The following is a summary of the Pineapple Energy Inc. (PEGY) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Pineapple Energy's total revenue for Q4 2023 stood at $19.4 million, marking a 13% increase from Q4 2022.

• The company's gross profit was $5.5 million, showing a 10% YoY increase.

• Operating expenses were down by 8% YoY.

• In Q4 2023, there was an improvement in the company's operating losses, recording $2.3 million, a decrease of $1.2 million (a 34% improvement from the prior year).

• The pro forma adjusted EBITDA for Q4 2023 was a positive $208,000, showing a 222% improvement from a negative $171,000 reported in the prior-year's quarter.

Business Progress:

• Despite the challenging quarter, Pineapple Energy managed to maintain robust operational and financial results.

• The company observed a persistent interest in solar energy and battery storage among homeowners, indicating positive future prospects.

• Pineapple Energy plans to drive growth by merging with leading local and regional residential solar and storage companies across the United States.

• The company is actively involved in fundraising efforts to meet its financial obligations in 2024.

• The focus on cost containment and margins contributed to the company's positive adjusted EBITDA.

More details: Pineapple Energy IR

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