secwatch.observer — SEC 8-K summary
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Issuer:     SUNation Energy, Inc. (SUNE)
CIK:        0000022701
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0000897101-24-000121
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pineapple Energy Q4 revenue up 13% to $19.4M; net loss narrows to $1.7M; full-year adjusted EBITDA positive $1.2M
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- Q4 2023 revenue $19.4M (+13% YoY); gross profit $5.5M (+10% YoY); operating loss $2.3M, improved 34% from Q4 2022.
- Net loss from continuing ops $1.7M ($0.16 per share) vs $17.4M ($2.58) in Q4 2022; full year net loss $6.9M vs $20.1M.
- Pro forma adjusted EBITDA of $0.2M in Q4 and $1.2M for full year 2023, both positive vs negative in 2022.
- Residential kW installed down 17% YoY in Q4; battery attachment rate rose to 38% from 28%; backlog $36M.
- Cash and restricted cash $5.4M at Dec 31, 2023, down from $7.9M a year earlier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22701/000089710124000121/0000897101-24-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22701/000089710124000121/pegy240333_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-24-000121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer