Filing Flows › SUNation Energy (SUNE) › Q4 2024
SUNation Energy (SUNE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
SUNation Energy (SUNE) reported revenue of $15.4M for the fourth quarter 2024 (Q4 2024), -21% from a year earlier and +4% from the quarter before. Operating margin was -42.3%, net loss $6.8M (44.4% of revenue).
SUNation Energy, Q4 2024: revenue $15.4M (-21% year over year), operating margin -42.3%, net loss $6.8M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.4M | +4% | -21% |
| Operating profit | −$6.5M | — | — |
| Net earnings | −$6.8M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $15.4M in Q4 2024, down 21% year over year and up 4% from the previous quarter.
Gross margin was 36.4%, up 8.0 points from a year earlier. Operating costs exceeded revenue by $6.5M, an operating margin of -42.3%. Operating expenses grew 54% against a revenue fall of 21%. The fastest-growing cost line was Other operating costs (+255%). The quarter ended with a net loss of $6.8M, wider than the previous quarter's $3.3M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $781K of depreciation and amortization and $45K of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $3K exceeded it, leaving free cash flow of −$1.9M.
Questions
What was SUNation Energy's revenue in the fourth quarter 2024?
SUNation Energy (SUNE) reported revenue of $15.4M for the fourth quarter 2024 (Q4 2024), -21% from a year earlier and +4% from the quarter before.
Was SUNation Energy profitable in the fourth quarter 2024?
Operating loss was $6.5M (-42.3% of revenue) and net loss $6.8M.
Source: SUNation Energy 10-K on SEC EDGAR.