...A. Overview: Began 2022 with expectation that it would be challenging from earnings perspective, as Co. faces unprecedented logistics and commodity costs. 1. Expected it to be a year of transition, setting the stage for growth and profitability into 2023 and beyond. a. 2. Entered this year in a significantly stronger commercial, operational and financial position, with: Increased R&D investment. a. b. New domestic and international capacity coming online. c. New Series 7 product. 3. Began the year with: Record contracted backlog. a. b. Significant pipeline of bookings opportunity. c. Robust demand in core markets. 4. Aforementioned momentum is driven by points of differentiation, including unique CdTe technology, vertically-integrated manufacturing process, domestic production, strong balance sheet, and commitment to responsible solar, placing Co. in a position to respond to emerging opportunities, particularly those enabled by rapidly evolving policy environment. B. Commercial: Saw precipice...
