SunPower closes Ambia Energy acquisition; FY2024 rev $54.3M, net loss $6.3M

SunPower Inc.

Acquisition of residential solar installer Ambia Energy closed Nov 21, 2025; Ambia now wholly-owned subsidiary.
8-K/A provides audited FY2024 financials: revenues $54.3M, gross profit $22.3M, net loss $6.3M.
Ambia had member's deficit of $7.0M at Dec 31, 2024; cash $1.0M, total assets $20.8M.
Unaudited financials for nine months ended Sep 30, 2025 and pro forma combined statements also filed.
Ambia's 2024 revenue heavily dependent on Lender A (64%) and Vendor A (58%).

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