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Pro Forma Financial Highlights YTD 20221Full Year 2021Revenue$50,547,785 $62,753,152 Gross Profit$16,234,845 $21,578,807 Operating Expense2$24,070,229 $36,410,834 Net Loss($2,480,214)($15,151,060)Adjusted EBITDA3($1,991,613)($5,372,979)Cash and cash equivalents4$4,971,519

Pineapple Energy Provides Pro Forma Information Reflecting SUNation Acquisition

Pineapple Energy Inc. (NASDAQ:PEGY), a leading provider of sustainable solar energy and back-up power to households and small businesses, filed a Form 8-K/A on January 23, 2023 that includes unaudited pro forma financial information illustrating the financial impact of the acquisition of SUNation, which closed on November 9, 2022.

By Pineapple Energy
Published - Jan 24, 2023, 09:18 AM ET
Last Updated - Apr 30, 2024, 02:04 PM EDT
  • Pro forma combined revenue of $63 million in 2021, $71 million for 12 months trailing as of 9/30/22
  • Pro forma gross profit margin over 30%
  • Pro forma cash and cash equivalents of $5 million as of 9/30/22
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