928
|
)
|
|
|
(484
|
)
|
|
|
14,623
|
|
|
|
(609
|
)
|
|
Income (loss) before income taxes
|
|
$
|
(1,083,636
|
)
|
|
$
|
(25,111
|
)
|
|
$
|
(1,406,901
|
)
|
|
$
|
296,334
|
|
|