New Risk • Aug 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (55% average daily change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$16.7m market cap). Reported Earnings • Aug 13
Second quarter 2026 earnings released: US$0.52 loss per share (vs US$3.14 loss in 2Q 2025) Second quarter 2026 results: US$0.52 loss per share (improved from US$3.14 loss in 2Q 2025). Revenue: US$8.16m (down 38% from 2Q 2025). Net loss: US$3.34m (loss narrowed 65% from 2Q 2025). New Risk • May 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (US$5.07m market cap). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Reported Earnings • May 18
First quarter 2026 earnings released: US$1.20 loss per share (vs US$107 loss in 1Q 2025) First quarter 2026 results: US$1.20 loss per share. Revenue: US$7.19m (down 43% from 1Q 2025). Net loss: US$4.09m (loss widened 17% from 1Q 2025). Ankündigung • Apr 22
SUNation Energy Inc. announced that it has received $1.2 million in funding On April 22, 2026. SUNation Energy Inc. announced that it has closed the transaction. Ankündigung • Apr 09
SUNation Energy Inc. has filed a Follow-on Equity Offering in the amount of $3.599586 million. SUNation Energy Inc. has filed a Follow-on Equity Offering in the amount of $3.599586 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Ankündigung • Mar 30
Sunation Energy Inc Installs 10,000Th Solar System and Surpasses 130 Mw of Installed Clean Energy Capacity Across Long Island SUNation Energy Inc. announced the installation of its 10,000th solar system, a milestone that reflects more than 20 years of solar deployment across Long Island. Collectively, SUNation’s installations now represent more than 130 megawatts of installed solar capacity and an estimated $42 million in cumulative customer energy-cost savings regionwide. Buy Or Sell Opportunity • Mar 27
Now 39% undervalued Over the last 90 days, the stock has risen 115% to US$2.37. The fair value is estimated to be US$3.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Mar 19
Full year 2025 earnings released Full year 2025 results: US$4.38 loss per share. Revenue: US$71.9m (up 27% from FY 2024). Net loss: US$10.9m (loss narrowed 60% from FY 2024). Ankündigung • Mar 16
SUNation Energy Inc. to Report Q4, 2025 Results on Mar 18, 2026 SUNation Energy Inc. announced that they will report Q4, 2025 results After-Market on Mar 18, 2026 Ankündigung • Dec 05
SUNation Energy Inc. Announces Final Distribution to Holders of Contingent Value Rights, Payable on or About December 5, 2025 SUNation Energy Inc. announced that it will make a final cash distribution to holders of non-transferable Contingent Value Rights (‘CVRs’) of $0.12 per CVR. The total final payment to all holders of $276,000.48, or $0.12 per CVR, is expected to commence on or about December 5, 2025. Ankündigung • Nov 13
SUNation Energy Inc., Annual General Meeting, Dec 18, 2025 SUNation Energy Inc., Annual General Meeting, Dec 18, 2025. Ankündigung • Nov 11
SUNation Energy Inc. Reiterates Earnings Guidance for the Full Year Ending December 31, 2025 SUNation Energy Inc. reiterated earnings guidance for the full year ending December 31, 2025. For the period, the company total sales are expected to rise to $65 million to $70 million, a projected increase of between 14% and 23% from total sales of $56.9 million in 2024. Ankündigung • Aug 15
SUNation Energy Inc. announced delayed 10-Q filing On 08/14/2025, SUNation Energy Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Aug 05
SUNation Energy Inc. to Report Q2, 2025 Results on Aug 14, 2025 SUNation Energy Inc. announced that they will report Q2, 2025 results After-Market on Aug 14, 2025 Ankündigung • Jun 16
SUNation Energy Deems to be in Full Compliance with the Applicable Nasdaq Listing Rules As previously reported, on April 11, 2025 and May 13, 2025, SUNation Energy Inc. (the ‘Company’) had received respective Nasdaq non-compliance letters regarding: (i) a Minimum Bid Price Deficiency notice from the Listing Qualifications Department (the ‘Staff’) of The Nasdaq Stock Market notifying the Company that, for the 30 consecutive business day period immediately preceding April 11, 2025 deficiency letter, the Company’s common stock had not maintained a minimum closing bid price of $1.00 per share (the ‘Minimum Bid Price Requirement’) and, as a result, did not comply with Listing Rule 5550(a)(2); and (ii) the Staff’s additional delisting notice pursuant to its discretionary authority under Listing Rule 5101 based on public interest concerns related to the Company’s securities offering announced on February 27, 2025. Following receipt of the April 2025 deficiency notice, the