Nextpower Inc.

Good afternoon, everyone, and thank you for standing by. My name is Kevin, and I will be your conference operator today. Today's call is being recorded. I would like to welcome everyone to NextPower's fourth quarter fiscal year 2026 earnings call. After the speaker's remarks, there will be a Q&A session. If you would like to ask a question, please raise your hand. If you have dialed in to today's call, please press star 9 to raise your hand and star 6 to unmute. At this time, for opening remarks, I would like to pass the call over to Ms. Sarah Lee. Head of Investor Relations. Sarah, you may begin.

Thank you, and good afternoon, everyone. Welcome to NextPower's fourth quarter fiscal year 2026 earnings call. I'm Sarah Lee, NextPower's Head of Investor Relations, and I'm joined by Dan Sugar, our CEO and founder, Howard Wenger, our president, and Chuck Boynton, our CFO. As a reminder, there will be a replay of this call posted on the IR website, along with the earnings press release and shareholder letter. Today's call contains statements regarding our business, financial performance and operations, including our business and our industry that may be considered forward looking statements. And such statements involve risks and uncertainties that may cause actual results to differ materially from our expectations. Those statements are based on current beliefs, assumptions and expectations and speak only as of the current date. For more information on those risks and uncertainties, please review our earnings press release, shareholder letter, and our SEC filings, including our most recently filed quarterly report Form 10-Q and annual report on Form 10-K, which are available on our IR website at investors.nextpower.com. this information is subject to change and we undertake no obligation to update any forward-looking statements as a result of new information future events or changes in our expectations please note we will provide gap and non-gap measures on today's call the full non-gap to gap reconciliations can be found in the appendix to the press release and the shareholder letter as well as the financial section of the ir website and now i'll turn the call over to our ceo and founder dan

Good afternoon, everyone, and thank you for joining us. We're pleased to report a strong finish to fiscal year 26 and recap what has been a defining year for NexPower. We delivered solid financial performance across the business, including 20% revenue growth year over year, strong profitability, and record backlog of over $5.25 billion. Demand remains healthy and we continue to see strong bookings momentum supported by a flight to quality across our customer base. Let me lay out a few key themes you will hear during today's call. First, our core tracker business continues to strengthen and perform at industry leading levels. Second, we're seeing clear traction from our platform strategy with increasing adoption of our expanded product portfolio. Third, we're continuing to invest in innovation, both organically and through targeted acquisitions, to build a more integrated power plant technology platform. Let's start with our core business, where we continue to win in the market. We saw one of the highest booking quarters in our history, and we exited the year with record backlog as we continue to lead the global solar market. We continue to increase our backlog while growing revenue and profit. Our global footprint and flexible supply chain position us well to capture the underlying market demand and mitigate fluid policy dynamics in any one region. According to the International Energy Agency, global electricity demand is forecast to grow 3.6% per year until 2030. compared to 2.9% per year for the prior decade. This translates to around 5,400 terawatt hours of incremental electricity needs over the next five years, a structurally increasing demand driven by data centers, electrification, and industrial growth. This is creating an unprecedented need for new generation capacity. And solar, particularly when paired with storage, is documented to be one of the most scalable and cost-effective solutions to meet that demand. According to Reistad Energy, solar power is predicted to account for over 60% of new generation capacity brought online globally between 2025 and 2030, or around 3,000 gigawatts AC. By virtue of our market leadership, NexPower is very well positioned to help meet this demand. Second, we're seeing clear traction from our platform strategy. Customers have been asking us to offer additional products and services beyond trackers to simplify procurement, accelerate installation speed, and improve system performance and long-term reliability. We're building our platform to meet that demand, and we believe integration across the power plant is becoming a key differentiator. Howard will provide more detail on how our strategy is translating into customer adoption and bookings activity. We believe these trends will continue to support long term growth across our markets. Third, we're continuing to expand our platform capabilities. As we've disclosed previously we've been investing in the development of power conversion solutions which we view as a critical component of integrated power plant architecture. we're now delivering on our complete solar platform and on our everything but the panel strategy, while also addressing the storage and data Center demand all in one go. Our internally developed technologies very unique with a design intended to enable higher operating efficiency and reliability, coupled with enhanced ease of maintenance. We plan to manufacture these products in the United States, as we expect domestic content and very strong cyber security to be important differentiators in the power conversion market. While we're completing internal development of our next-gen power conditioning technology, we're expanding our product portfolio and accelerating time to market through an agreement announced today to acquire key power conversion product lines that are ready to ship and a planned U.S. manufacturing footprint that can also serve as a launching pad for our internally developed products. We think that this acquisition, which is subject to foreign direct investment approval by the Spanish government and other customary closing conditions, has similar attributes to our e-boss acquisition of Bentec last summer. With solid core technology and expertise, the next power can quickly propel to meaningful scale across our market footprint. We see power conversion as an increasingly critical layer of the system optimizing solar power plant yield enabling integration with battery storage and delivering power quality management and buffering capabilities that are increasingly important for data Center applications. We are intentionally leaning into investments to support this next phase of growth. While this will modestly impact near-term profitability, we expect these investments to drive accelerated growth beginning next year. We're increasingly confident to exceed our previously disclosed 2030 revenue outlook. Overall, we're very pleased with our performance in fiscal 26 and progress we're making against our strategic plan. We believe the company is well positioned for continued growth, supported by strong backlog, increasing customer adoption of our platform, and ongoing investment in innovation. With that, I'll turn over to Howard and walk through our commercial performance and product innovation in more detail.