first Good million. We afternoon and had you today XX%, quarter. cash commercial financial income, to first IQXD non-GAAP IQX the XX. We margin basis. of XXXX and thank free approximately the reported results. achieved piloting XX This expenses and percentage all to at for non-GAAP We revenue quarter a good as XX% XX% our ramped on in revenue operating quarterly Microinverters a us operating of a and joining record small margin, $XXX.X generated of $XX.X started quarter Microinverters exited gross million, first customers. gross flow means XX% XX, We quarter of discuss
a As model is XX%, financial XX%, XX%. reminder, our baseline
call. We into in will later our the go financials
Let’s now are we servicing discuss how customers.
compared XX% Net in our to American Score XX% compared North Promoter XX% QX worldwide XX% and QX. QX, Score Net was was Promoter Our in and to
Our training. average staffing compared in minutes to reduced time to We X.X QX minutes through wait call QX. decreased times and call in wait X.X
help field U.S. Europe in service for added and to installers, on-site we QX, technicians particularly During the provide our batteries. to
Let’s talk manufacturing. microinverter about
is alternate situation due of qualification past supplier management is our in the have to we calls, global situation still but under discussed stable stress, the As supply chain suppliers. and
Europe, a all a contract Mexico logistics supply growing chain XXX,XXX vigilant have quarterly with regarding demand adding increased for to factory have Romania. times a the and and little the in of customers India I’m our quarterly X.X of to million microinverters our facilities capacity X manufacturing improve Currently, starting and situation. will than in has FLEX’s capacity X.XX an in approximately difficult capacity million Salcomp proud microinverters, we delivery automated teams the this global With manage to line and million of rest is more across the is microinverters, support To are enable per to who capacity we has very QX COVID hard China. microinverters. at million, of due challenges in disruption. remain of XXXX This global will microinverters nearly our quarterly demand worked X line quarter.
now Let’s talk batteries. about
capacity currently XXX-megawatt packs per cell hours battery for sources have total quarter. of two Our a
can more needed. capacity as existing Our suppliers cell pack add
year. We are this the also third second track on to half in add cell of supplier pack a
lead still logistics global congestion about time XX weeks, port once should and conditions shipping improve. long for primarily Our at batteries down challenges. The lead to to XX times are due come
Let’s and the move respectively. revenue XX% revenue XX% U.S. for QX XX%, regions. to the and U.S., international mix sequentially was X% on year-on-year. increased In and
shipment end Europe. due for batteries a The of report and independence. batteries, deliver microinverters In to sell-through pleased recently We [indiscernible] inventory energy QX. end to for microinverters for both, sequential for the Homeowners revenue microinverters increasing a X% in the record at desire decrease unforeseen delays level customers a at strong year-on-year. up of sequentially We were revenue XX% teamed German are to to and healthy towards The group channel decreased have QX. batteries and QX. Europe, record installer in while in was with Europe
batteries in to We them currently European Germany XXXX. throughout IQ other and shipping Belgium and plan introduce countries are to
with compatible now third-party of brands are PV most inverters. batteries Our
and including Europe, growth see and in growth Italy, to strong also our including markets are France continue our Netherlands, Spain newer pleased with Belgium and existing Portugal. We in in markets,
XX% momentum than QX. our revenue versus in QX with in more growth continue expected expect sequential Europe We to
Latin year-on-year. to our and in during about revenue growth more storage the continuing in In expand Puerto solar very than Rico quarter. team region. America, the excited in XX% our and the We are growth sequentially steady increased are We had business first plus doubled
to IQ solar batteries expect practices installation more the in half safer regulatory We our favor and approach, introduce solutions. will provide on grids as of In to safe changes Now, some Australia, color I’ll utilities require Brazil XXXX. India. intelligent and Australia, second AC improve designed and we think
in started have IQX+ Microinverters expect shipping we Brazil, ramp for continuously. QX to to installers As and
also to IQXD making optimize sales our an Brazil progress adding planning digital are introduce steady installers IQ In to network, We in ramping to into expect in into XXXX. and version we India, more introduce early batteries cost.