Company timely requested a hearing before the Nasdaq Hearing Panel. The hearing request automatically stayed any suspension or delisting action pending the outcome of the hearing. The Company appeared before the Nasdaq Hearing Panl on May 27, 2025 to address the above-noted compliance matters. As of the hearing date, the Company had been in Compliance with the Minimum Bid Price for not less than twenty-five (25) consecutive trading days, and has since maintained Minimum Bid Price compliance to date. On June 10, 2025, the Company received the Nasdaq Hearing Panel’s decision in which it notified the Company that it did not find the Company to be in violation of Listing Rules 5100 and 5550(a)(2), the ‘Public Interest Concern’ and ‘Bid Price Rule’, respectively. Accordingly, the June 10, 2025 letter further provided that the Company is deemed to be in full compliance with the applicable Nasdaq Listing Rules, and that the above-referenced matter was closed. Ankündigung • May 16
SUNation Energy Inc. Provides Earnings Guidance for the Year Ending December 31, 2025 SUNation Energy Inc. provided earnings guidance for the year ending December 31, 2025. For the year, the company expects Total sales of $65 million to $70 million, a projected increase of between 14% and 23% from total sales of $56.9 million in 2024. Ankündigung • May 09
SUNation Energy Inc. to Report Q1, 2025 Results on May 15, 2025 SUNation Energy Inc. announced that they will report Q1, 2025 results Pre-Market on May 15, 2025 Ankündigung • Apr 18
SUNation Energy Announces Reverse Stock Split to Regain Compliance with the Minimum Bid Price Required for Continued Listing on the Nasdaq Capital Market SUNation Energy Inc. announced that its board of directors approved a 200 for 1 reverse stock split of the Company’s outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025. The Company’s common stock will continue to trade under the symbol “SUNE” and it is expected to open for trading on Nasdaq on April 21, 2025 on a post-split basis. The ratio of the reverse stock split is within the range approved by shareholders at a Special Meeting of Shareholders held on April 3, 2025. The reverse stock split is primarily intended to increase the market price per share of the Company’s common stock to regain compliance with the minimum bid price required for continued listing on The Nasdaq Capital Market. Ankündigung • Apr 17
SUNation Energy Receives Minimum Bid Price Deficiency Letter from Nasdaq Due to Non-Compliance with Listing Rule 5550(a)(2) On April 11, 2025, SUNation Energy Inc. received a letter (the “Minimum Bid Price Deficiency Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the 30 consecutive business day period immediately preceding deficiency letter, the Company’s common stock had not maintained a minimum closing bid price of $1.00 per share (the “Minimum Bid Price Requirement”) and, as a result, does not comply with Listing Rule 5550(a)(2) (the “Rule”). Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Rule (“Cure Period”); however, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for a customary Cure Period specified in Rule 5810(c)(3)(A) due to the fact that the Company has effected a reverse stock split over the prior one-year period or has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. Instead, the Company is offered an opportunity to appeal any deficiency related to a delisting determination to Nasdaq by seven days from receipt of the non-compliance notice. Accordingly, unless the Company timely requests a hearing before a Hearings Panel, the Company’s securities would be subject to suspension/delisting. The Company intends to timely request a hearing before the Hearing Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period if granted by the Panel following the hearing. There can be no assurance that the Panel will grant the Company an additional extension period or that the Company will ultimately regain compliance with all applicable requirements for continued listing on The Nasdaq Capital Market. In the event that the Company regains compliance with the Minimum Bid Price Requirement prior to any scheduled hearing date, then a hearing may not be necessary, as the Company may be mooted out of the hearings process. Additionally, to this end, the stockholders of the Company had approved a share consolidation on April 3, 2025 that can be utilized within the discretion of the board of directors of the Company and, if and when effectuated, such action may resolve the above noted Nasdaq listing compliance deficiency prior to such hearing date. Ankündigung • Apr 08
SUNation Energy Inc. has completed a Follow-on Equity Offering in the amount of $5 million. SUNation Energy Inc. has completed a Follow-on Equity Offering in the amount of $5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,347,826
Price\Range: $1.15
Discount Per Security: $0.08625
Security Name: Series A Warrants
Security Type: Equity Warrant
Securities Offered: 17,391,306
Security Name: Series B Warrants
Security Type: Equity Warrant
Securities Offered: 17,391,306
Transaction Features: Registered Direct Offering Ankündigung • Apr 07
SUNation Energy Inc. has filed a Follow-on Equity Offering in the amount of $5 million. SUNation Energy Inc. has filed a Follow-on Equity Offering in the amount of $5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,347,826
Price\Range: $1.15
Discount Per Security: $0.08625
Security Name: Series A Warrants
Security Type: Equity Warrant
Securities Offered: 17,391,306
Security Name: Series B Warrants
Security Type: Equity Warrant
Securities Offered: 17,391,306
Transaction Features: Registered Direct Offering Ankündigung • Apr 01
SUNation Energy Inc. announced delayed annual 10-K filing On 03/31/2025, SUNation Energy Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Ankündigung • Mar 08
SUNation Energy Inc. Announces CFO Changes SUNation Energy Inc. announced that on March 3, 2025, Andrew Childs, interim Chief Financial Officer, informed the company and its Board of Directors (Board) of his intention to resign as the interim Company’s Chief Financial Officer, effective at the close of business on March 6, 2025. Mr. Childs has served as the Interim CFO since September 4, 2024. On March 5, 2025, following Mr. Childs’ resignation, the Company’s Board of Directors appointed James Brennan to fill the role of Chief Financial Officer of the Company, effective immediately, which shall be in addition to his role serving as the Chief Operating Officer. Ms. Kristin Hlavka will continue in her role as the Company’s Chief Accounting Officer, and will assist Mr. Brennan in connection with his expanded role with the Company. Ankündigung • Mar 01
SUNation Energy Inc. has completed a Follow-on Equity Offering in the amount of $14.988924 million. SUNation Energy Inc. has completed a Follow-on Equity Offering in the amount of $14.988924 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,965,000
Price\Range: $1.15
Discount Per Security: $0.08625
Security Name: Pre-funded Warrants
Security Type: Equity Warrant
Securities Offered: 11,078,480
Price\Range: $1.149
Discount Per Security: $0.086175
Transaction Features: Registered Direct Offering Ankündigung • Feb 28
SUNation Energy Inc. has filed a Follow-on Equity Offering in the amount of $14.988924 million. SUNation Energy Inc. has filed a Follow-on Equity Offering in the amount of $14.988924 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,965,000
Price\Range: $1.15
Discount Per Security: $0.08625
Security Name: Pre-funded Warrants
Security Type: Equity Warrant
Securities Offered: 11,078,480
Price\Range: $1.149
Discount Per Security: $0.086175
Transaction Features: Registered Direct Offering Ankündigung • Dec 11
SUNation Energy Names Scott Maskin as Permanent Chief Executive Officer SUNation Energy Inc. announced that the Board of Directors has determined that its interim CEO, Scott Maskin, has been appointed as the permanent Chief Executive Officer of the Company, effective December 10, 2024. Mr. Maskin has served as Interim CEO since May 2024. Mr. Maskin has more than 20 years of experience in the residential and commercial solar, battery storage, and photovoltaic service industries. He co-founded SUNation Energy in 2003, and is known for his commitment to the customer experience and for being a leader in the energy renewables field. Lacey noted that together with his management team, Maskin has reduced overhead and operating expenses, elevated corporate governance, restructured internal operations, and addressed weaknesses in the Company’s capital structure. Ankündigung • Nov 12
Pineapple Energy Regains Compliance with Nasdaq Minimum Bid Price Requirements Pineapple Energy Inc. announced that it has regained compliance with the Nasdaq Capital Market’s continued listing standard for the minimum share price requirement under Nasdaq Listing Rule 5550(a)(2). The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s common stock was above $1.00 per share for a minimum of 10 consecutive trading days. Nasdaq considers this matter closed and the Company’s securities will continue to be listed and traded on The Nasdaq Stock Market. As a result, the hearing before the Nasdaq Hearings Panel scheduled for November 21, 2024 is deemed moot and has been cancelled. ‘This marks another important milestone in our hard-fought journey to address the issues of the past and position the Company for sustainable, long-term, success,’ said Scott Maskin, Interim Chief Executive Officer. ‘On behalf our new management team and Board, we are grateful for the continuing support of our shareholders, partners, and employees during this process and we remain committed to enhancing long-term shareholder value’. Ankündigung • Oct 21
