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Complete financial analysis of Spruce Power Holding Corporation (SPRU) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Spruce Power Holding Corporation, a leading company in the Solar industry within the Energy sector.
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Spruce Power Holding Corporation (SPRU)
About Spruce Power Holding Corporation
XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles. In addition, the company offers vehicle electrification and infrastructure solutions, and charging stations. It serves end-use customer base comprising Fortune 500 corporate enterprises, public utilities, and various municipalities. The company was incorporated in 2009 and is headquartered in Boston, Massachusetts.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 79.86M | 23.19M | 15.60M | 20.34M | 7.22M | 9.55M |
| Cost of Revenue | 37.81M | 9.95M | 16.30M | 17.59M | 8.08M | 11.01M |
| Gross Profit | 42.05M | 13.25M | -696.00K | 2.74M | -860.00K | -1.47M |
| Gross Profit Ratio | 52.65% | 57.11% | -4.46% | 13.49% | -11.92% | -15.39% |
| Research & Development | 0.00 | 9.82M | 10.78M | 4.45M | 2.87M | 1.89M |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 56.12M | 73.12M | 47.44M | 13.59M | 9.84M | 9.33M |
| Other Expenses | 22.74M | 1.45M | 623.00K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 78.86M | 73.12M | 58.21M | 18.04M | 12.71M | 11.23M |
| Cost & Expenses | 116.68M | 83.07M | 74.51M | 35.63M | 20.78M | 22.24M |
| Interest Income | 19.53M | 4.51M | 39.00K | 6.37M | 1.91M | 208.00K |
| Interest Expense | 41.94M | 10.06M | 39.00K | 6.37M | 2.15M | 0.00 |
| Depreciation & Amortization | 21.59M | 7.50M | 653.00K | 622.00K | 319.00K | 260.00K |
| EBITDA | 5.87M | -35.12M | 53.29M | -53.61M | -13.32M | -12.44M |
| EBITDA Ratio | 7.35% | -251.90% | -373.61% | -75.20% | -183.65% | -130.28% |
| Operating Income | -36.82M | -59.87M | -58.91M | -15.29M | -13.57M | -12.70M |
| Operating Income Ratio | -46.10% | -258.14% | -377.60% | -75.20% | -188.07% | -133.00% |
| Total Other Income/Expenses | -25.67M | 7.19M | 87.70M | -45.31M | -1.33M | -208.00K |
| Income Before Tax | -62.49M | -52.68M | 28.79M | -25.59M | -14.90M | -12.90M |
| Income Before Tax Ratio | -78.25% | -227.12% | 184.55% | -125.83% | -206.53% | -135.18% |
| Income Tax Expense | 0.00 | -6.42M | -1.09M | 5.75M | 2.15M | 0.00 |
| Net Income | -65.83M | -46.26M | 28.79M | -31.34M | -17.05M | -12.90M |
| Net Income Ratio | -82.43% | -199.44% | 184.55% | -154.09% | -236.34% | -135.18% |
| EPS | -3.58 | -2.59 | 1.66 | -2.96 | -4.89 | -10.07 |
| EPS Diluted | -3.58 | -2.59 | 1.66 | -2.96 | -4.89 | -10.07 |
| Weighted Avg Shares Out | 18.39M | 17.84M | 17.31M | 10.57M | 3.49M | 1.28M |
| Weighted Avg Shares Out (Dil) | 18.39M | 17.84M | 18.56M | 10.57M | 3.49M | 1.28M |
Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy Ventures, Adding Nearly 9,800 Customers in New Jersey
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced the acquisition of a residential solar portfolio from NJR Clean Energy Ventures (“CEV”), a subsidiary of New Jersey Resources Corporation (NYSE: NJR), for $132.5 million. The acquisition...
NJR Clean Energy Ventures Announces Sale of Residential Solar Business
WALL, N.J.--(BUSINESS WIRE)--NJR Clean Energy Ventures (CEV), a clean energy subsidiary of New Jersey Resources (NYSE: NJR), today announced the sale of its 91 megawatt (MW) residential solar portfolio, to Spruce Power Holding Corporation (NYSE: SPRU) for a total of...
Spruce Power Holding Corporation (SPRU) Q3 2024 Earnings Call Transcript
Spruce Power Holding Corporation (NYSE:SPRU ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Bronson Fleig - Head, IR Chris Hayes - CEO Sarah Wells - CFO Conference Call Participants Peter Gastreich - Water Tower...
Spruce Power Holding Corporation (SPRU) Q2 2024 Earnings Call Transcript
Spruce Power Holding Corporation (NYSE:SPRU ) Q2 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Bronson Fleig - Head, IR Chris Hayes - CEO Sarah Wells - CFO Conference Call Participants Shawn Severson - Water Tower...
Spruce Power to Release Second Quarter 2024 Results and Host Conference Call on August 14
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report second quarter 2024 financial results after the stock market close on Wednesday,...
Spruce Power Welcomes its Newest Leadership Addition: Clean Energy Executive and Entrepreneur, Richard DiMatteo
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced the addition of Richard DiMatteo as Senior Vice President, Head of Spruce Pro....
Spruce Power Announces New Director
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announced today that it has appointed Clara Nagy McBane to serve as a new member...
Spruce Power Holding Corporation (SPRU) Q1 2024 Earnings Call Transcript
Spruce Power Holding Corporation (NYSE:SPRU ) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Bronson Fleig - Head, IR Chris Hayes - CEO Sarah Wells - CFO Conference Call Participants Peter Gastreich - Water Tower...
Spruce Power Reports First Quarter 2024 Results
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the quarter ended March 31, 2024. Business Highlights Reported 1Q...
Spruce Power Announces Notice of Pendency and Proposed Settlement of Stockholder Derivative Matters
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) has released the following notice according to THE UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS: THE UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS VAL KAY, Derivatively on Behalf of Nominal Defendant XL...
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