more on turning our trends discuss our and market our Thank I financial year for He the results call well Bill in the the performance opening some After company, questions.
All I that, Bill. you, as the XXXX. call begin right. provide background quarter for will today's recent before To remarks to will discussion, before Roeschlein. for our over depth as our CFO, closing some share will and give outlook
begin. Let's
of costs operating Solutions, product utility Intelligence and Storage commercial and EI Energy be Tigo is solar scale story, offering residential, Energy hardware yield TSX Tigo's smart Platform. categories: global main enhance may to our that safety, Energy or for XXXX, intelligent solutions. you MLPE, and is includes our Tigo's energy provider those of Founded storage deliver to who a X lower energy in new Go mission increase and Software and For our software systems. solutions ESS,
of of solutions particular a product to consisting TSX of Tigo largest needs is base designed MLPE Our broad series installers. flexibly meet of our a selling
customers. Our of design benefits a number provides to important superior MLPE
efficient and of has an MLPE that cycle. energy constant high to strings our optimizes optimization MPPT when solar an the as-needed solutions cycle, requiring duty duty operates which on compared design First,
it that plastic is a fact, that instead in of one efficient, so is metal casing a housed design Our hitting. in are uses
provides very high customers component solution by rate. Second, and a the with our Higher product and cycle reliability duty failure a design. count MLPE liability is lower driven low
Third, quick to each. install, seconds about are in XX our and easy MLPE
the the the And to lastly, the Resi, panel products and today with literally X,XXX Tigo while You in back inverters certified the provide across flexibility. segments, clip market of to MLPE wires. all more connect X C&I we are than continents. including utility and operating marketplaces work
line or switch XX the utilization XX flexibility in battery commissioned indoor/outdoor. for or Battery, with charging our that X-phase and up central enables energy X the DC-coupled be GO a module. in The interaction provides transfer Overall, system inverter configured includes can high references and kilowatt architecture. maximum provide solutions outdoor, are both MLPE modules are battery a modular transfer high the as to the a hour and battery charger loads Go comparable available but automatic can dynamic The which that automatic the X-kilowatt be is the ESS, our GO Moreover, and can least, wall-mounted with last is power with per and hub phase X.X the switch, customizable the building our products for and is up launched power continuous kilowatts the together. work MLPE or to EV about systems install Inverter, including GO product Go GO sources, and addition ESS solutions, of energy Tigo that to and generator.
And flexible power blocks line, newly a components density with source solar to incremented not energy smart In Storage and single to of storage Tigo minutes. ESS between intuitive and product. vehicles for loads GO that or includes managing GO Charger, hybrid electric ETS, station Energy Systems optimized on based be a search
our or Software Intelligence up EI Platform. make Tigo's EI products Energy Lastly,
including software management fleet and Our EI our monitoring platform. products, predicts flagship
We and in scaled have integrated offering Predict Plus particular.
ability is a segment demand real-time it provides energy customers with unique and drive offering that and As software profitability. manage production ROI of with to both near energy balancing and accurately predict load the window to consumption and
challenges categories manage the the their software will throughout Predict+ by and and Our we products expect We States these electricity ESS X the and for enables and solutions storage anticipate both believe forward, constitute for that and as to utilities in GO energy United curve solar product our internationally. opportunity growth, to the solutions. moving continue large posted in in for Tigo main changes so-called continue solutions to generation the day.
We VPPs duck demand the that especially as is doable investing well EI
of demand review the results and operational recent Turning our outlook. now to
were of believe staff million.
