Zeo Energy Q2 revenue down 51% to $14.7M, net loss of $1.3M; appoints Cannon Holbrook as CFO

Zeo Energy Corp.

2024-Q2 EPS reported -$0.36 revenue$34,575,616

Q2 2024 revenue $14.7M, down 51% from $30.1M in Q2 2023; net loss $1.3M vs net income $0.8M.
Adjusted EBITDA $0.7M (4.6% margin) compared to $1.3M (4.4% margin) in prior year.
Six months 2024 revenue $34.6M, down 29% YoY; net loss $3.2M; adjusted EBITDA loss $0.1M.
Appointed Cannon Holbrook as CFO; base salary $225k plus equity grants (15k shares immediate, 75k at 12/24/35 months).
Gross margin improved to 29.8% from 18.7% due to operational efficiencies and cost reductions.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Cannon Holbrook

Chief Financial Officer

ZEO · Zeo Energy Corp.

Effective: 2024-08-19
Filed: August 20, 2024, 7:59 PM ET

the Company announced the appointment of Cannon Holbrook as Chief Financial Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Cannon Holbrook was appointed as Chief Financial Officer at Zeo Energy Corp..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Company announced the appointment of Cannon Holbrook as Chief Financial Officer

View on SEC.gov

Zeo Energy Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-071126

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.