---
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"
generated_at: "2026-06-02T07:21:36.978017+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pineapple Energy Q1 revenue $13.2M (-40% YoY); adj. EBITDA loss $1.5M; net loss to common $10.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-24-000166
- JSON: https://secwatch.observer/filing/0000897101-24-000166.json
- Plain text: https://secwatch.observer/filing/0000897101-24-000166.txt

## Key facts
- Earnings Releases
  SUNation Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $13,219,197, net income $1,202,651, EPS ($0.26).
  - Period: the first quarter ended March 31, 2024
  - Revenue: $13,219,197
  - Net income: $1,202,651
  - EPS: ($0.26)
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/22701/000089710124000166/0000897101-24-000166-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.