Signify Beats Results in 1Q

The transcript discusses the execution of a strategic plan leading to financial growth, focusing on connected lighting and profitability. It highlights the early investment in UV-C lamps, addressing market competition and COVID-19. The discussion shifts to green initiatives in Europe and the US, emphasizing low-carbon technology and investment opportunities. Finally, it covers the cannabis lighting business, considering legal aspects and market potential.

What was the increase in the number of connected light points from the previous quarter to Q1 2021?

• From 77 million to 83 million

• From 78 million to 84 million

• From 70 million to 80 million

• From 75 million to 85 million

How much did the company's operating profitability improve by in Q1 2021?

• 280 basis points

• 300 basis points

• 290 basis points

• 310 basis points

What new product did the company launch in Q1 for consumers?

• A 15-liter disinfection box

• A 10-liter disinfection box

• A 20-liter disinfection box

• A 5-liter disinfection box

What is the estimated investment in low carbon technology in Europe?

• 2.3 trillion

• 2.0 trillion

• 1.8 trillion

• 1.5 trillion

How much investment is expected to be dedicated to lighting in the US over the next 20 years?

• 2.3 to 3 billion

• 3.3 to 4 billion

• 4.3 to 5 billion

• 5.3 to 6 billion

What is the company's approach to the cannabis lighting business?

• They operate only in states where it is legal

• They avoid the cannabis market entirely

• They operate nationwide regardless of legality

• They focus solely on cannabis lighting

In which market is the company already selling lamps for horticulture?

• Texas

• New York

• California

• Florida