SolarEdge (SEDG) 8-K SolarEdge Announces Fiscal First Quarter Financial Results

Exhibit 99.4

Operational Metrics

KPI's $,000	FYQ1 '14			FYQ2 '14			FYQ3 '14			FYQ4 '14			FYQ1 '15			FYQ2 '15			FYQ3 '15			FYQ4 '15			FY 2013			FY 2014			FY 2015
Revenues		30,515			27,569			30,560			44,573			66,969			73,290			86,399			98,420			79,035			133,217			325,078
% Y/Y		65	%		22	%		104	%		94	%		119	%		166	%		183	%		121	%		5	%		69	%		144	%
% Q/Q		33	%		(10	)%		11	%		46	%		50	%		9	%		18	%		14	%
Gross profit $		4,058			2,960			6,229			8,724			14,030			15,781			23,701			28,271			4,409			21,971			81,783
% Y/Y	N\A				(142	)%		308	%		208	%		246	%		433	%		280	%		224	%	N\A				398	%		272	%
% Q/Q		43	%		(27	)%		110	%		40	%		61	%		12	%		50	%		19	%
Gross Margin		13.3	%		10.7	%		20.4	%		19.6	%		20.9	%		21.5	%		27.4	%		28.7	%		5.6	%		16.5	%		25.2	%
% Y/Y		N/A			98	%		100	%		58	%		58	%		101	%		35	%		47	%	N\A				196	%		53	%
% Q/Q		8	%		(19	)%		90	%		(4	)%		7	%		3	%		27	%		5	%
Operating profit (loss)		(4,527	)		(6,859	)		(4,545	)		(2,440	)		2,351			4,234			9,799			11,873			(27,460	)		(18,371	)		28,257
% Y/Y		(50	)%		6	%		(30	)%		(54	)%	N\A			N\A			N\A			N\A				0	%		(33	)%	N\A
% Q/Q		(15	)%		52	%		(34	)%		(46	)%	N\A				80	%		131	%		21	%
Net profit (loss)		(5,311	)		(7,787	)		(5,238	)		(3,042	)		2,520			3,375			5,965			9,261			(28,180	)		(21,378	)		21,121
% Y/Y		(40	)%		21	%		(22	)%		(50	)%	N\A			N\A			N\A			N\A				1	%		(24	)%	N\A
% Q/Q		(14	)%		47	%		(33	)%		(42	)%	N\A				34	%		77	%		55	%
Optimizer shipped (units)		306,901			262,943			328,822			458,585			663,850			785,730			945,586			1,138,362			890,445			1,357,251			3,533,528
Inverter shipped (units)		13,005			12,135			14,936			21,923			31,880			35,696			38,630			44,222			36,088			61,999			150,428
MW shipped		77.0			75.6			83.6			128.6			176.1			213.1			247.6			283.7			239			365			920

Balance Sheet

$,000	June 30, 2015			March 31, 2015
Current Assets
Cash and cash equivalents		144,750			135,204
Restricted cash		3,639			3,575
Trade receivables, net		35,428			45,093
Prepaid expenses and other accounts receivable		32,645			25,312
Inventories		73,950			64,522
Total Current Assets		290,412			273,706
Fixed Assets, net		14,717			11,903
Long term cash investment		529			380
Total Assets		305,658			285,989
Current Liabilities
Accounts payables		80,684			36,233
Employees & related payroll exp.		6,814			6,017
Other accounts payable		6,987			52,428
Short Term Warranty Liabilities		9,431			7,661
Deferred Revenues short terms		1,676			1,098
Total Current Liabilities		105,592			103,437
Long Term Liabilities
Long Term Warranty Liabilities		22,448			20,238
Deferred Revenues Long terms		8,289			6,995
Other Long Term Liabilities		2,385			1,959
Long Term Warrants Liability		----			2,830
Total Long Term Liabilities		33,122			32,022
Stockholders’ Equity (Deficiency):
Common stock		4			4
Additional paid-in capital		287,152			280,040
Accumulated other comprehensive loss		(222	)		(263	)
Accumulated deficit		(119,990	)		(129,251	)
Total Long Term Liabilities		166,944			150,530
Total Liabilities and Equity		305,658			285,989

