Pineapple Energy Q1 revenue $22.1M, up 28% sequentially; positive adjusted EBITDA on pro forma basis

SUNation Energy, Inc.

2023-Q1 EPS reported -$0.26 revenue$22,065,424

Revenue $22.1M, gross profit $8.0M; net loss $2.6M ($0.26 diluted loss per share).
Pro forma adjusted EBITDA positive at $372,802 vs negative $880,910 year ago.
Cash and restricted cash $7.6M; $4.2M restricted for contingent value rights.
kW sold +60%, kW installed +52% vs pro forma Q1 2022; battery attachment rate 40%.
Company achieved positive operating cash flow from continuing operations ahead of forecast.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SUNation Energy, Inc. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 11, 2023, Pineapple Energy Inc. (the “Company”) issued a press release reporting select financial results for the quarter ended March 31, 2023.

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SUNation Energy, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-23-000203

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