Pineapple Energy Inc. (NASDAQ:PEGY) Q4 2023 Earnings Conference Call March 28, 2024 4:15 PM ET
Company Participants
Kyle J. Udseth - Chief Executive Officer, Director
Eric Ingvaldson - Chief Financial Officer
Conference Call Participants
Donovan Schafer - Northland Capital Markets
Operator
Good afternoon, and welcome to Pineapple Energy's Fourth Quarter and Full-Year 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 would like to turn the call over to Eric Ingvaldson, CFO, Pineapple Energy. Mr. Ingvaldson, please go ahead.
Eric Ingvaldson
Thank you. Good afternoon, and welcome to Pineapple Energy's conference call to discuss results for the fourth quarter of 2023. With me today is Kyle Udseth, our Chief Executive Officer.
Our call this afternoon 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 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 earlier today.
With that, I will turn the call over to our CEO, Kyle Udseth. Kyle, go ahead.
Kyle J. Udseth
Thanks, Eric, and thank you to everyone for joining us on the call this afternoon. Today, I'm once again happy to share another quarter of solid operational and financial results from Pineapple Energy, which capped off an excellent full-year 2023. But once again, I will also say it didn't come easy.
In writing the script, I was reviewing our call from Q3 and in that call, I said that in my nine years in rooftop solar, I couldn't recall a more trying quarter. Well, we just went through an even more challenging one. Numerous longstanding operators in the space have gone bankrupt. The rate cut signaled by the Fed have not yet materialized due to stubborn inflation, and public equity valuations in our sector are near all-time lows. However, if you dig a bit below the surface, there are signs of green shoots starting to emerge.