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. But I wanted to start off talking about gross margins. So it looks like sequentially quarter over quarter,
they were down about 10-percentage-points, 38.5% last quarter and 28.4% this quarter and so on, I'm just curious if you can talk about what drove
Question: Donovan Schafer - Northland Capital Markets - Analyst
: Okay. And you're saying that's mostly like some of that customer acquisition costs and or you most interested in just that the change on a
quarter-over-quarter basis is kind of more abrupt. So what were the specific items? Is it insurance? And what were the elements?
Question: Donovan Schafer - Northland Capital Markets - Analyst
: And you are just saying those just did increase sequentially?
Question: Donovan Schafer - Northland Capital Markets - Analyst
: Okay. And then talking about just in terms of what we've talked about for Sunnova and Sunrun and other companies, we have some sense of what
the how the market is doing across the United States. But could we go a little bit more in depth on and get sort of updates on Hawaii and New York
or Long Island specifically in terms of what trends you're seeing?
And is there anything are you getting any tailwinds from like the fires with Hawaii [Chico] may have to raise rates if they get hit with a big loss to
liability or so, any updates in that or specific to those regions?
Question: Donovan Schafer - Northland Capital Markets - Analyst
: Okay. And then in the past, you've given annual guidance. I'm just curious, do you have like do you anticipate giving and apologies if I missed it,
but do you anticipate giving and I'm like a revenue guidance for 2025 or something, maybe you wait awhile to do? Or just curious your current,
what is your current state of thought is on that?
Question: Donovan Schafer - Northland Capital Markets - Analyst
: Okay. Okay. So potentially, potentially next quarter but just depends on how what kind of visibility you get?
Question: Donovan Schafer - Northland Capital Markets - Analyst
: Okay. Okay. And then I have a question for Eric. So in the adjusted EBITDA or pro forma EBITDA reconciliation, I saw that in the fourth quarter of
'23, there was this about $1 million write off for legacy CSI receivables.
And of course, you know, that has to do with the legacy company that there is a reverse merger into that. And so operationally, it has absolutely
no tie to what you guys do. But I guess I'm curious, is there any way of recovering that at all?
Is that or is it for you is it a receivable that would be a claim for Pineapple versus CSI's former, owners and shareholders? Or is it a claim at CSI from
its legacy business to a customer and just kind of what happened there is that it can still be recovered anyway.
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MARCH 28, 2024 / 8:15PM, SUNE.OQ - Q4 2023 Pineapple Energy Inc Earnings Call
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