secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001213900-22-025257
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000121390022025257/0001213900-22-025257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000121390022025257/ea159686-8k_xlfleetcorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-025257

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