SPI Energy Co., Ltd. (NASDAQ:SPI) Q4 2021 Earnings Conference Call April 4, 2022 4:15 PM ET
Company Participants
Randy Conone - Senior Vice President, Investor Relations and Finance
Denton Peng - Chairman and Chief Executive Officer
Hoong Khoeng Cheong - Chief Operating Officer
Conference Call Participants
Tate Sullivan - Maxim Group, LLC
Michael Samuels - Berthel Fisher
DJ Johnson - Private Investor
Operator
Greetings and welcome to SPI Energy's earnings call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Randy Conone, Senior Vice President of Investor Relations and Finance. Randy?
Randy Conone
Thank you, Paul. Joining me on the call today are SPI Energy's chairman and CEO, Denton Peng, as well as our COO, HK 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, Monday, April 4, 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 Peng
Thank you, Randy. And good afternoon, everyone. I'm proud to report our team delivered strong double-digit top line growth again in year 2021. Importantly, we fortified our foundations in multiple business segments, including expanding our residential solar operations and the product offerings, developing new utility and commercial scale solar projects, driving innovation and commercial success in our burgeoning EV segment and strengthening our teams at all levels and across all of our organizations.
We have closed $14.7 million placement at $10.79 per share and also secured attractive financing to fuel our spending operations. Including four convertible promissory notes each with $20 per share conversion price, reaching a total of nearly $70 million.
Our strengthened position across both our solar and EV operations has enabled us to attract and retain highly experienced team members to driving new innovations and growth moving forwards.