the discuss now overall for QX. Let’s bookings
customer of demand guidance We XX times the what last challenges, global better optimistic year. overall that the have for which Our to microinverters not still but is will this lead batteries robust both our months, in we end specific are availability of exceeds down is by Enphase. the end The than experienced for QX higher component quite remain the there are and range. come and
quarter, XXX.X about We a talk batteries Let’s shipped XXXX. XX% batteries. hours increase of in QX from the of first IQ megawatt
We improving are on for working times installers. commissioning diligently
would the While experience still experience. we we have done we not and quality fixes where of batteries, to on various are installation commissioning homeowner to and be like improve
make We are doubling down on expect this good in and progress. this to quarter
to commissioning installers a hour to remains and seamless an the goal experience. down have ensure time Our get
of implemented We costs expect logistics of XXXX. to and hours on to our in March ship increase inflation, between batteries by Due increase XXX and component the modest price a we QX. batteries driven XXX-megawatt in in
on the Let’s quarter, end now batteries. By a X,XXX basis. have discuss of certified certification the we installer the cumulative first and on the installers than more training U.S. in
vans regional Coast the installation Our located in hands-on Enphase training, in and U.S. with tricks. an along and where centers. with in We tips mobile the uses storage YouTube videos East QX West installers learn can training channel access for training started to
about we the QX, shipments and products. In ramped in new Let’s in talk product about general. America North IQX positive Microinverters receiving feedback on are
IQX only IQX’s traditional size micro a and with system requirements reminder, after grid-forming And providing technology without energy eliminates microinverters can result grid battery outages ratio a between system As using a Jump form solar battery. battery. may can IQX sunlight, that using our in solar Sunlight a only prolonged a Start power depleted grid a start even power home backup size. fully feature, Microinverters during sunlight outage
second internationally this expect We to introduce and the Europe also Microinverters Australia of IQX year. half during into
enhance this XP protocol the later lower our manufacturing a going we quarter, Battery We deliver for Also gateway for IQXD twice AC using which Microinverters area Let’s of communication and high-quality we the battery, ease On rapid in installation, the talk started capability. new late shutdown North select next XXX-watt the our piloting to wired of shipments QX. This network, first forward, application. IQ battery to loads. is power value robust we production installers batteries, the commercial control IQXD system will at the battery controller. small our of and The about in America year. homeowners proposition start heavier product, and during plan is IQXD between introduce microinverters expect to connectivity will cost, a current enabling
and this simplify streamline to further expect We installations commission.
in an ClipperCreek, with our QX which in acquisition, of QX. completed is XXXX. Let’s profitability with we The performing in line discuss and reasonable margins now gross expectations, acquisition
We’re doing ramp the business. things a to few
our introducing to quarter. We EV are solar distributors this and chargers installers
our will track down at this We in this better the are chargers Mexico of also costs. quarter manufacturing believe year. Flex drive facility begin EV in on to scale and fourth help We us
to enable our as the vehicle as could This customers expect extremely penetration manner. home charger home connectivity EV significant of green helping used energy and The to Enphase the storage, will a management, in loads. EV. the has well The homeowners home XXXX. homeowner acquisition solar, consumed into by increase early well their smart increase storage, adoption cloud more EV and connectivity future local the for through management. energy for home strength plays vehicle-to-grid. will drive in backup save a EV the significantly manage in will system. we of in to introduce as U.S. Europe increasing and will vehicle-to-home energy The well home grid money other products, Wi-Fi which an helping This with called in also new ultimately to This charge the for energy as electric be large the implications vehicles As provide solar and to called battery
with for to in VXG are We enable discussions and features. EV a proof-of-concept makers few VXH
services. grid cover me Let
Green During a the that Vermont-based utility, offer customers pilot in announced cutting program. Power Enphase battery Mountain will to first systems its we grid lease Energy services edge quarter,
Battery program Grid participation Residential the Electric’s in X U.S., utilities our Battery Arizona in announced Public covering previously solutions have connected Services Northeast Services We Bonus Program. Service’s Grid and Hawaiian
with We announced California, New Swell programs Hawaii. York to in in participate and Energy partnership recently a VPP also
aggregators. new also working and pipeline in and the with utilities to look grid We forward engagements have many services
Let’s discuss the installer platform.
the obstructions We Solargraf are roof design detect with today. Approximately tool analysis, and shading Pro, to XXX tool the of use installers ability on XD homes. modeling a Solargraf working on proposal and
We higher few QX of installers have the product launch version the version expect to advanced a -- the already Pro, a software. piloting in Solargraf and
of Solargraf Germany. In which internationally, acquired availability provides the In SolarLeadFactory, the in addition, expand Pro starting quality we XXXX, we installers plan leads to high U.S. March of with solar to
Our installers. our and conversion broadly customer objective down optimize drive is costs installer help plan lead this to to and rates expand to We lead substantially increase acquisition management the to for team, service network. volumes offer
in in to last four generation, the solars, software, XX of areas software. We acquisitions made services months lead O&M installer the our and have permitting platform strengthen design
In addition, platform network, we them monitoring plan our seamlessly and reducing and and storage lives one simplifying integrate costs. these soft and commissioning robust onto have of for to installation and systems. We apps all their of homegrown solar offer to mobile
give update or Network Installer EIN. on now me a you our quick Enphase Let
selective quality highly homeowners the now through onboarded installation X,XXX to an to on experience focused We our approximately have across process worldwide and globe. installers exceptional EIN
like recent policy industry. some issues to that are comment solar the impacting on U.S. I’d Next,
are the As At change and raise is a marketplace a happening, this, issues an prices full impact the all duties to when homeowners rising, support current from you’re of there for countervailing time is are and we goals antidumping U.S. time Utility some aware, massive climate investigating be circumvention is great AD/CVD change costs Commerce off. geopolitical uncertainty of import in increase which and the for to energy EVs needs security electricity U.S. on Department in counter PV the administration. market. of energy modules. the driving of This of are investigation jobs, creates renewable, are China, which like the will believe taking
takes administration before this resolves We rapidly, it frame. proposed time August well that current are and the seriously problem the hoping
the pricing other is may of the on impacted absorb as our currently the products interim, segments. of our Many higher and to module higher module our Module aren’t But relates residential are working the securing we that partners, by be expected able it of impacted residential prices. As supply based will don’t be some partners it for AD/CVD the we on in less segment year. modules. to our latter this directly for be segment make conversations with is than to part supply opinion Enphase, think
domestic the rapid or production-based of All of now support possible. increase We manufacturing this supporting decision, goals proactively or like of reduce PTC, of on rather to resolution underscores administration’s like was homeowners soon from PD, NEM on well the through domestic see China. of I dependency domestic promote with imports and AD/CVD a XXXX. to jobs, as we well-aligned as disruption. further which implementation also lessen electricity would the X.X of announced would comment renewables, to reacting is California PTC The both, December proposed so market manufacturing to the than as manufacturing importance in as can for U.S. tax such increase pricing credit, the a
to stakeholders participating feedback continue to PUC. We’ve various provide modification PD diligently to California current the expect best for and work opportunity will participate the process to outcome. and their been actively try We influence a an with and the the and to in stakeholders
consumers adopting becoming up. change, forcing coupled on about to no There gas. is and is up as ramping are me for so pumps, follow just hard heat and EVs other situations like and is wrap surely like Climate oil, coming. considerably Full Germany EVs energy a others renewable doubt support countries batteries It coal reasons, home Self-consumption independence. loads. with home slowly technologies are the are time. is the to that will natural pumps. think want way and norm is reliance matter Let their but obvious and Countries Ukraine, leading other European countries such of heat the suit. in solar electrification
by to and solar Our storage them installation strategy distribution installer home through sell our is We enabled platform. energy create pretty systems. our simple. We plus best-in-class homeowners partners,
installers core a great providing Our value experience first, and we and top most customer to is on focused are homeowners.
capitalize of well-placed a in over electrification Europe to the for our will I our to are in significant over Mandy the We full manner months her home years. that, towards Mandy? forward financial ramping look to trend review hand coming and on and the With call presence results.