Pineapple Energy Inc. has filed a Follow-on Equity Offering in the amount of $10 million. Pineapple Energy Inc. has filed a Follow-on Equity Offering in the amount of $10 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Ankündigung • Oct 05
Pineapple Energy receives Minimum Bid Price Deficiency Letter from The Nasdaq Stock Market On October 1, 2024, Pineapple Energy Inc. (the ‘Company’) received a letter (the ‘Minimum Bid Price Deficiency Letter’) from the Listing Qualifications Department (the ‘Staff’) of The Nasdaq Stock Market (‘Nasdaq’) notifying the Company that, for the 30 consecutive business day period from August 16 through September 30, 2024, the Company’s common stock had not maintained a minimum closing bid price of $1.00 per share (the ‘Minimum Bid Price Requirement’) required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The Nasdaq letter does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. Normally, a company would be afforded a 180-calendar day period (‘Cure Period’) to demonstrate compliance with the Minimum Bid Price Requirement. However, pursuant to the previously disclosed Nasdaq hearing panel decision, dated July 18, 2024, the Company was subject to a mandatory panel monitor (‘Panel’) under Nasdaq’s listing Rule 5815(d)(4)(B) for a period of one year. Accordingly, due to the most recent minimum bid price deficiency, as is customary in similar situations, the Staff notified the Company that it will not be afforded a Cure Period. Instead, the Company is offered an opportunity to appeal any deficiency related to a delisting determination to Nasdaq by or before October 8, 2024. Accordingly, unless the Company timely requests a hearing before a Hearings Panel, the Company’s securities would be subject to suspension/delisting. The Company intends to timely request a hearing before the Hearing Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period if granted by the Panel following the hearing. There can be no assurance that the Panel will grant the Company an additional extension period or that the Company will ultimately regain compliance with all applicable requirements for continued listing on The Nasdaq Capital Market. In the event that the Company regains compliance with the Minimum Bid Price Requirement prior to any scheduled hearing date, then a hearing may not be necessary, as the Company may be mooted out of the hearings process. Additionally, to this end, the stockholders of the Company had approved a share consolidation in July 2024 that can be utilized within the discretion of the board of directors of the Company and, if and when effectuated, such action may resolve the above noted Nasdaq listing compliance deficiency prior to such hearing date. Ankündigung • Sep 05
Pineapple Energy Inc. Announces Chief Financial Officer Changes Pineapple Energy Inc. announced the appointment of Andy Childs as the Company’s Interim Chief Financial Officer. Mr. Childs succeeds Eric Ingvaldson who, as previously announced, resigned the position of Chief Financial Officer effective August 30, 2024. Prior to joining Pineapple, Childs was with Conduit Capital Partners, an investment group known for connecting companies to mission aligned investors. Child’s professional background includes experience in navigating successful capital raises, M&A completions, and corporate restructuring transactions. Aside from his financial work, Childs is a co-founder of Cinema Labs, a group that aims to reimagine landmark movie theaters into community entertainment centers that celebrate film. The effort recently restored a beloved historic movie theater in New Canaan, Connecticut. Ankündigung • Aug 24
Pineapple Energy Inc. Announces Board Changes On August 19, 2024, Scott Honour informed Pineapple Energy Inc. of his decision to resign from the Board of Directors (the "Board"), effective as of the date a successor director was appointed, which was August 22, 2024. On August 22, 2024, the Board appointed Spring Hollis to serve as a director of the Company, effective on such date, to fill the vacancy disclosed above created by the resignation of Mr. Honour. Ms. Hollis was also appointed to serve as a member of the Audit and Finance Committee, and as a member and the Chair of the Nominating and Corporate Governance Committee. On August 23, 2024, Thomas J. Holland informed the Company of his decision to resign from the Board, effective immediately. Ankündigung • Aug 15
