Via Renewables preliminary Q4 net loss $27.5M; full-year net income $11.2M; material weakness expected; 10-K delayed

Via Renewables, Inc.

Preliminary Q4 2022: Net Loss $(27.5)M, Adjusted EBITDA $12.6M, Retail Gross Margin $31.9M.
Full-year 2022: Net Income $11.2M, Adjusted EBITDA $51.8M, Gross Profit $103.4M, Retail Gross Margin $114.8M.
Expected average monthly attrition of 3.8% and total liquidity of $76.9M as of Dec 31, 2022.
Material weakness identified in controls over deferred tax assets/liabilities and income tax expense; immaterial corrections for 2021 and 2020.
Will file Form 12b-25 for late 10-K; expects to file within 15-day grace period and host conference call thereafter.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Via Renewables, Inc. reported the year ended December 31, 2022 results: net income Expected $11.2 million in Net Income.

Period: the year ended December 31, 2022
Net income: Expected $11.2 million in Net Income
Result: preliminary results

Exact text from the filing

Via Renewables, Inc. Reports Preliminary Fourth Quarter and Full Year 2022 Financial Results

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Via Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-003048

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