Tigo Energy, Inc.

earnings 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 today from Tygo are Zabi 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. Sir, please go ahead.

Thank you, Michelle. And it's a pleasure to join you today. Also with us is Zvi Alon, our CEO. 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 achieve and maintain profitability and our overall long-term growth prospects, expectations regarding a continued recovery in our industry, statements about demand for our products, our competitive position and market share, the impact of tariffs, our current and future inventory levels, inventory supply and its impact on our customer shipments, statements about our revenue, adjusted EBITDA and GAAP operating results for the third fiscal quarter of 2025, and our revenue and adjusted EBITDA for the full fiscal year 2025, statements about our existing backlog and bookings, statements about our ability to restock inventories and increase our capacity in response to increased demand, statements about our ability to refinance our outstanding indebtedness and the expected benefits thereof, 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 discussed in the risk factors section of our most recent annual report on form 10k our quarterly report on form 10q for the fiscal quarter ended june 30th 2025 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 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, 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's CEO, Zvi Alon.

Thank you, Bill. To begin today's discussion, I will highlight key areas in our recent financial and operational performance before turning the call over to our CFO, Bill Roeschlein. He will discuss our financial results for the second quarter in more depth as well as provide our guidance for the third quarter and increase financial guidance for the full year of 2025. After that, I will share some closing remarks, tell you about our outlook, and then open the call for questions from our analysts. Approximately two years ago, Tygo became a public company, and although the industry has had to endure some unexpected circumstances along the way, we believe that the value proposition that Tygo brings to this market has not changed. Competitor solutions have historically forced solar system designers and installers to compromise under the one-size-fits-all umbrella. These compromises often led to solar installations that are less efficient, less flexible, less reliable, and more expensive than open systems, open architecture solutions that TIGO enables. Our MLPE enables solar system designers to install flexible, best-in-class solar systems without the need to accept compromises such as power clipping, low energy conversion, efficiencies, and high costs. We believe our value proposition in this market has not changed and that the growth we are experiencing in a challenging market is evidenced that our market share is increasing and sustainable. For the second quarter of 2025, I am pleased to report our sixth increase in sequential quarterly revenue growth, growing 27.7% sequentially and 89.4% on a year-over-year basis. Exceeding the high point of our second quarter guidance, We ended the quarter with a total of 24.1 million dollars and our existing backlog and bookings that are expected to shift in the third quarter currently exceed our revenue results for the second quarter and we are ramping up capacity. In addition, we shift 646,000 units of 477 megawatts of MLPE, and based on publicly reported figures and estimates, we believe these figures represent increased market share gain for Tygo during the quarter. I'm also pleased to report $1.1 million in positive adjusted EBITDA and an increase in cash, cash equivalent, and marketable securities of $7.7 million for the quarter. This performance underscores the leverage in our operating model as we grow the company while maintaining spending disciplines with operating expenses. Finally, we look ahead to the second half of 2025 and into 2026. We are excited about our product roadmap and expect to make several new product announcements in the future. And with that, I will turn it over to Bill.