SPRU Earnings Prediction
The chart below shows how SPRU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SPRU sees a +9.42% change in stock price 10 days leading up to the earnings, and a -4.86% change 10 days following the report. On the earnings day itself, the stock moves by -0.31%. This data can give you a slight idea of what to expect for the next quarter's release.
SPRU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
21.38M
-8.05%
-4.91%
Gross Margin
54.83%
-5.15%
-0.13%
Operating Margin
-8.42%
-286.70%
-56.58%
Net Margin
-250.49%
207.12%
540.48%
EPS
-2.88
-159.46%
540.00%
No Data Available
SPRU Earnings Analysis
Spruce Power Holding Corporation Corporation (SPRU.N) Earnings Conference Call
Positive
Solid Revenue Performance: 1. Strong Revenue Generation: Spruce Power reported third quarter revenue of $21.4 million, demonstrating a solid performance supported by predictable cash flows from over 75,000 solar assets.
Strong Operating EBITDA: 2. Robust Operating EBITDA: The company achieved an operating EBITDA of $17.7 million for the third quarter, reflecting strong operational efficiency and cash flow generation.
Strong Cash Reserves: 3. Solid Cash Position: At the end of the third quarter, Spruce Power maintained a total cash balance of $150 million, with unrestricted cash of approximately $114 million, providing a strong foundation for future growth.
Customer Satisfaction Improvement: 4. Improved Customer Satisfaction: The company's customer satisfaction score (CSAT) improved to 81% from 75% a year ago, indicating enhanced service quality and customer loyalty.
Acquisition of Solar Systems: 5. Strategic Acquisition Plans: Spruce signed a non-binding letter of intent to acquire a portfolio of close to 10,000 home solar systems, which is expected to significantly enhance cash flow and operational scale upon completion.
Negative
Revenue Decline Analysis: 1. Declining Revenue: Third quarter revenue decreased to $21.4 million from $23.3 million in the prior year, primarily due to lower SREC revenues and higher performance guarantee payments.
Rising Operating Expenses: 2. Increased Operating Expenses: Core operating expenses rose to $17.4 million in the third quarter, up from $15.9 million in the prior year, driven by higher legal costs and non-routine servicing expenses.
Net Loss Reported: 3. Significant Net Loss: The company reported a GAAP net loss attributable to stockholders of $53.5 million for the quarter, indicating substantial financial strain.
Goodwill Impairment Charge: 4. Goodwill Impairment: A non-cash goodwill impairment charge of approximately $29 million was recorded due to a decline in stock price and market capitalization, reducing goodwill from $29 million to zero.
Revised EBITDA Guidance: 5. Lowered Full-Year Guidance: The adjusted operating EBITDA guidance for 2024 was revised down to a midpoint of $60 million, significantly below the previous low end of $68 million, reflecting unexpected expenses.
SPRU FAQs
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SPRU Earning Call Sentiment
Spruce Power Holding Corporation (SPRU) Q3 2024 Earnings Call Transcript
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00:00
00:00
SPRU.N
-0.79%Positive
The earnings call reveals declining revenue and EBITDA, increased operational and legal costs, and a significant goodwill impairment charge. While there is a positive note on resuming stock repurchases, the lack of specifics on acquisitions and future guidance, coupled with management's vague responses in the Q&A, indicate uncertainty and potential risks. These factors, combined with the ongoing financial challenges, suggest a negative sentiment likely to result in a stock price decrease over the next two weeks.
