secwatch.observer — SEC 8-K summary
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Issuer:     Zeo Energy Corp. (ZEO)
CIK:        0001865506
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0001213900-24-071126
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865506/000121390024071126/0001213900-24-071126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865506/000121390024071126/ea0211662-8k_zeoene.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-071126

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