Tigo Energy, Inc.

Good afternoon. Welcome to Tego Energy's Fiscal First Quarter 2026 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question-and-answer session. Joining us today, Tego Arts' Zvi Ahlan, 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.

Thank you, Operator, and it's a pleasure to join you today from our corporate offices in Los Gatos, California. Also with us is Vialan, 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 our overall long-term growth prospects, expectations regarding recovery in our industry, including the timing thereof, statements about demand for our products, our competitive position in market share, the impact of tariffs, 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, statements about our revenue, and adjusted EBITDA and non-GAAP net loss for the second fiscal quarter of 2026, and our revenue for the full fiscal year 2026, our ability to penetrate new markets and expand our market share, including expansion in international markets and investments in our product portfolio. We're all forward-looking statements, 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 10-K. Our quarterly report on Form 10-Q for the fiscal quarter ended March 31st, 2026, and other reports we may file with the SEC from time to time. These risks and uncertainties may cause actual results to differ materially from those expressed on this call. Those 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 furnished as an exhibit to our Form 8K. The non-GAAP financial measures should not be considered as a substitute for or superior to the measures of financial performance prepared in accordance with GAAP. Finally, I'd like to remind everyone that this conference call is being webcast and the 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, Vy Alon. Vy?

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. He will discuss our financial results for the first quarter in more depth, as well as provide our guidance for the second quarter of 2026 and full year of 2026. After that, I will share some closing remarks, tell you about the outlook, and then open the call for questions from the analysts. Business update. We delivered a strong start to 2026, despite the typical weather-related seasonality in our end markets. To be more specific, in the first quarter of 2026, we reported a total revenue of $25.2 million, representing a 33.7% increase compared to the first quarter of 2025. By geography, we saw seasonally stronger performance on the year-over-year basis with the EMEA region during the quarter, which comprised 69.5% of our revenue. Recently, we also announced that our enhanced Tygo Go battery is now available in the European residential market and is expected to further strengthen our European presence with storage capacity up to 47.9 kilowatt hours and integrated heating for cold weather operations. Within America's region, which comprises 20.9% of our revenue, we saw higher performance on a year-over-year basis. but lower results quarterly as the buyers accelerated purchases late last year, ahead of the expiration of residential clean energy tax credit. By country, we performed exceptionally well in Italy, which grew 140.8% sequentially, and again in APAC in Australia, which grew 64.3% compared to Q4. I would also like to highlight strong growth in the Czech Republic and Poland, when unusually cold weather patterns during Q4 had significantly impacted solar installations, as mentioned in our last earning call. These results were offset by seasonal softness in Germany and weaker results in the UK market, where robust growth in 2025 moderated for us in the current quarter. As we look at the energy sector as a whole, energy security is an increasingly important priority for governments, businesses, and homeowners across the globe. The recent geopolitical developments in Iran continue to highlight importance of energy independence worldwide. As energy markets remain volatile, we believe Tygo is well positioned to support installers, homeowners, and commercial customers seeking flexible, reliable, and intelligent solar and storage solutions. Finally, as we look forward or towards the rest of the year, I would like to share three specific growth catalysts that I expect will drive accelerated growth for Tygo. Third is our partnership with EG4, which is just now beginning to kick off with the first deliveries occurring this month. This partnership is expected to provide the U.S. market with an IRS 45X and IRS 48E ITC credit qualified optimized inverter solutions. In our new line of new GO ESS batteries for the U.S. and EMEA markets, this provides a compelling and complete solution for TPOs in the U.S. and addresses market requirements for additional storage capacity in EMEA region. And third is the positive activity we are seeing in our pipeline for large-scale utility deals, where we believe as a competitive advantage. And with that, I would like to turn it over to Bill. Bill?