earnings
confidence high
sentiment neutral
materiality 0.70
SUNation Energy Q1 net loss $3.5M, revenue down 4%; introduces FY2025 guidance
SUNation Energy, Inc.
2025-Q1 EPS reported
-$106.71
revenue$12,636,638
- Revenue $12.6M (-4% YoY); net loss $(3.5)M vs net income $1.2M (Q1 2024 had $3.4M other income).
- Adjusted EBITDA stable at $(1.5)M; SG&A down 9% and interest expense down 25% YoY.
- Total debt reduced 51% to $9.2M from $19.1M; cash rose to $1.4M from $0.8M at Dec 31, 2024.
- FY2025 guidance: sales $65-70M (+14-23% YoY) and Adjusted EBITDA $0.5-0.7M (vs loss in 2024).
- Commercial backlog rose >30% YoY; secured $20M securities purchase agreement and eliminated $12.6M secured debt.