Pineapple Energy Q3 revenue up 211% YoY; net loss narrows, cash flow positive

SUNation Energy, Inc.

2023-Q3 EPS reported -$0.65 vs consensus -$12240.00 ▲ beat (+100.0%)

Revenue $18.3M (+211% YoY); net loss $2.3M ($0.23/share) improved from $2.5M loss in Q3 2022.
Gross profit $7.0M (+401% YoY) on margin expansion; operating expenses $8.6M (+125%).
Positive cash flow from operations $869,851; pro forma adjusted EBITDA $336,297 vs negative $602k YoY.
Backlog $41M (up from $38M Q2); residential installations +10%, sales +14% sequentially.
Guidance reaffirmed: FY 2023 revenue $80-85M, positive adjusted EBITDA.

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 0.95

SUNation Energy, Inc. updated its the third quarter ended September 30, 2023 guidance (reaffirmed).

Period: the third quarter ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 9, 2023, Pineapple Energy Inc. (the “Company”) issued a press release reporting select financial results for the quarter ended September 30, 2023. A copy of the press release is attached as Exhibit 99.1 and the information set forth therein is incorporated herein by reference and constitutes a part of this report.

View on SEC.gov

Browse all earnings releases →

SUNation Energy, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-23-000485

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.