secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001628280-24-023549
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spruce Power Q1 revenue $18.3M, net loss $2.5M; reaffirms 2024 guidance
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- Revenue of $18.3M, up from $18.1M YoY; Operating EBITDA of $10.7M.
- Net loss attributable to stockholders of $2.5M; unrestricted cash $120.6M.
- Appointed Chris Hayes as CEO; launched Spruce Pro servicing platform.
- Reaffirms 2024 Operating EBITDA $68-$86M and Adjusted Free Cash Flow $0-$5M.
- Paid $15.0M net in Q1 to settle securities class action; derivative settlement pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000162828024023549/0001628280-24-023549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000162828024023549/spru-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023549

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer