I'm teaching myself how to analyse financial statements and I have a question.
I need your help in understanding please.
I'm reading the Earning transcript calls from Sunpower (SPWR) which you can see here
Now the CEO is mentioning non gaap revenues and profits from Q1 2012
Now I'm reading an analysis by Reuters which states that there is a loss of 74 million which can be seen at
Can someone with knowledge about this please explain to me what is going on? Is the CEO using non gaap to make the situation of the company look better than it is?
What I gather is that Non gaap loss per share is $0.12 and Gaap loss per share is $0.67 with 112 million shares outstanding. So Non Gaap loss is $13million and GaaP loss is £74 million. That's a huge difference. So what are they hoping to achieve by focusing a lot on Non Gaap numbers rather than the Gaap numbers. Which one as an investor should I pay more attention to?
It would be great if someone could give me the answers for all the questions I have. It would be kind of you.
Thanks in advance