SunPower(SPWR) - 2020 Q4 - Earnings Call Presentation

Q4 2020 Performance & Growth - SunPower's MWr increased by 41%[3] - DevCo gross margin per watt increased by approximately 50%[3] - The company added 13,000 new residential customers[3] - Commercial & Industrial Solutions (CIS) experienced a 65% MWr growth[3] - Residential value creation in Q4 2020 was $0.46/W[16] Financial Highlights - Q4 2020 revenue was $342 million[34] - Adjusted EBITDA for Q4 2020 was $39 million[34] - Net recourse debt was reduced to approximately $281 million[3, 34] - Devco gross margin per watt was $0.50[3, 34] Future Outlook & Priorities - The company anticipates approximately 35% revenue growth in 2021[12] - Expects approximately 3X EBITDA growth in 2021 and over 40% in 2022[13] - Residential lease and loan value creation is expected to be greater than 50% in 2021[3]