Net loss was $23.88m, or 31 cents per share, versus $25.83m net loss, or $2.37 per share, a year earlier. The company since has issued more shares.

Second quarter sales were $37.9m, down from $46.5m a year earlier. Operating lease revenue rose 79% to $20.6m. The company blames the revenue decline on lower solar energy system sales.

California-based SolarCity deployed a record 53MW during the period, at the upper end of its 48-53MW guidance, and sharply above 31MW a year earlier.