2024 Q4 Form 10-Q Financial Statement

#000162828024047866 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $21.38M $23.25M
YoY Change -8.05% 178.11%
Cost Of Revenue $9.657M $9.810M
YoY Change -1.56% 109.62%
Gross Profit $11.72M $13.44M
YoY Change -12.79% 265.22%
Gross Profit Margin 54.83% 57.81%
Selling, General & Admin $13.52M $12.39M
YoY Change 9.12% -57.77%
% of Gross Profit 115.36% 92.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.233M $5.560M
YoY Change -5.88% 225.15%
% of Gross Profit 44.65% 41.37%
Operating Expenses $13.52M $12.39M
YoY Change 9.12% -65.93%
Operating Profit -$37.16M -$24.52M
YoY Change 51.56% -12.46%
Interest Expense -$16.43M $5.120M
YoY Change -420.9% -20.12%
% of Operating Profit
Other Income/Expense, Net $39.00K $430.0K
YoY Change -90.93% -44.87%
Pretax Income -$53.55M -$18.96M
YoY Change 182.44% -12.18%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$53.53M -$19.31M
YoY Change 177.17% -12.23%
Net Earnings / Revenue -250.39% -83.07%
Basic Earnings Per Share -$2.88 -$1.11
Diluted Earnings Per Share -$2.88 -$1.11
COMMON SHARES
Basic Shares Outstanding 18.60M shares 18.56M shares 147.2M shares
Diluted Shares Outstanding 18.57M shares 17.35M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.7M $154.2M
YoY Change -26.29% -35.62%
Cash & Equivalents $113.7M $154.2M
Short-Term Investments
Other Short-Term Assets $47.83M $61.80M
YoY Change -22.61% 37.03%
Inventory
Prepaid Expenses
Receivables $11.52M $12.57M
Other Receivables $0.00 $0.00
Total Short-Term Assets $173.0M $228.6M
YoY Change -24.31% -27.62%
LONG-TERM ASSETS
Property, Plant & Equipment $464.7M $488.4M
YoY Change -4.85% 20.77%
Goodwill $0.00 $28.76M
YoY Change -100.0% -81.87%
Intangibles $9.267M $10.26M
YoY Change -9.7%
Long-Term Investments $138.3M $145.7M
YoY Change -5.05%
Other Assets $255.0K $257.0K
YoY Change -0.78% -44.85%
Total Long-Term Assets $633.8M $711.5M
YoY Change -10.93% 18.23%
TOTAL ASSETS
Total Short-Term Assets $173.0M $228.6M
Total Long-Term Assets $633.8M $711.5M
Total Assets $806.8M $940.1M
YoY Change -14.18% 2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $858.0K $1.237M
YoY Change -30.64% -81.82%
Accrued Expenses $31.81M $52.70M
YoY Change -39.64% 99.62%
Deferred Revenue $1.686M $108.0K
YoY Change 1461.11%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $28.35M $27.72M
YoY Change 2.28% 9.39%
Total Short-Term Liabilities $62.81M $81.76M
YoY Change -23.18% 39.26%
LONG-TERM LIABILITIES
Long-Term Debt $577.0M $599.6M
YoY Change -3.77% 23.62%
Other Long-Term Liabilities $3.219M $113.0K
YoY Change 2748.67% 1030.0%
Total Long-Term Liabilities $580.2M $599.7M
YoY Change -3.25% 23.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.81M $81.76M
Total Long-Term Liabilities $580.2M $599.7M
Total Liabilities $655.1M $696.0M
YoY Change -5.87% 25.96%
SHAREHOLDERS EQUITY
Retained Earnings -$322.4M -$227.7M
YoY Change 41.61% 51.61%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $149.5M $241.7M
YoY Change
Total Liabilities & Shareholders Equity $806.8M $940.1M
YoY Change -14.18% 2.45%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$53.53M -$19.31M
YoY Change 177.17% -12.23%
Depreciation, Depletion And Amortization $5.233M $5.560M
YoY Change -5.88% 225.15%
Cash From Operating Activities -$1.051M $2.350M
YoY Change -144.72% -114.57%
INVESTING ACTIVITIES
Capital Expenditures $32.00K $170.0K
YoY Change -81.18% -34.62%
Acquisitions
YoY Change
Other Investing Activities $9.943M -$10.41M
YoY Change -195.51% -67.48%
Cash From Investing Activities $9.911M -$10.56M
YoY Change -193.85% -67.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.088M 8.840M
YoY Change -202.81% -456.45%
NET CHANGE
Cash From Operating Activities -1.051M 2.350M
Cash From Investing Activities 9.911M -10.56M
Cash From Financing Activities -9.088M 8.840M
Net Change In Cash -228.0K 630.0K
YoY Change -136.19% -101.24%
FREE CASH FLOW
Cash From Operating Activities -$1.051M $2.350M
Capital Expenditures $32.00K $170.0K
Free Cash Flow -$1.083M $2.180M
YoY Change -149.68% -113.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Entity Central Index Key
EntityCentralIndexKey
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Amendment Flag
AmendmentFlag
false
dei Document Quarterly Report
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true
dei Document Transition Report
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false
dei Entity Registrant Name
EntityRegistrantName
Spruce Power Holding Corporation
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Address Address Line1
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2000 S Colorado Blvd, Suite 2-825
dei Entity Address City Or Town
EntityAddressCityOrTown
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dei Entity Address State Or Province
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dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
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dei City Area Code
CityAreaCode
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dei Local Phone Number
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dei Security12b Title
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dei Trading Symbol
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dei Security Exchange Name
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dei Entity Current Reporting Status
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dei Entity Interactive Data Current
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dei Entity Filer Category
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dei Entity Small Business
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CY2023Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
773000 usd
CY2024Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28757000 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28757000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Costs And Expenses
CostsAndExpenses
105833000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-28306000 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
8255000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
16908000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
13846000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
11367000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
11192000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
29900000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
30815000 usd
CY2023Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 usd
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
3083000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-2.88
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.88
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.09
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.09
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-3.51
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-3.51
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.78
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.78
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.24
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.24
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.88
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.88
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.11
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.97
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18566015 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18566015 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17351796 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17351796 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18438375 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18438375 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18072115 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18072115 shares
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
214669000 usd
CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
76000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
821000 usd
CY2024Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-2450000 usd
CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
64000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
236000 usd
CY2024Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-8573000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
204563000 usd
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
75000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
702000 usd
CY2024Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-53554000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
85000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
288891000 usd
CY2023Q1 spru Temporary Equity Fair Value Adjustment For Acquisition
TemporaryEquityFairValueAdjustmentForAcquisition
240000 usd
CY2023Q1 spru Adjustments To Additional Paid In Capital Fair Value Adjustment For Acquisition
AdjustmentsToAdditionalPaidInCapitalFairValueAdjustmentForAcquisition
-7303000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
283000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
150000 usd
CY2023Q1 spru Temporary Equity Capital Distributions To Noncontrolling Interests
TemporaryEquityCapitalDistributionsToNoncontrollingInterests
108000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
88000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
796000 usd
CY2023Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-39000 usd
CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-18805000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
252000 usd
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1614000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
593000 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
57000 usd
CY2023Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
21000 usd
CY2023Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
1583000 usd
CY2023Q2 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
199000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
265966000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
165000 usd
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3505000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
660000 usd
CY2023Q3 spru Temporary Equity Related To Buyout Of Redeemable Noncontrolling Interest
TemporaryEquityRelatedToBuyoutOfRedeemableNoncontrollingInterest
55000 usd
CY2023Q3 spru Adjustments To Additional Paid In Capital Buyout Of Redeemable Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalBuyoutOfRedeemableNonControllingInterest
139000 usd
CY2023Q3 spru Adjustments To Additional Paid In Capital Buyout Of Redeemable Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalBuyoutOfRedeemableNonControllingInterest
139000 usd
CY2023Q3 spru Temporary Equity Decrease From Redemptions Or Purchase Of Interests
TemporaryEquityDecreaseFromRedemptionsOrPurchaseOfInterests
139000 usd
CY2023Q3 spru Temporary Equity Capital Distributions To Noncontrolling Interests
TemporaryEquityCapitalDistributionsToNoncontrollingInterests
26000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
102000 usd
CY2023Q3 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
21000 usd
CY2023Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-19188000 usd
CY2023Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
0 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
244135000 usd
us-gaap Profit Loss
ProfitLoss
-64577000 usd
us-gaap Profit Loss
ProfitLoss
-36407000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
50000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-4253000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1759000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2049000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1128000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2436000 usd
spru Amortization Of Deferred Revenue
AmortizationOfDeferredRevenue
671000 usd
spru Amortization Of Deferred Revenue
AmortizationOfDeferredRevenue
0 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
15695000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
16445000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28757000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Accretion Expense
AccretionExpense
181000 usd
us-gaap Accretion Expense
AccretionExpense
0 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-8153000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
11663000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
17000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
218000 usd
spru Interest Income Master Lease Agreement
InterestIncomeMasterLeaseAgreement
12159000 usd
spru Interest Income Master Lease Agreement
InterestIncomeMasterLeaseAgreement
7658000 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
2055000 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
4225000 usd
spru Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
24000 usd
spru Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
49000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4447000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4390000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3463000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5166000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
916000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
488000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4961000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1992000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-124000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-262000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1667000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-11735000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
25212000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-9000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
5000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2541000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
701000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-28266000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-13820000 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-87000 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-2104000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-28353000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15924000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4712000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5068000 usd
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-18868000 usd
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-13188000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
43097000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
182000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
285000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
23398000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-25126000 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
325000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
23398000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24801000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
145763000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
22821000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
130000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
21396000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
165000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2108000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
391000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
150000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
700000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5119000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
55000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
215000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
381000 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-18086000 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-6686000 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
81000 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18005000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6686000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22960000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-47411000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
172941000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
240144000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
149981000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
192733000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
22021000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
24105000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
933000 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
0 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
436000 usd
spru Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
0 usd
spru Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-43000 usd
spru Number Of Home Solar Assets And Contracts
NumberOfHomeSolarAssetsAndContracts
75000 contract
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the balance sheet date, as well as reported amounts of income and expenses during the reporting period. The Company’s most significant estimates and judgments involve (i) deferred income taxes, (ii) warranty reserves, (iii) valuation of stock-based compensation, (iv) valuation of warrant liability, (v) the useful lives of certain assets and liabilities, (vi) the allowance for current expected credit losses and (vii) the valuation of business combinations, including the fair values and useful lives of acquired assets and assumed liabilities, goodwill and the fair value of purchase consideration of asset acquisitions. Management bases its estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates, and such differences could be material to the Company’s financial statements</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of credit and revenue risks</span></div>Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents. At times, such cash may be in excess of the Federal Deposit Insurance Corporation limit. At September 30, 2024 and December 31, 2023, the Company had cash in excess of the $250,000 federally insured limit.
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
36300000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
31600000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
113658000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
154209000 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
36323000 usd
CY2023Q3 us-gaap Restricted Cash
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38524000 usd
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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-1.97

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