Tigo Energy, Inc.

Good afternoon and welcome to TIGO Energy's fiscal fourth quarter and full year 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. Joining us from TIGO are Zvi Alon, CEO, and Bill Roschlein, CFO. As a reminder, this call is being recorded. I would now like to turn the call over to Bill Roschlein, Chief Financial Officer. Please go ahead.

Thank you, Operator. We'd like to remind everyone that some of the matters we'll discuss on this call, including our expected business outlook, our ability to increase our revenues and become profitable, and our overall long-term growth prospects expectations regarding recovery in our industry, including the timing thereof, statements about our demand for our products, our competitive position and market share, our current and future inventory levels, charges and reserves, and their impact on future financial results, inventory supply, and its impact on our customer shipments and adjusted EBITDA for the first fiscal quarter 2025, and our revenue for the first fiscal quarter and full year of 2025 and 2024, and our ability to penetrate new markets and expand our market share, including expansion in international markets and investments in our product portfolio, are forward-looking and, as such, are subject to known and unknown risks and uncertainties, including but not limited to those factors described in today's press release and described in the risk factors section of our most recent annual report on Form 10-K and other reports we may file with the SEC from time to time. These risks and uncertainties could cause actual results to differ materially from those expressed on this call. These forward-looking statements are made only as of the date as when made. During our call today, we will reference certain non-GAAP financial measures We include non-GAAP to GAAP reconciliations in our press release furnished as an exhibit to our Form 8K. The non-GAAP financial measures provided should not be considered a substitute for or superior to the measures of financial performance prepared in accordance with GAAP. Finally, I would like to remind everyone that this conference call is being webcast, and a recording will be made available for replay on Tygo's investor relations website at investors.tygoenergy.com. With that, I'd like to now turn the call over to Tygo CEO, Zvi Alon. Zvi?

Thank you, Bill. To begin today's discussion, I will highlight key areas in our recent performance to wrap up the past year and provide some commentary on the recent operational highlights before turning the call over to our CFO, Bill Roslein. He will discuss our financial results for the fourth quarter in more depth, as well as provide our guidance for the first quarter of 2025 and full year of 2025. After that, I will show some closing remarks, tell you about our outlook for the year 2025, and then open the call for questions from our analysts. Let's get started. I am pleased to report that we ended 2024 with yet another sequential quarterly revenue goal, making it four out of four for the fiscal year. Given how 2023 ended, I am exceptionally proud of what our team at Tygo has managed to accomplish. To give some geographical color on the results, We saw positive sales growth, especially within the EMEA and Americas regions during the quarter. Expanding our sales footprint into markets and doubling down our efforts in key markets has remained an area of focus for us. To share only a few recent highlights, our team has spent time in Malaysia and Hawaii to educate, train, and sell our product portfolios. In the fourth quarter of 2024, we shipped 480,000 MLPE units, bringing our 2024 MLPE shipped total to 1.5 million units. Our TS4X product line continues to build momentum in the marketplace, and we expect this trend to continue in 2025. additionally we achieved multiple utility scale wins in 2024 and our pipeline in this sector of the market continues to grow another key focus area is within our ei software solution where our predict plus ai based energy consumption and production platform continues to grow we announced yesterday Since the first quarter of 2024, PredictPlus platform has grown from 15,000 to 140,000 meters under management and covers a total of 600 gigawatt hour of energy at year end. As PredictPlus expands into Europe and North America, we are bringing machine learning to energy analytics and predictions to a new standard for energy forecasting. Our annual recurring revenue, or ARR, now stands above $1 million per year, and we expect it will continue to grow in 2025. Additionally, we just recently announced another great milestone. Since the inception of the program, Green Glove has now reached 1,000 site arrangements, engagements, globally including over 700 CNI installations and over 300 residential solar installations. We are excited to see our efforts towards the total quality solar starting to pay off. And with that, I would like to turn it over to Bill. Bill?