(WEST) Q3 2023 Earnings Report

(WEST) EPS Results

• Actual EPS: -$0.03
• Consensus EPS: $0.03
• Beat/Miss: Missed by -$0.06
• One Year Ago EPS: N/A

(WEST) Revenue Results

• Actual Revenue: $219.61 million
• Expected Revenue: $233.05 million
• Beat/Miss: Missed by -$13.44 million
• YoY Revenue Growth: N/A

(WEST) Announcement Details

• Quarter: Q3 2023
• Date: 11/9/2023
• Time: N/A

Andalay Solar, Inc. is a designer and manufacturer of integrated solar power systems and solar panels with integrated microinverters (AC solar panels). The Company is engaged in the sale of AC solar panels to solar installers, trade workers and do-it-yourself customers through distribution partnerships, its dealer network and retail outlets. The Company operates primarily in the United States, Canada, the Caribbean and South America. The Company offers plug and play solar panel technology under the brand name Andalay. Its panel technology offers features, such as mounts closer to the roof with less space in between panels; no unsightly racks underneath or beside panels; built-in wiring connections; approximately 70% fewer roof-assembled parts and approximately 50% less roof-top labor required; approximately 25% fewer roof attachment points, and compliance with the National Electric Code and UL wiring and grounding requirements.