---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-011262"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T21:21:49.857152+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Spruce Power Q4 revenue $15.7M, net loss $30.4M; initiates 2024 guidance

## Summary
- Q4 revenue $15.7M vs $18.1M YoY; core operating expenses fell to $17.9M from $31.3M.
- Net loss attributable to stockholders $30.4M; Operating EBITDA $9.9M.
- Added ~25K customer contracts in 2023, ending with over 75K home solar assets and contracts.
- 2024 guidance: Operating EBITDA $68-86M, Adjusted Free Cash Flow $0-5M.
- Legacy XL Fleet settlements: SEC $11M paid, class action $15M paid, ~$1.8M accrued for three other lawsuits.

## SEC filing metadata
- accession: 0001628280-24-011262
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000162828024011262/0001628280-24-011262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000162828024011262/spru-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-011262
- JSON: https://secwatch.observer/filing/0001628280-24-011262.json
- Plain text: https://secwatch.observer/filing/0001628280-24-011262.txt

## Key facts
- Earnings Releases
  SPRUCE POWER HOLDING CORP reported the fourth quarter and year ended December 31, 2023 results: revenue $15.7 million, net income $30.4 million. Guidance initiated.
  - Period: the fourth quarter and year ended December 31, 2023
  - Revenue: $15.7 million
  - Net income: $30.4 million
  - Guidance: initiated
  - Result: reported results
  source text: Revenues totaled $15.7 million for the fourth quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000162828024011262/0001628280-24-011262-index.htm
- Earnings Releases
  SPRUCE POWER HOLDING CORP updated its 2024 guidance (initiated).
  - Period: 2024
  - Guidance: initiated
  - Result: guidance update
  source text: Initiated 2024 Operating EBITDA guidance between $68 - $86 million and 2024 Adjusted Free Cash Flow guidance between $0 - $5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000162828024011262/0001628280-24-011262-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.