Pineapple Energy Inc. (NASDAQ:PEGY) Q2 2023 Earnings Conference Call August 11, 2023 8:30 AM ET

Company Participants

Gary Dvorchak - The Blueshirt Group

Kyle Udseth - Chief Executive Officer

Eric Ingvaldson - Chief Financial Officer

Conference Call Participants

Donovan Schafer - Northland Capital Markets

Jeff Grampp - Alliance Global Partners

Operator

Good morning, and welcome to the Pineapple Energy's Second Quarter 2023 Conference Call. As a reminder, today's call is being recorded. All participants are in a listen-only mode. For opening remarks and introductions, I'd like to turn the call over to Eric Ingvaldson, CFO of Pineapple Energy. Mr. Ingvaldson, please go ahead.

Eric Ingvaldson

Thank you. Good morning and welcome to Pineapple Energy's conference call to discuss results for the second quarter of 2023. With me today is Kyle Udseth, our Chief Executive Officer.

Our call this morning will include statements that speak to the company's expectations, outlook, and predictions of the future, which are considered forward-looking statements. These forward-looking statements are subject to risks and uncertainties, many of which are beyond our control, which may cause our actual results to differ materially from those expressed in or implied by these statements. We are not obliged to revise or update any forward-looking statements except as may be required by law. Please refer to our disclosures regarding risk factors and forward-looking statements in today's earnings release and our other SEC filings.

A copy of our press release has been posted to the Investor Relations page of our website for reference. The non-GAAP financial measures discussed in this call are reconciled to the U.S. GAAP equivalent and can be found in the press release that we issued yesterday.

With that, I will turn the call over to our CEO, Kyle Udseth. Kyle, please go ahead.

Kyle Udseth

Thanks, Eric, and thanks to everyone for joining us on the call this morning. I know this is early, especially for U.S. Coast folks. Today, I'm happy to be able to share another strong quarter of operational and financial results at Pineapple Energy.

In the second quarter, the Hawaii business continued its great sales and installation momentum and exceeded both prior year and our internal plan. The New York business showed strong year-over-year growth and we continued deepening their integration into Pineapple. And in the corporate office, we effectively contained overhead costs while continuing to build out our shared services Center of Excellence model.