Spruce Power Q2 revenue $22.5M, net loss $8.6M; guidance maintained but trending lower

SPRUCE POWER HOLDING CORP

2024-Q2 EPS reported -$0.57 revenue$40,768,000

Q2 2024 revenue $22.5M (down from $22.8M YoY); net loss $8.6M; Operating EBITDA $14.4M.
Unrestricted cash $116.6M; total debt $640M at 5.9% blended rate; refinanced SP4 debt adding >$6M net cash.
FY2024 guidance maintained: Operating EBITDA $68-86M, Adjusted FCF $0-5M, but trending lower due to CEO severance ($1.9M) and proxy contest costs.
Owns ~75,000 home solar assets; no share buybacks in Q2; $44.7M repurchase authority remains.

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