Financial Snapshot

Revenue
$77.85M
TTM
Gross Margin
46.91%
TTM
Net Earnings
-$94.75M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
275.45%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$151.6M
Q3 2024
Cash
Q3 2024
P/E
-0.6028
Nov 29, 2024 EST
Free Cash Flow
-$46.49M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $79.86M $23.19M $15.60M $20.34M $7.220M
YoY Change 244.31% 48.68% -23.3% 181.72%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $79.86M $23.19M $15.60M $20.34M $7.220M
Cost Of Revenue $37.81M $9.950M $16.30M $17.59M $8.080M
Gross Profit $42.05M $13.25M -$696.0K $2.740M -$860.0K
Gross Profit Margin 52.65% 57.13% -4.46% 13.47% -11.91%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $56.12M $73.12M $47.44M $13.59M $9.840M
YoY Change -23.24% 54.14% 249.04% 38.11%
% of Gross Profit 133.48% 551.83% 495.99%
Research & Development $10.78M $4.450M $2.870M
YoY Change 142.13% 55.05%
% of Gross Profit 162.41%
Depreciation & Amortization $21.59M $6.420M $1.756M $620.0K $320.0K
YoY Change 236.23% 265.6% 183.23% 93.75%
% of Gross Profit 51.34% 48.45% 22.63%
Operating Expenses $56.12M $83.07M $58.21M $18.04M $12.70M
YoY Change -32.44% 42.7% 222.67% 42.05%
Operating Profit -$36.82M -$59.87M -$58.91M -$15.30M -$13.56M
YoY Change -38.51% 1.64% 285.01% 12.83%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $41.94M -$4.510M $90.10M -$44.27M -$1.330M
YoY Change -1029.84% -105.01% -303.52% 3228.57%
% of Operating Profit
Other Income/Expense, Net $1.548M $6.600M $623.0K -$35.02M
YoY Change -76.55% 959.39% -101.78%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$62.49M -$52.68M $28.79M -$60.61M -$14.90M
YoY Change 18.62% -282.98% -147.5% 306.78%
Income Tax
% Of Pretax Income
Net Earnings -$65.83M -$93.93M $28.79M -$60.61M -$14.90M
YoY Change -29.92% -426.26% -147.5% 306.78%
Net Earnings / Revenue -82.43% -404.98% 184.55% -297.98% -206.37%
Basic Earnings Per Share -$3.58 -$0.66 $0.21
Diluted Earnings Per Share -$3.58 -$0.66 $193.9K -$716.7K -$186.7K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $141.4M $220.3M $351.7M $329.6M $3.400M
YoY Change -35.84% -37.36% 6.7% 9594.12%
Cash & Equivalents $141.4M $220.3M $351.7M $329.6M $3.400M
Short-Term Investments
Other Short-Term Assets $52.80M $46.30M $1.190M $1.600M $300.0K
YoY Change 14.04% 3790.76% -25.62% 433.33%
Inventory $15.26M $3.600M $2.200M
Prepaid Expenses
Receivables $9.188M $8.300M $6.477M $10.60M $1.200M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $203.3M $275.0M $374.6M $345.3M $7.100M
YoY Change -26.06% -26.59% 8.49% 4763.38%
Property, Plant & Equipment $490.3M $399.0M $8.059M $600.0K $800.0K
YoY Change 22.89% 4850.99% 1243.17% -25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $143.1M $231.9M
YoY Change
Other Assets $19.29M $24.10M $88.00K $0.00 $0.00
YoY Change -19.95% 27286.36%
Total Long-Term Assets $691.7M $551.6M $18.62M $1.700M $2.100M
YoY Change 25.4% 2863.04% 995.06% -19.05%
Total Assets $895.0M $826.6M $393.2M $347.0M $9.200M
YoY Change
Accounts Payable $1.120M $2.900M $3.799M $4.400M $500.0K
YoY Change -61.38% -23.66% -13.66% 780.0%
Accrued Expenses $41.80M $22.30M $9.924M $4.400M $2.500M
YoY Change 87.44% 124.71% 125.55% 76.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $9.100M
YoY Change -100.0%
Long-Term Debt Due $27.91M $25.40M $527.0K $100.0K $1.400M
YoY Change 9.9% 4719.73% 427.0% -92.86%
Total Short-Term Liabilities $71.71M $59.70M $16.63M $9.100M $15.50M
YoY Change 20.12% 258.93% 82.78% -41.29%
Long-Term Debt $590.9M $474.5M $564.0K $100.0K $1.800M
YoY Change 24.52% 84031.21% 464.0% -94.44%
Other Long-Term Liabilities $17.77M $3.400M $14.21M $148.9M $5.600M
YoY Change 422.76% -76.08% -90.45% 2558.93%
Total Long-Term Liabilities $608.6M $477.9M $14.78M $149.0M $7.400M
YoY Change 27.36% 3133.86% -90.08% 1913.51%
Total Liabilities $682.7M $546.6M $31.41M $158.1M $22.90M
YoY Change 24.9% 1640.15% -80.13% 590.39%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 18.39M shares 142.7M shares 138.5M shares
Diluted Shares Outstanding 18.39M shares 142.7M shares 148.5M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $57.11 Million

About SPRUCE POWER HOLDING CORP

Spruce Power Holding Corp. engages in the ownership and operation of distributed solar energy assets. The company is headquartered in Denver, Colorado and currently employs 142 full-time employees. The company went IPO on 2019-07-16. The firm offers subscription-based services to approximately 75,000 home solar assets and customer contracts, making renewable energy more accessible to everyone. The firm is engaged in the ownership and maintenance of home solar energy systems for homeowners in the United States. The firm provides clean, solar energy typically at savings compared to traditional utility energy. Its business offers services which include asset management services and operating and maintenance services for home solar energy systems. In addition to providing management services to its portfolio, it also provides portfolio management services through its Spruce Pro platform to approximately 5,000 systems owned by other companies, which include billing and collections, account management services, financial reporting, homeowner support and maintenance monitoring and dispatch.

Industry: Electric Services Peers: Cooper-Standard Holdings Inc. Holley Inc. Charging Robotics Inc. MOTORCAR PARTS OF AMERICA INC REE Automotive Ltd. STONERIDGE INC STANDARD MOTOR PRODUCTS, INC. SUPERIOR INDUSTRIES INTERNATIONAL INC