{"schema_version":"secwatch.filing_event.v1","accession":"0000897101-24-000166","form_type":"8-K","ticker":"SUNE","cik":"0000022701","company_name":"SUNation Energy, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.470878+00:00","generated_at":"2026-06-02T07:21:36.978017+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Pineapple Energy Q1 revenue $13.2M (-40% YoY); adj. EBITDA loss $1.5M; net loss to common $10.1M","bullets":["Revenue $13.2M, down 40% YoY; gross profit $4.8M, down 40% YoY.","Operating loss $2.2M (+2% YoY); net income $1.2M but net loss attributable to common shareholders $10.1M due to $11.3M deemed dividends.","Adjusted EBITDA loss $1.5M vs prior year positive $0.4M; CEO cites toughest operating conditions since going public.","Residential kW installed down 18% QoQ, kW sold down 7% QoQ; backlog fell to $30M from $36M at year-end 2023.","Cash and investments $3.3M, down from $7.6M a year ago; includes $1.5M restricted for contingent value rights."],"urls":{"canonical":"https://secwatch.observer/filing/0000897101-24-000166","json":"https://secwatch.observer/filing/0000897101-24-000166.json","markdown":"https://secwatch.observer/filing/0000897101-24-000166.md","text":"https://secwatch.observer/filing/0000897101-24-000166.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/22701/000089710124000166/0000897101-24-000166-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/22701/000089710124000166/pegy240526_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T07:21:36.978017+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"505e7eeff6dcd57c618f9d5d8b8d84f5220641ed","claim":"SUNation Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $13,219,197, net income $1,202,651, EPS ($0.26).","evidence_excerpt":"declined to $30M as of May 1, 2024, down from $36M as of December 31, 2023 First Quarter 2024 Results from Continuing Operations 1 1 st Quarter 2024 1 st Quarter 2023 Revenue $13,219,197 $22,065,424 Gross Profit $4,805,448 $8,006,315 Operating Expense $6,988,402 $10,155,841 Operating Loss $(2,182,954) ($2,149,526) Other Income (Expense) $3,391,767 ($444,414)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/22701/000089710124000166/0000897101-24-000166-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$13,219,197"},{"label":"Net income","value":"$1,202,651"},{"label":"EPS","value":"($0.26)"},{"label":"Result","value":"preliminary results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}