04:09 AM EDT, 05/09/2024 (MT Newswires) -- SolarEdge Technologies ( SEDG ) reported a Q1 non-GAAP loss late Wednesday of $1.90 per diluted share, swinging from earnings of $2.90 a year earlier.

Analysts polled by Capital IQ expected a loss of $1.59.

Revenue for the quarter ended March 31 was $204.4 million, compared with $943.9 million a year earlier.

Analysts surveyed by Capital IQ expected $194.4 million.

The company said it expects Q2 revenue of $250 million to $280 million. Analysts surveyed by Capital IQ expect $305.2 million.

The company's share price was down 8.5% in premarket activity Thursday.

Price: 52.66, Change: -4.89, Percent Change: -8.50