Cash Flow

	3 months ended
$,000	Jun-15			Jun-14
Cash flows from operating activities:
Net income (loss)		9,261			(3,042	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		606			527
Capital Gain (loss) from disposal of property		104			----
Interest expenses related to short term bank loan		----			8
Stock-based compensation related to employees and non-employee stock options		1,206			291
Financial expenses, net related to term loan		----			(75	)
Remeasurement of warrants to purchase convertible preferred stock		3,285			(8	)
Changes in assets and liabilities:
Inventories		(9,436	)		(275	)
Prepaid expenses and other accounts receivable		(7,365	)		(3,499	)
Trade receivables, net		9,660			(5,809	)
Trade payables		1,508			4,177
Employees and payroll accruals		785			667
Warranty obligations		3,980			1,060
Deferred revenues		1,873			215
Accrued expenses and other accounts payable		(204	)		805
Lease incentive obligation		426			----
Net cash provided by (used in) operating activities		15,689			(4,958	)
Cash flows from investing activities:
Purchase of property and equipment		(3,511	)		(727	)
Decrease (increase) in restricted cash		(65	)		(138	)
Increase (decrease) in long-term lease deposit		(110	)		(27	)
Net cash used in investing activities		(3,686	)		(892	)
Cash flows from financing activities:
Proceeds from short term bank loan		----			5,452
Repayment of short term bank loan		----			(3,428	)
Proceeds from term loan (net of $100 transaction fee)		----			----
Repayments of term loan		----			(785	)
Deferred charges related to term loan		----			----
Proceeds from issuance of stock, net		----			9,991
Issuance costs		(2,542	)		----
Receipts on account of Convertible Preferred stock		----			(7,115	)
Proceeds from exercise of employee stock options		38			----
Net cash provided by (used in) financing activities		(2,504	)		4,115
Increase (decrease) in cash and cash equivalents		9,499			(1,735	)
Cash and cash equivalents at the beginning of the period		135,204			11,472
Effect of exchange rate differences on cash and cash equivalents		47			17
Cash and cash equivalents at the end of the period		144,750			9,754

 P&L GAAP

	FYQ1 '14			FYQ2 '14			FYQ3 '14			FYQ4 '14			FYQ1 '15			FYQ2 '15			FYQ3 '15			FYQ4 '15			FY 2013			FY 2014			FY 2015
Revenues		30,515			27,569			30,560			44,573			66,969			73,290			86,399			98,420			79,035			133,217			325,078
Cost of revenues		26,457			24,609			24,331			35,849			52,939			57,509			62,698			70,149			74,626			111,246			243,295
Gross profit		4,058			2,960			6,229			8,724			14,030			15,781			23,701			28,271			4,409			21,971			81,783
Gross Margin %		13.3	%		10.7	%		20.4	%		19.6	%		20.9	%		21.5	%		27.4	%		28.7	%		5.6	%		16.5	%		25.2	%
Operating expenses:
Research and development, net		4,136			4,686			4,864			4,570			5,059			4,768			5,490			6,701			15,823			18,256			22,018
Sales and marketing		3,657			4,123			4,592			5,420			5,461			5,658			6,422			7,432			12,784			17,792			24,973
General and administrative		792			1,010			1,318			1,174			1,159			1,121			1,990			2,265			3,262			4,294			6,535
Total operating expenses		8,585			9,819			10,774			11,164			11,679			11,547			13,902			16,398			31,869			40,342			53,526
Operating income (loss)		(4,527	)		(6,859	)		(4,545	)		(2,440	)		2,351			4,234			9,799			11,873			(27,460	)		(18,371	)		28,257
Financial expenses (Income)		777			914			626			470			(516	)		458			3,436			1,699			612			2,787			5,077
Other expenses		----			----			----			----			----			----			----			104			----			----			104
Profit (Loss) before taxes on income		(5,304	)		(7,773	)		(5,171	)		(2,910	)		2,867			3,776			6,363			10,070			(28,072	)		(21,158	)		23,076
Taxes on income		7			14			67			132			347			401			398			809			108			220			1,955
Net (Profit) loss		(5,311	)		(7,787	)		(5,238	)		(3,042	)		2,520			3,375			5,965			9,261			(28,180	)		(21,378	)		21,121