Good day, ladies and gentlemen, and welcome to the Orion Energy’s Fiscal Third Quarter 2013 Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. As a reminder, this conference call is being recorded. I would like to introduce the host for today’s conference, Scott Jensen, Chief Financial Officer. Please go ahead.

Thank you, operator. Good afternoon, everyone, and thank you for joining us today for the Orion Energy Systems third quarter fiscal 2013 conference call. Once again, my name is Scott Jensen, Chief Financial Officer. With me on the call today is John Scribante, Chief Executive Officer. As a reminder, the earnings press release issued today once again includes a section that briefly discusses the supplemental information document that was posted to the company’s website. This supplemental information document provides additional details and analysis on Orion’s financial performance for the third quarter and year-to-date periods ended December 31, 2012. Additionally, John’s presentation today includes materials that are also posted to our website. I will now read the Safe Harbor statement. Our remarks that follow, including answers to your questions, include statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified as such because the context of such statements will include words, such as believe, anticipate, expect or words of similar import. Similarly, statements that describe future plans, objectives, or goals are also forward-looking statements. These forward-looking statements are subject to risks that could cause actual results to be materially different. Those risks include among others matters that we have described in our press release issued this afternoon and in our filings with the Securities and Exchange Commission. Except as described in these filings we disclaim any obligation to update these forward-looking statements, which may not be updated until our next quarterly conference call if at all. And now, I’d like to turn the call over to John Scribante, Chief Executive Officer of Orion Energy Systems.

Good afternoon, and thank you all for joining our call today. By most measures quarter three was a great quarter for Orion. Our performance was driven by the relentless execution of our strategy, the focuses on delivering financial results and building out our sales organization all the while developing our culture of employees as owners. This strategy is supported by our industry leading products, services and exceptional people. Our commitment to succeed is demonstrated in our Q3 results and has established an even stronger foundation for continued success into the future. And while we focus day-to-day on delivering strong results, we continue to explore strategic opportunities where we could use our resources for improved shareholder value. We successfully navigated through a management transition with no negative fallout from employees, customers or suppliers. And in fact, our people have risen to a new challenge and welcome the newfound focus and commitment. Turning to our results, we are very pleased to report both sales and earnings growth. For the third quarter, total revenues grew 6% year-over-year and up 50% from last quarter to $29 million. Our earnings per share returned to positive territory at $0.03 versus break-even last year and a loss of $0.46 in fiscal quarter two. And our cash from operations was off last year, primarily due to our unusually high solar collections and accounts payable aging. With cash, equity and total assets relatively unchanged, we were able to reduce our debt 9% compared to the prior quarter. And I believe these results directly reflect our renewed focus on our sales organization, operational efficiency and financial discipline. On our call in November you may recall, I discussed a few key initiatives to deliver sustainable improvement in our financial performance. We’ve made considerable progress, but there’s still more work to do.…

Thank you, John. Consistent with our prior earnings announcement we’ve provided a fair amount of content within the supplemental information document, which was posted to our website earlier this afternoon. Covering the third quarter and our year-to-date fiscal 2013 performance. Accordingly, I will not be walking you down the P&L on a line-by-line basis, but I do want to address some of the key areas. We’re very pleased with our results for the fiscal 2013 third quarter. Revenue of $29.1 million exceeded our prior year third quarter by 6%. Additionally, we experienced improved gross margin and positive indications that our cost containment initiatives are beginning to contribute to our operating margins. Our profit of $0.03 per diluted share for the third quarter was improved over our prior year’s breakeven third quarter. Revenue for the third quarter included $9.6 million or approximately 33% of our total revenue from solar project revenues through our Engineered Systems segment. We continue to see our solar order backlog progress through the construction stages. On the efficiency side our wholesale revenues accounted for 52% of total revenue during the quarter. This was down from the prior two quarter of 56% and 62% respectively. As John discussed earlier increasing our direct sales is a key part of our strategic initiatives moving forward bringing more profit to our bottom line. For the year-to-date fiscal 2013, our wholesale contribution is 56% of total efficiency revenues. And from a long term perspective, we are targeting growing our mix of direct efficiency revenues towards 60% of overall efficiency revenues as we build out our direct sales workforce. We did incur several unusual expenses during the third quarter. We continue to experience high legal expenses, which we do not consider part of our normal operations. For the third quarter, these legal expenses…

Thanks, Scott. To conclude we are very pleased with our fiscal third results which is starting to reflect the benefit of the initiatives we put into place. We have more work to do, but we’re in a much better position to drive profitable growth going forward than we were three months ago. We believe we have the right strategy and the right people in place to extend our leadership position. Finally, I’d just like to say that there is an incredible sense of energy around the company as we align our efforts with the same goal in mind and that is driving shareholder value. Thank you very much.

This concludes our prepared remarks. I would now like to turn the call over the operator for the question and answer portion of the call.

(Operator Instructions) Please hold for our first questions. This will end our Q&A session, I’ll turn the call back to John Scribante. Please go ahead.

Okay, well thank you very much for attending our Q3 conference call. We look forward to talking to you again at the end of our fiscal year coming in May. Have a great day.

Ladies and gentlemen, thanks for participating in today’s program. This concludes the program. You may all disconnect.