earnings
confidence high
sentiment negative
materiality 0.75
SUNation Q1 revenue falls 43% to $7.2M; net loss $(1.20)/share; commercial revenue +15%
SUNation Energy, Inc.
2026-Q1 EPS reported
-$1.20
revenue$7,194,449
- Revenue $7.2M vs $12.6M YoY; gross margin 22% vs 35%; net loss $4.1M ($(1.20)/diluted share).
- Commercial revenue up 15% to $1.47M, partially offsetting residential decline post-25D expiration.
- Operating expenses down 10% to $5.9M; interest expense down 77% to $0.13M; total liabilities down $4.0M.
- Cash $1.7M at quarter end (down from $7.2M Dec 2025); used $5.2M in operating cash flow in Q1.
- Board approved strategic review; ATM program for up to $3.6M and debt conversion up to $1.2M.
item 2.02item 9.01