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Real Goods Solar Reports Fourth Quarter And Full Year 2012 Results

Stocks in this article: RSOL

"The implementation of our strategic roadmap gained further momentum in 2013, as we partnered with a leading homebuilder to deploy solar in several new California communities and with an eye to expand to other solar-friendly states. We also bolstered our residential financing offerings through a new partnership with SunRun, a leading residential solar financing company. And more recently, we formed a new e-commerce business unit and launched our new online store, Shop.RealGoods.com, offering the latest in solar power and environmentally friendly solutions for both home and business.

"As a leading downstream solar solutions provider, we will continue to leverage our now more efficient and scalable infrastructure to penetrate key markets and expand our western and northeastern footprints. We will take advantage of the decreasing costs of PV systems in contrast to the generally increasing cost of utility bills, which together work to expand our addressable market by making the environmental benefits of solar more economically compelling.

"We also recently welcomed Tony DiPaolo as our new CFO, and we believe his strong track record of improving results and supporting organizations through periods of change and rapid growth will help us continue to strengthen Real Goods Solar and build shareholder value."

DiPaolo commented: "I am excited to join the Real Goods Solar team, especially at this pivotal stage in its growth and development. The solar sector has been one of the fastest growing industries in the country and in many ways the journey to bring solar to the mainstream has only just begun. As one of the oldest and a pioneering firm in the solar energy, Real Goods Solar has a powerful history and legacy to build upon and make solar an increasing part of our nation's total energy mix."

Conference Call and Webcast

Real Goods Solar will hold a conference call to discuss its fourth quarter 2012 financial results on Tuesday, April 2, 2013 at 11:00 a.m. Eastern time. Management will host the presentation, followed by a question and answer period.

Date: Tuesday, April 2, 2013
Time: 11:00 a.m. Eastern time (9:00 a.m. Mountain time)
Dial-In Number: 1-877-941-4774
International: 1-480-629-9760
Conference ID#: 4611138
Webcast: http://public.viavid.com/index.php?id=104065

The conference call will be webcast live and available for replay via the investor relations section of the company's website at RealGoodsSolar.com. Supplemental earnings materials for the conference call are available in the investor relations section of the company's website.

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios Group at 1-949-574-3860.

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