SPI Energy Co., Ltd. (NASDAQ:SPI) Q2 2022 Earnings Conference Call August 16, 2022 4:30 PM ET

Company Participants

Randy Conone - Senior Vice President of Investor Relations and Finance

Denton Peng - Chairman and Chief Executive Officer

Hoong Khoeng Cheong - Chief Operating Officer

Conference Call Participants

Tate Sullivan - Maxim Group

Tim Moore - EF Hutton

Operator

Good afternoon, and welcome to SPI Energy's Second Quarter Fiscal 2022 Conference Call. As a reminder, this call is being recorded and all participants are in a listen-only mode. The call will be open for questions-and-answers following the presentation.

I will now pass the call over to Randy Conone, Senior Vice President of Investor Relations and Finance. Mr. Conone, you may begin.

Randy Conone

Thank you, Laura. Joining me on the call today are SPI Energy's Chairman and CEO, Denton Peng, as well as our COO, H. K. Cheong.

Before we begin, the company would like to remind everyone that various remarks about future expectations, plans and prospects constitute forward-looking statements for purposes of Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995. SPI cautions that these forward-looking statements are subject to risks and uncertainties that may cause their actual results to differ materially from those indicated, including risks described in the company's filings with the SEC.

Any forward-looking statements made on this conference call speak only as of today’s date Tuesday, August 16, 2022, and SPI does not intend to update any of these forward-looking statements to reflect events or circumstances that occur after today.

I'd now like to turn the call over to SPI’s Chairman and CEO, Denton Peng, for opening remarks. Please go ahead, Denton.

Denton Peng

Thank you, Randy, and good afternoon, everyone. Our team continued to deliver its strong performance in the second quarter of 2022, generate top line growth across our divisions and delivering our long plan goals of carving out Phoenix Motor in Nasdaq IPO. Meanwhile, our solar module facility at Sacramento has started pilot production and our first Made-in-California solar module delivered to customers. Overall, we have built solid foundation in high-growth markets that position SPI for accelerating growth moving forward as we capitalize on the revenue expanding demand for renewable and clean energy solutions.

Our world-class team is building on a multi-decade track record of success. We further augment this already impressive team in the second quarter with the addition of William Chen as Chief Operating Officer of SolarJuice. William brings over 20-years of experience as effective in construction management area and was the CEO of one of the largest residential solar integrators in the U.S. for more than 10-years. He is another great addition to our team and is already providing strong value as we continue to expand our SolarJuice operations. I'm confident that our strong foundation, combined with growing industry tailwinds place us in a great position to rapidly increase market share across each of our business units, ultimately enabling us to unlock new value for our shareholders as the asset growth in the quarters ahead.