Via Renewables reports Q4 net loss $27.5M, full year net income $11.2M; discloses material weakness in tax controls

Via Renewables, Inc.

Q4 net loss $(27.5)M vs $(37.3)M loss in Q4 2021; adjusted EBITDA $12.6M vs $11.6M.
Full year net income $11.2M vs net loss $(5.4)M in 2021; adjusted EBITDA $51.8M vs $80.7M.
Retail gross margin Q4 $31.9M, full year $114.8M; gross profit full year $103.4M.
Material weakness in controls over deferred tax assets/liabilities and income tax expense; immaterial corrections for 2021 and 2020.
Dividend: $0.90625/common share (post reverse split) paid Mar 15; $0.71298/preferred share payable Apr 17.

item 2.02 item 9.01

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 $11.2 million.

Period: the year ended December 31, 2022
Net income: $11.2 million
Result: reported results

Exact text from the filing

Net Income for the year ended December 31, 2022, was $11.2 million

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Via Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-003819

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