May 16, 2017
The Company is a premier designer and manufacturer of off- grid solar modules, rugged portable and recreational vehicle solar energy products. The Company has created a niche in providing high-quality and easy-to-install kits that charge or maintain any traditional 12-volt battery bank or rechargeable lithium-ion battery energy storage solutions in the RV, marine, industrial, automotive, mobility and off-grid markets. Untapped markets for the Company’s products are heavy equipment such as construction, agricultural, lawn and garden, marine, stand by generators, trucking, oil and gas, military, municipalities and schools.
The Company holds supply agreements with leading RV manufacturers and sells to a base of 250 customers that include distributors, dealers, retailers and OEMs. The Company’s branded solar kits are increasingly being installed in new RVs, and the Company is experiencing a growing rate of repeat business from new RV owners driving off lots with the Company’s factory installed equipment.
Sales grew 73.2% in 2016 achieving approximately $9.2 million. For 2017, sales are expected reach $9.8 million with over $1.9 million in adjusted EBITDA.
The Company also operates an ecommerce store which sells seconds, slightly imperfect products, and products that aren’t widely carried through the distribution channel. The site offers RV kits, off-grid cabin kits, solar battery maintainers, solar accessories and other equipment.
Est. 2017 Revenue: $9.8 million
Est. 2017 Adj. EBITDA: $1.9 million