iSun, Inc.

Good morning, ladies and gentlemen, and welcome to the ISUN third quarter 2021 earnings conference call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Tyler Barnes. Sir, the floor is yours. Thank you, and good morning.

We're pleased to welcome you to ISUN's conference call, where we will discuss financial and operating results for the third quarter 2021. Jeffrey Peck, Chairman and Chief Executive Officer, will provide an update on ISUN's progress towards the framework outlined in the last quarterly earnings call. John Sullivan, Chief Financial Officer, will provide an overview of the third quarter 2021 financial results. Jeff will provide some insight into how we plan to continue our growth strategy for the balance of 2021 and into 2022. Finally, management will provide their outlook for the remainder of 2021 and discuss in more detail ISUN's unique position in the market as well as their long-term growth strategy. After our prepared remarks today, we will open the lines to address any of your questions. As a reminder, the earnings release and updated investor presentation, which can be found on ISIN's website, include financial disclosures and reconciliations for non-GAAP financial measures that should help you analyze results. Comments and answers to questions during the call will include forward-looking statements that refer to management's expectations for future predictions. These statements are made as of the date of this call, and management is under no obligation to update these forward-looking statements in the future. They are subject to risks and uncertainties that could cause actual results to differ from management's expectations. With that, I will now turn it over to our CEO, Jeff Peck. Thank you, Tyler. Hello, everyone.

It's a pleasure to be speaking with all of you today. I'm excited to share with you all the progress we've made in these last few months towards our vision of creating a solar energy platform capable of accelerating the transition to solar for all users. I'll begin by discussing these accomplishments in the context of our mission, before discussing the specific progress we've made in the court. I'll then hand the call over to ISUN CFO John Sullivan, who will discuss our operating performance, and I'll return with some closing remarks on how we will transition from building our platform towards its deployment. ISUN's mission is to accelerate the adoption of proven technological innovations capable of improving lives. This has been our approach to business for the last 50 years, from clean rooms that enabled silicon chip production to telecommunication installation services that connected industries and consumers to the Internet. ISUN has enabled the most important technological transformations of the last century. For all of the innovations we've helped advance, None have provided as much opportunity to make a more meaningful impact than helping accelerate the nation's adoption of solar. Our vision is to create a platform capable of servicing customers at every scale within the marketplace. We provide off-grid and grid-tied electric vehicle charging. We provide services for residential, commercial, municipal, industrial, and utility Across these segments, we also aim to offer a suite of services, from early-stage professional and development capabilities to operations and management services. ISER, with its combination of capabilities and experience, is uniquely capable of accelerating the transition from dirty to clean energy required to meet our nation's increasing energy demands. We bring five decades of innovative electrical experience to an industry that is less than a decade old. and we combine the capabilities of an industrial and utility-scale service provider to those of a consumer-facing residential and commercial solar company and an on- and off-grid EV charging solutions provider. This combination of experience and capabilities allow us to both enter new markets and scale within existing markets at a lower customer acquisition cost, help customers and consumers navigate the complex and rapidly evolving regulatory landscape, leverage economies of scale to improve margin performance within each of those sectors, and capitalize on the increase in solar investments required to meet the demand due to the transition to electric vehicles and reduction in energy supply resulting from the ongoing decommissioning of legacy fossil fuel assets. Perhaps most important, our experience in helping customers make the right investments for their energy needs has earned us the trust of some of the world's largest solar developers and helped us become one of the largest and trusted solar EPCs in the United States. Such trust has helped us build a remarkable values-led business over the course of the last 50 years and will serve as a cornerstone of the business we're building for the next 50 years. After going public in 2019, we began making our vision a reality. We began building a platform capable of servicing customers across each segment of the solar industry. We've also developed a suite of services, products, and capabilities that carry across these segments, including off-grid and grid-tied solar electric vehicle charging and professional and development capabilities, as well as operations and management services. In our last call, we identified how we deploy our three-pronged strategy for growth to build both this platform and suite of services and residential and small commercial SOAR as an opportunity for further enhancement. We also announced our intent to address this opportunity through a creative M&A. Specifically, we communicated our goal of creating a division with a $75 million annual revenue run rate 75 megawatts of residential installations in approximately 7,500 customers. The exacting criteria for potential acquisition targets included companies with between $5 and $50 million in revenue, located in the eastern United States, residential focused with commercial sales, were outstanding operators, had a strong brand and great reputation, that were ultra high touch, and develop long-term customer relationships, providing multiple services, including solar storage, O&M, community solar, and others. We wanted them to have expansion plans outside of their base territory and be market leaders in their territory who regularly take on national companies and win, and who would benefit from scale. Today, I'm proud to announce that we've already achieved these aims. At the end of The third quarter, we entered into a definitive agreement to acquire Sun Common, a leading residential and commercial installation company with operations in New York's Hudson Valley and ISUN's home state of Vermont. In addition to satisfying our exacting criteria, Sun Common also maintains industry-leading customer acquisition costs of $0.36 per watt. With this acquisition, ISUN has realized its vision of creating a platform capable of serving solar energy customers at every scale within the marketplace. Additionally, ISIN has developed a comprehensive suite of services that address both immediate and emerging needs within each segment. With these pieces in place, we will begin transitioning from the development of our vision to the execution of our mission. With that, I'd like to hand things over to our CFO, John Sullivan. I'll then conclude the call with some remarks about the implications of this shift on each of our segments and our outlook.