secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001213900-23-022436
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000121390023022436/0001213900-23-022436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000121390023022436/ea175660-8k_sprucepower.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-022436

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