SEGMENT INFORMATION (Tables)
|
3 Months Ended |
Mar. 31, 2024 |
|---|
| Segment Reporting [Abstract] |
|
| Schedule of reportable segments and operating income |
| |
|
Three Months Ended March 31, 2024
|
|
| |
|
Solar
|
|
|
Energy Storage
|
|
|
All other
|
|
|
Revenues
|
|
$
|
190,102
|
|
|
$
|
10,616
|
|
|
$
|
3,447
|
|
|
Cost of revenues
|
|
|
196,782
|
|
|
|
17,828
|
|
|
|
2,872
|
|
|
Gross profit (loss)
|
|
|
(6,680
|
)
|
|
|
(7,212
|
)
|
|
|
575
|
|
|
Research and development
|
|
$
|
51,286
|
|
|
$
|
3,559
|
|
|
$
|
185
|
|
|
Sales and marketing
|
|
|
29,195
|
|
|
|
817
|
|
|
|
222
|
|
|
General and administrative
|
|
|
23,222
|
|
|
|
589
|
|
|
|
113
|
|
|
Segments profit (loss)
|
|
$
|
(110,383
|
)
|
|
$
|
(12,177
|
)
|
|
$
|
55
|
|
| |
|
Three Months Ended March 31, 2023
|
|
| |
|
Solar
|
|
|
Energy Storage
|
|
|
All other
|
|
|
Revenues
|
|
$
|
908,505
|
|
|
$
|
9,133
|
|
|
$
|
26,064
|
|
|
Cost of revenues
|
|
|
590,105
|
|
|
|
19,578
|
|
|
|
26,638
|
|
|
Gross profit (loss)
|
|
|
318,400
|
|
|
|
(10,445
|
)
|
|
|
(574
|
)
|
|
Research and development
|
|
$
|
55,823
|
|
|
$
|
4,209
|
|
|
$
|
2,319
|
|
|
Sales and marketing
|
|
|
31,145
|
|
|
|
915
|
|
|
|
646
|
|
|
General and administrative
|
|
|
24,743
|
|
|
|
2,952
|
|
|
|
826
|
|
|
Segments profit (loss)
|
|
$
|
206,689
|
|
|
$
|
(18,521
|
)
|
|
$
|
(4,365
|
)
|
|
| 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 March 31,
|
|
| |
|
2024
|
|
|
2023
|
|
|
Solar segment revenues
|
|
$
|
190,102
|
|
|
$
|
908,505
|
|
|
Energy Storage segment revenues
|
|
|
10,616
|
|
|
|
9,133
|
|
|
All other segment revenues
|
|
|
3,447
|
|
|
|
26,064
|
|
|
Revenues from financing component
|
|
|
234
|
|
|
|
187
|
|
|
Consolidated revenues
|
|
$
|
204,399
|
|
|
$
|
943,889
|
|
The following table presents information on reportable segments reconciliation to consolidated operating income (loss) for the periods presented:
| |
|
Three Months Ended March 31,
|
|
| |
|
2024
|
|
|
2023
|
|
|
Solar segment profit (loss)
|
|
$
|
(110,383
|
)
|
|
$
|
206,689
|
|
|
Energy Storage segment (loss)
|
|
|
(12,177
|
)
|
|
|
(18,521
|
)
|
|
All other segment profit (loss)
|
|
|
55
|
|
|
|
(4,365
|
)
|
|
Segments operating profit (loss)
|
|
|
(122,505
|
)
|
|
|
183,803
|
|
|
Amounts not allocated to segments:
|
|
|
|
|
|
|
|
|
|
Stock based compensation expenses
|
|
|
(37,606
|
)
|
|
|
(39,235
|
)
|
|
Restructuring and other exit activities
|
|
|
(9,284
|
)
|
|
|
-
|
|
|
Impairment of long-lived assets
|
|
|
(1,732
|
)
|
|
|
-
|
|
|
Amortization and depreciation of acquired assets
|
|
|
(1,947
|
)
|
|
|
(2,035
|
)
|
|
Other unallocated expenses
|
|
|
(631
|
)
|
|
|
1,621
|
|
|
Consolidated operating income (loss)
|
|
|
(173,705
|
)
|
|
|
144,154
|
|
|
Financial income (expense), net
|
|
|
(7,064
|
)
|
|
|
23,674
|
|
|
Other loss, net
|
|
|
-
|
|
|
|
(125
|
)
|
|
Income (loss) before income taxes
|
|
$
|
(180,769
|
)
|
|
$
|
167,703
|
|
|