secwatch.observer — SEC 8-K summary
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Issuer:     SUNation Energy, Inc. (SUNE)
CIK:        0000022701
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0000897101-23-000203
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22701/000089710123000203/0000897101-23-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22701/000089710123000203/pegy230575_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-23-000203

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