Sunation Energy Inc Q1 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Justin Clare - ROTH Capital Partners - Analyst : I just wanted to start out on the guidance here. So you're expecting positive EBITDA in 2025. And just wondering if you could talk through how you expect adjusted EBITDA to trend in the quarters ahead for the remainder of the year. Do you anticipate potentially being able to achieve positive EBITDA in Q2 as a result of the stronger seasonality? It'd be great to just hear a little bit more detail on that.

Question: Justin Clare - ROTH Capital Partners - Analyst : That color is helpful. And then just on your operating costs, you lowered costs in Q1. Just wondering how you're thinking about where you are today? Are there further opportunities to take cost out? Or are you more comfortable with where things stand? I appreciate any more color on that.

Question: Justin Clare - ROTH Capital Partners - Analyst : No, I was just saying on the seasonal effect of Hawaii in the Northeast, you wouldn't necessarily expect them to be the same, but it sounds like they are. I did want to follow up on just the strategy that you have in terms of acquisitions. Are there particular characteristics that you're looking for in an acquisition? Or are there particular markets that you're looking to expand in that you think are attractive opportunities? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 16, 2025 / 1:00PM, SUNE.OQ - Q1 2025 Sunation Energy Inc Earnings Call

Question: Justin Clare - ROTH Capital Partners - Analyst : Yeah. No, that's really helpful. I appreciate that. And just one more I had here. I wanted to touch on tariffs, and I know tariffs have been lowered here to a large extent. But wondering how that might be affecting your business. And I think right now, tariffs on batteries might be affecting things there more so than for solar. So just wondering what your exposure is and what you're seeing at this point?