What Were Q4 Profits For 2018 Of Vslr
What Were Q4 Profits For 2018 Of Vslr, Vivint Solar, Inc. (VSLR), a leading provider of residential solar systems in the United States,, General, what-were-q4-profits-for-2018-of-vslr, JPOSE
Vivint Solar, Inc. (VSLR), a leading provider of residential solar systems in the United States, recently announced its fourth-quarter profits for 2018. According to the company's financial report, VSLR's total revenue for the quarter was $66.8 million, which represents an increase of 18% compared to Q4 2017. This increase was primarily driven by growth in the company's solar energy systems installations.
VSLR's gross margin for the quarter was 28.1%, which is higher than its gross margin of 27.8% in Q4 2017. The company's operating expenses also increased by 15% to $47.7 million, which includes the cost of sales, general and administrative expenses, and research and development expenses. However, VSLR's net loss for the quarter was $28.7 million, which is slightly lower than its net loss of $29.3 million in Q4 2017.
VSLR's CEO, David Bywater, expressed his satisfaction with the company's 2018 Q4 results, stating that "we achieved record installations in 2018 and are pleased with our progress in expanding our direct-to-home sales channel, driving strong growth in our customer bookings, and increasing our operating leverage."
Looking ahead, VSLR expects to continue its growth trajectory in 2019, driven by a combination of increased customer demand, expanded sales channels, and operational efficiencies. The company plans to focus on expanding its direct-to-home sales channel, which has proven to be an effective way to reach new customers and increase sales.
Overall, VSLR's Q4 2018 profits reflect the company's strong performance in the residential solar market, and its commitment to delivering high-quality, affordable solar energy systems to homeowners across the United States. With a solid financial foundation and a clear growth strategy in place, VSLR is well-positioned to continue its success in the years ahead.
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