---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-025257"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T21:52:17.078751+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-025257
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000121390022025257/0001213900-22-025257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390022025257/ea159686-8k_xlfleetcorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-025257
- JSON: https://secwatch.observer/filing/0001213900-22-025257.json
- Plain text: https://secwatch.observer/filing/0001213900-22-025257.txt

## Key facts
- Executive change
  Stacey Constas was appointed as General Counsel at SPRUCE POWER HOLDING CORP.
  - Action: appointed
  - Role: General Counsel
  source text: The Board has appointed Stacey Constas, formerly Associate General Counsel, as General Counsel, effective May 15, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390022025257/0001213900-22-025257-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390022025257/0001213900-22-025257-index.htm

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