SPRUCE POWER HOLDING CORP
For the period ended Dec 31, 2023. Filed Apr 9, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 9, 2024
SPRU$1.51-7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1B.
| Years Ended December 31, | ||
|---|---|---|
| (In thousands, except per share and share amounts) | 2023 | 2022 |
| Revenues | $79,859 | $23,194 |
| Operating expenses: | ||
| Cost of revenues | 37,813 | 9,949 |
| Selling, general and administrative expenses | 56,122 | 73,118 |
| Litigation settlements, net | 27,465 | — |
| Gain on asset disposal | (4,724) | (580) |
| Total operating expenses | 116,676 | 82,487 |
| Loss from operations | (36,817) | (59,293) |
| Other (income) expense: | ||
| Interest income | (19,534) | (1,339) |
| Interest expense, net | 41,936 | 11,401 |
| Gain on extinguishment of debt | — | (4,527) |
| Change in fair value of obligation to issue shares of common stock to sellers of World Energy | — | (535) |
| Change in fair value of warrant liabilities | (239) | (5,148) |
| Change in fair value of interest rate swaps | 4,816 | (5,554) |
| Other income, net | (1,309) | (912) |
| Net loss from continuing operations | (62,487) | (52,679) |
| Net loss from discontinued operations (including loss on disposal of $3,083 for the year ended December 31, 2023) | (4,123) | (40,112) |
| Net loss | (66,610) | (92,791) |
| Less: Net income (loss) attributable to redeemable noncontrolling interests and noncontrolling interests | (779) | 1,140 |
| Net loss attributable to stockholders | $(65,831) | $(93,931) |
| Net loss from continuing operations per share, basic and diluted | $(3.40) | $(2.95) |
| Net loss from discontinued operations per share, basic and diluted | $(0.22) | $(2.25) |
| Net loss attributable to stockholders per share, basic and diluted | $(3.58) | $(5.27) |
| Weighted-average shares outstanding, basic and diluted | 18,391,436 | 17,836,500 |
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