XL Fleet reports Q1 revenue $4.8M, net loss $16.1M; GC resigns, new GC appointed

SPRUCE POWER HOLDING CORP

2022-Q1 EPS reported -$0.11 revenue$4,763,000

Revenue $4.8M vs $0.7M YoY; gross loss $0.4M, net loss $16.1M incl. $2.7M warrant gain.
Adjusted EBITDA -$10.8M, adjusted net loss -$11.4M; cash $333M vs $352M at Dec 31.
James Berklas resigns as GC effective May 15; Stacey Constas appointed as successor.
SG&A $11.7M includes $0.5M legal fees for class actions and SEC investigation.
Unveiled pre-series Curbtender Quantum all-electric refuse truck at WasteExpo.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Stacey Constas

General Counsel

SPRU · SPRUCE POWER HOLDING CORP

Effective: 2022-05-15
Filed: May 10, 2022, 7:59 PM ET

The Board has appointed Stacey Constas, formerly Associate General Counsel, as General Counsel, effective May 15, 2022.

Departed

James Berklas

General Counsel and Vice President of Corporate Development

SPRU · SPRUCE POWER HOLDING CORP

Effective: 2022-05-15
Successor: Stacey Constas
Filed: May 10, 2022, 7:59 PM ET

James Berklas, a named executive officer, has resigned from his position as the Company’s General Counsel and Vice President of Corporate Development to pursue other interests.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stacey Constas was appointed as General Counsel at SPRUCE POWER HOLDING CORP.

Action: appointed
Role: General Counsel

Exact text from the filing

The Board has appointed Stacey Constas, formerly Associate General Counsel, as General Counsel, effective May 15, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James Berklas resigned as General Counsel and Vice President of Corporate Development at SPRUCE POWER HOLDING CORP.

Action: resigned
Role: General Counsel and Vice President of Corporate Development

Exact text from the filing

James Berklas, a named executive officer, has resigned from his position as the Company’s General Counsel and Vice President of Corporate Development to pursue other interests.

View on SEC.gov

SPRUCE POWER HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001213900-22-025257

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.