SPRU Q3 2019 Earnings Report — Spruce Power Holding Corporation Revenue & Financial Results | Market Cap Arena

Spruce Power Holding CorporationSPRU

Q3 2019 Earnings

Reported September 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$3M	$2M	—	19.3%	—
Op. Income	-$4M	-$3M	—	-37.2%	—
Gross Margin	-3.7%	-3.7%	—	0.1pp	—
Net Margin	-201.5%	-137.3%	—	-64.2pp	—
EPS (Diluted)	$-3.84	$-2.31	—	-66.2%	—
Free Cash Flow	-$4M	-$3M	—	-35.1%	—

Income Statement

Item	Amount
REVENUE	$3M
Cost of Revenue	$3M
GROSS PROFIT	-$95.0K
R&D Expenses	$511.0K
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3M
Other Expenses	$0
Operating Expenses	$5M
Cost & Expenses	$7M
OPERATING INCOME	-$4M
Interest Income	$951.2K
Interest Expense	$0
Other Income/Expenses	-$1M
INCOME BEFORE TAX	-$5M
Income Tax Expense	$0
Net Income from Continuing Ops	-$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$5M
D&A	$74.0K
EBIT	-$4M
EBITDA	-$4M
EPS	-$4
EPS Diluted	-$4

Cash Flow Statement

Item	Amount
Net Income	-$5M
Depreciation & Amortization	$74.0K
Stock-Based Compensation	$112.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$142.0K
Change in Working Capital	$1M
OPERATING CASH FLOW	-$4M
Capital Expenditure	-$5.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$5.0K
Net Debt Issuance	-$125.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$416.0K
NET CASH FROM FINANCING	-$541.0K
FREE CASH FLOW	-$4M
Net Change in Cash	-$4M