Pineapple Energy Q2 revenue up 370% to $19.8M; positive adjusted EBITDA $319K

SUNation Energy, Inc.

2023-Q2 EPS reported -$0.41 revenue$41,901,716

Revenue $19.8M (+370% YoY); gross profit $7.1M (+691% YoY); operating expenses $8.6M (+122% YoY).
Net loss from continuing ops $0.3M ($0.03 loss per share) vs net income $1.7M in Q2 2022.
Adjusted EBITDA (pro forma) $319K positive; reaffirms FY 2023 revenue guidance $80-85M and positive adjusted EBITDA.
Backlog increased to $42M from $38M; battery attachment rate 43% vs 38% a year ago.
Closed $7.5M debt financing with Decathlon Capital Partners; sold legacy JDL/Ecessa assets.

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 the second quarter ended June 30, 2023 results: revenue $19,836,291, net income $(333,810), EPS ($0.03) per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $19,836,291
Net income: $(333,810)
EPS: ($0.03) per diluted share
Result: reported results

Exact text from the filing

JDL Technologies, Inc., and Ecessa Corporation completed Second Quarter 2023 GAAP Results from Continuing Operations 1 2 nd Quarter 2023 2 nd Quarter 2022 3 Revenue $19,836,291 $4,218,453 Gross Profit $7,136,934 $902,443 Operating Expense $8,552,254 $3,848,226 Operating Loss $(1,415,320) $(2,945,783) Other Income $1,078,616 $4,639,554 Net (Loss)

View on SEC.gov

Browse all earnings releases →

SUNation Energy, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-23-000364

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.