Spruce Power Q4 revenue $18.1M, net loss $43.2M; acquires SEMTH portfolio (~22,500 customers)

SPRUCE POWER HOLDING CORP

Revenue $18.1M in Q4 2022 vs $5.1M prior quarter (first full quarter post-acquisition).
Net loss $43.2M: continuing ops loss $27.7M, discontinued ops loss $14.7M.
Adjusted EBITDA $3.5M in Q4 vs ($8.3M) in Q3 2022.
Acquired SEMTH Portfolio: ~22,500 residential solar customers with ~$21M annual recurring collections.
Legal fees of $3.8M in Q4 related to class action complaints and SEC investigation.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SPRUCE POWER HOLDING CORP reported the quarter and full year ended December 31, 2022 results: revenue $18.1 million, net income $43.2 million.

Period: the quarter and full year ended December 31, 2022
Revenue: $18.1 million
Net income: $43.2 million
Result: reported results

Exact text from the filing

in annual Adjusted EBITDA, and today announced the acquisition of the SEMTH Portfolio, adding approximately 22,500 residential solar customers ● Reported total revenue of $18.1 million in 4Q2022, reflecting the first full quarter contribution of Spruce Power ● Exited 4Q22 with approximately 51,000 customers and PV6 Gross Earning Assets of $739mm ● Christian

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 0001213900-23-022436

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.