SolarCity just reported its Q4 financial results, and at first glance the numbers don’t look good.
The company reported an adjusted loss of $US0.46 per share. This was actually narrower than the $US0.58 expected by analysts.
This was on revenue of $US47.3 million, which was higher than the $US45.1 million expected.
Guidance, however, was a bit weaker than expected. Management expected to report a Q1 loss of $US0.70-$0.80 per share. Analysts were looking for a $US0.50 per share loss.
Last month, management announced it would be delaying this earnings announcement due to accounting related delays.
The stock is down by around 1% in after-hours trading.