XL Fleet posts Q3 revenue of $8.4M; completes Spruce Power acquisition; to rename to Spruce Power

SPRUCE POWER HOLDING CORP

2022-Q3 EPS reported -$0.36 revenue$16,133,000

Total revenue $8.4M in Q3 2022 vs $3.2M in Q3 2021, including $5.1M partial-quarter from Spruce Power.
Net loss $19.6M in Q3 2022 vs $7.5M in Q3 2021; adjusted net loss $4.2M vs $14.7M in Q3 2021.
Completed acquisition of Spruce Power on Sept 9, 2022; exit cash $239.5M unrestricted.
Over 51,000 customers; PV5 gross customer value $821M; exercised options to buy out six portfolios for $7.7M.
Name change to Spruce Power Holding Corporation, ticker to SPRU, effective Nov 14, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

SPRUCE POWER HOLDING CORP reported third quarter of 2022 results: revenue $8.4 million, net income $19.6 million.

Period: third quarter of 2022
Revenue: $8.4 million
Net income: $19.6 million
Result: preliminary results

Exact text from the filing

Quarter 2022 and Recent Highlights ● Completed transformational acquisition of Spruce Power, a leader in residential solar, on September 9, 2022 ● Reported total revenue of $8.4 million in 3Q22, including $5.1 million of partial-quarter contribution from Spruce Power ● Exited 3Q22 with more than 51,000 customers; combined portfolio generated 134 million MWh of

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

SPRUCE POWER HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001213900-22-070592

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.