Financial Data and Key Metrics Changes - Revenue increased to $70 million from $67.5 million, with a profit of $3.12 million, up from $2.42 million in the prior quarter [10][41] - Operating income reached $3.1 million, representing 4.5% of revenue, with a target of 10% achievable in the future [9][10] - Cash balance decreased to $4 million from $10 or $11 million due to large payments on convertible ventures [9][10] Business Line Data and Key Metrics Changes - The acquisition of Sunder contributed to a significant increase in bookings, with a doubling effect noted [33][37] - Sunder's sales force expanded the company's reach from 22 to 45 states, increasing the dealer network from 881 to 1,744 contractors [33][36] Market Data and Key Metrics Changes - The company anticipates a record revenue of $83 million and a profit of $3.5 million in the next quarter [41] - The market capitalization and price-to-sales ratio indicate that the company is currently undervalued compared to its peers [30][29] Company Strategy and Development Direction - The company aims for consistent profitable growth, targeting $300 million in revenue by 2025 and $1 billion by 2028, requiring both internal growth and acquisitions [44][45] - A joint development agreement with REC has been signed, focusing on panel supply, while a partnership with Enphase aims to enhance battery sales [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a minimum of $2 million in profit for Q1, despite it being a traditionally weak quarter [16][41] - The company is focused on maintaining lean operations while increasing revenue through strategic acquisitions and improved sales practices [27][33] Other Important Information - The company is working on improving its quality culture and efficiency, with a focus on reducing overhead and managing headcount effectively [24][26] - The integration of Sunder is progressing well, with no negative synergies reported and a strong alignment between the sales forces [38][39] Q&A Session Summary Question: Battery opportunity with Enphase - The Enphase battery is the only compatible option for future electronic systems, and the opportunity is significant but not fully disclosed [51][53] Question: 2028 revenue goal and gross margin expectations - The gross margin is expected to be around 38%, with a potential for 10% profit margin at a billion dollars in revenue [54][55] Question: Changes to break-even revenue post-acquisition - The break-even revenue level is expected to remain defensible in the mid-$60 million range, with the acquisition enhancing order rates [62] Question: Battery contract duration and revenue potential - The battery opportunity is substantial, with an average battery cost of around $10,000, and the market for batteries is expected to grow significantly [63][64]