Alternus Q2 revenue down 36% YoY to $3.9M, net loss $6.8M; secures $3-4M Hawaii microgrid deals

Alternus Clean Energy, Inc.

2024-Q2 EPS reported -$0.22 revenue$6,026,000

Q2 revenue $3.9M (down 36% YoY); net loss $6.8M vs $1.7M loss prior year.
Gross margin fell to 59% from 83% on lower Romanian power prices and asset sales.
Debt reduced $80M (40%) during H1 to ~$86M via non-strategic asset sale.
Restated Q1 results: $1.6M receivables reclassification, $0.8M capitalized interest adjustment.
Three new Hawaii microgrid projects valued $3-4M; installation expected Q4 2024.

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