The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Donovan Schafer - Northland Capital Markets - Analyst
: Hey, guys. Thanks for taking the questions. I wanted to first ask about the Long Island, time of you spilling. Are you seeing anything -- do you have
any leading indicators that you track, whether it maybe quoting activity or inbound interest, anything that gives you a sense of whether you're
already seeing signs of an uptick there, whether it's a battery or attachment inquiries or new installs and then WiSA or potentially in the absence
of that? And do you have a sense for 2024 of whether you expect that to have an impact earlier in the year or more towards the end of the year?
Question: Donovan Schafer - Northland Capital Markets - Analyst
: Okay. That's helpful. Thank you. And then turning to revenue, you guys were down sequentially in Q2 and then you're down again in Q3. On the
last call, we talked about how Q1 was at an elevated level due to some of the pushouts from the Hawaii building department issue from late last
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
NOVEMBER 10, 2023 / 2:00PM, SUNE.OQ - Q3 2023 Pineapple Energy Inc Earnings Call
year. But I wouldn't think that would be a factor going from Q2 to Q3? I know you talked about that's the and we know from all the other residential
companies it's certainly a challenging environment.
So I guess the question is in light of all that, what gives you the confidence for Q4? You've got the backlog there? Are you getting cases of anything
getting canceled or pushed out, or is it what you're seeing there makes you feel like the timeline for the stuff that's in the backlog is firm and
wouldn't slip from Q4 to Q1? Is it skewed to C&I or something? What is it about all that that makes you feel confident, yes, there and it's going to
land in Q4?
Question: Jeff Grampp - Alliance Global Partners - Analyst
: Good morning, guys. And appreciate the delay in the call an hour. I know we come first and you guys think about planning things. Question on
the margin performance, now that continues to be very strong. Is there any more room for growth there given the tailwinds on the equipment
pricing and then hardware and things of that nature? Or do you feel or kind of topping out here around these levels?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
NOVEMBER 10, 2023 / 2:00PM, SUNE.OQ - Q3 2023 Pineapple Energy Inc Earnings Call
Question: Jeff Grampp - Alliance Global Partners - Analyst
: Okay, great, helpful. Thank you. And for my follow-up, I'll ask the obligatory M&A question and just get an update for what you guys are seeing in
that. In that market, it's potentially opportunity-rich, but obviously a lot of macro uncertainty. So just wondering how you guys are thinking about
potentially executing something in this market.
Question: Jeff Grampp - Alliance Global Partners - Analyst
: Great. Maybe just a quick follow-up on that color. Are you seeing -- you guys, as you mentioned, you get mark to market every day with the public
equity, private companies don't. Do you feel that there's sufficient narrowing in terms of buyer seller expectations to where there's transactions to
be done? Or does some more market therapy need to matriculate through on the private side?
Question: Jeff Grampp - Alliance Global Partners - Analyst
: Okay, great. Thank you, guys for the time.
|
