CEO Paul Nahi resigned. Revenue up to $75 million but they still lost $12 million. Revenue next quarter is expected to be $72-80 million - not good, down ~$10 million from Q3 2016. They chopped operating expenses a good bit from Q1 but expected flat in Q3. With restructuring and other expenses how do they not lose another $12 million in Q3? Something's gotta give.
https://www.pv-tech.org/news/enphase...-rebound-in-q2
http://solarindustrymag.com/enphase-...l-nahi-resigns
https://www.pv-tech.org/news/enphase...-rebound-in-q2
http://solarindustrymag.com/enphase-...l-nahi-resigns
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