secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001628280-24-047599
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spruce Power Q3 net loss $53.5M; cuts 2024 EBITDA guidance to $57-62M
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- Revenue of $21.4M (down 8% YoY), net loss $53.5M, Operating EBITDA $17.7M.
- 2024 guidance cut: Operating EBITDA $57-62M (from $68-86M); Adjusted FCF ($12)-($7)M.
- Signed LOI to acquire ~10,000 home solar assets; expected close Q4 2024, portfolio to reach ~85,000.
- Cash $113.7M; debt $631M at 5.9%; $44.7M remains under share repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000162828024047599/0001628280-24-047599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000162828024047599/spru-20241113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-047599

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