SPI Energy Co., Ltd. (NASDAQ:SPI) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET

Company Participants

Hoong Khoeng Cheong - Chief Operating Officer

Denton Peng - Chairman and Chief Executive Officer

Conference Call Participants

Tate Sullivan - Maxim Group

Tim Moore - EF Hutton

Operator

Thank you for standing by and welcome to SPI Energy's Q1 Earnings Call. During the presentation, all participants are in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded Monday, May 16, 2022.

I'd now like to turn the conference over to COO, HK Cheong. Please go ahead.

Hoong Khoeng Cheong

Thank you. Joining me on the call today are SPI Energy's Chairman and CEO, Denton Peng.

So, 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 date Monday, May 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 Chairman and CEO, Denton Peng, for opening remarks. Please go ahead, Denton.

Denton Peng

Thank you, HK and good afternoon, everyone. Our team continued to deliver strong performance in the first quarter of 2022, generating double-digit top line growth, along side meaningful margin improvement. We have built solid foundation in high growth market that positioned SPI for accelerating growth to be capitalized on rapid expanding demand for renewable energy and clean energy solutions.

Our world-class team is building on multi dedicate track record of success. We further augmented this already impressive team in the first quarter with the addition of former Daimler and Karma Automotive executive Dr. Lance Zhou as the CEO of our Phoenix Motor. Dr. Lance is Chairman addition to our team and his experience and resource will have Phoenix Motor expanded to the next level as it grows operation globally. I'm confident that our strong foundation combined with growing industrial tailwinds placed us in a great position to write the increased market share across each of our business units, which will automatically enable us to unlock new value for our shareholders as we accelerate growth in the quarters ahead.