In included what the in largely last performance, and on made resulting our adjusted fourth discussed, prudent $X.X business cancellations created to revenue million call, we our reducing limited the inventory we half current year, the structure better our steps order and loss that XX% response in expected our elevated a by by of quarter, these headwinds in in several with faced levels environment. than an and In the significantly align restructuring driven channel. more which cost last ramped pushouts second As $XX.X significant levels through uncertainties quarter, EBITDA the we
However, when viewed Tigo. highlighted a by XXXX transformational year, holistically, was for growth
the to $XXX.X revenue overall growth full year. Our team XX.X% for million drove of
which the and We Good Shutdown Rapid our grew for our international significant XX% successful new in Solar including Also, as XXXX. far for revenue because in successful market, has XXXX that GO as X% particularly to the $XXX platforms million of of doubled -- APAC the us in ESS Last more Week, $XX than business technology the the our XXth-million believe which business market, we indicator steadily. as significant TSX in see in grew of driven well as was technology. year of Tigo first continued realization was revenue our Intercraft categories converting a device, full market, our we TSX only solution had by XX% licensee encourages our an our our deployed technology million Power grew the our to ESS successful than revenue U.S. progress XXXX well. significant our of launch ESS across to of XX% customers a and more EMEA in but progress GO part in German bookings, SolaX year how made and business, in GO the Our our advantages.
Also, compared gone. TSX quarter we'll market first Tigo expansion we represented new milestone product availability as a year XXXX, XXXX
Israel notched predicts including Renewables For our with in utilize our wins, our software collaboration EI we them technology. several increased EDF for to solutions,
During the modules, the including billing production analysis advanced the module expanded for load we year, and power for Predict+ forecasting, new improved IPP algorithms software and suppliers. platform, virtual profit and
-- Our currently $XXX,XXX year. per represented ARR grew to
of along already Green Tigo experience continue and security have features a has confidence our provide program customers have will new up Glove on-call in existing with installers the and systems. cycle is reliability services. launched inspection safety, customer an the site. positive. of X-point and and the Tigo many of support post-installation This support in design market enhance premium a usage the to Green to completed effort who feedback several first-time and program expected for while to for for products, the overwhelmingly certification service This Lastly, the been installations We and their service signed products. full the residential received Glove XXXX, the service enhance commercial Early increasing we Tigo
of of last quarter customer Tigo remains As normalize ongoing -- the services services for The [indiscernible] the that an to monitoring QX. completed similar inventory end of inventory a we the us indicates monitoring we signed completion the which with product panel stable. up believe and for module-level level been indication with XXXX, installation and to cycle the sell-through. of nearing is the QX, us by the in Also, pace provides as for number noted continued customers system registration demand has question will the turn quarter, distribution solar weeks that and end
overall compared the the to As pace for more EMEA further interest XXXX. the Americas, XXXX outlook we at the year in have half into XXXX, delay rates of still is second moderate In metering high at macro potential a policies look the recovery until to net albeit continued level. growth and a
believe expanding is beginning we catalyst ABL and for gain a in do the navigate be still cautious we traction We list that could growth confidence XXXX.
Overall, region. us us for of giving our of serving as are expect Although well there footprint with we our for significant continue as both be managing market responsive. runway geographies uncertain international to significant XXXX, as to that business in the new to that the we TPOs expansion can increasing and an
are environment. cycle, end rebalancing but the will are the to inventory optimistic We remain cautiously we nearing industry-wide that of the macroeconomic responsive
remain initiatives in our We cost to XXXX.
One, committed also X effectiveness. major
balance We will costs solar continue to in Tigo of products installation. market using the lower the Two, system to the expansion. sell electrical advantages of
gaining Rapid Three, to penetration such geographies we South represent These We geographies areas. suit these Europe. the capture additional we and especially underserved Eastern positioned Asia will -- well and our of markets, where in new market share America, in continue regions product Pacific in as expansion. under-tapped that are believe is traction, market Shutdown
improving will details. a discuss for previously, is outlook that, And as in part Further GO for while today. our results underpenetrated this represents year fourth areas Bill to important Platform growth quarter business. the X% our and for XXXX.
With highly and I our of our nominal As call see XXXX and EI both business, our Software greater the percent our full of product product strategy represents mentioned an lines business turn of XXXX a we over to financial ESS Bill? growing product