Pineapple Energy Inc. announced delayed 10-Q filing On 08/14/2024, Pineapple Energy Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • May 31
Pineapple Energy Inc. Announces Appointment of James Brennan as Chief Operating Officer Scott Maskin, Interim CEO of Pineapple Energy Inc. has reaffirmed the Board’s commitment to having Eric Ingvaldson continue to serve as the Company’s Chief Financial Officer. In addition, the Board has appointed James Brennan, an experienced executive who has served as Pineapple’s Senior Vice President of Corporate Development since November 2022, as the Company’s Chief Operating Officer. With Brennan as COO, Maskin expressed confidence in Brennan’s ability to streamline operations and leverage Pineapple’s internal assets and personnel to the fullest. Prior to his roles with Pineapple, Brennan served as COO for SUNation Energy, a regional solar company based on Long Island, NY that was acquired by Pineapple in November 2022. The leadership changes are effective as of May 29, 2024. Ankündigung • May 08
Pineapple Energy Inc. to Report Q1, 2024 Results on May 09, 2024 Pineapple Energy Inc. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Ankündigung • Mar 24
Pineapple Energy Inc. to Report Q4, 2023 Results on Mar 28, 2024 Pineapple Energy Inc. announced that they will report Q4, 2023 results After-Market on Mar 28, 2024 Ankündigung • Mar 21
GAMCO Asset Sends a Letter to Communications Systems On March 20, 2024, GAMCO Asset Management announced that the CVRs (Contingent Value Rights) are set to expire on March 28, 2024, and GAMCO is requesting Communications Systems, Inc extend the expiration of the CVR through December 31, 2024. GAMCO stated that this extension will allow for the resolution of outstanding contingencies that impact the contingent payment due to CVR holders. GAMCO demands the Company immediately distribute the balance of the escrow account and provide an accounting for any ‘legacy’ charges that were made against the cash account reserved for CVR holders. GAMCO stated that it initially opposed the transaction resulting in the creation of the CVR’s and sought the CVR payment in order to protect against the corporate waste resulting from this transaction. GAMCO also stated that it is prepared to assert any and all claims it has to receive what rightfully belongs to the CVR holders. Ankündigung • Mar 04
The Listing Qualifications Department of the Nasdaq Stock Market Determines to Delist Pineapple Energy's Securities from Nasdaq Effective as of the Opening of Business on March 7, 2024 As previously reported, on October 27, 2023, Pineapple Energy Inc. (the ‘Company’) received a notice from the Listing Qualifications Department (the ‘Staff’) of the Nasdaq Stock Market (‘Nasdaq’) informing the Company that because the closing bid price for the Company's common stock listed on Nasdaq was below $1.00 per share for the last 31 consecutive business days, the Company did not comply with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2) (the ‘Minimum Bid Price Rule’). In accordance with Nasdaq's Listing Rules, the Company has a period of 180 calendar days, or until April 24, 2024, to regain compliance with the Minimum Bid Price Rule. On February 27, 2024, the Staff issued another notice (the ‘February Notice’) notifying the Company that the Company's common stock had a closing bid price of $0.10 or less for 10 consecutive trading days (February 12, 2024 to February 26, 2024). Accordingly, the Company is subject to the provisions contemplated under Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the ‘Low Priced Stock Rule’). As a result, the Staff has determined to delist the Company's securities from Nasdaq effective as of the opening of business on March 7, 2024, unless the Company requests an appeal before the Nasdaq Hearings Panel (the ‘Panel’) of the Staff's determination by March 5, 2024, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company requested a hearing before the Panel to appeal the February Notice, and Nasdaq has scheduled the hearing for April 30, 2024. Accordingly, the delisting action has been stayed, pending a final written decision by the Panel. There can be no assurance that the hearing will occur, that a favorable decision will be obtained if the hearing is held, that the Panel will grant any request for an extension period within which to regain compliance, or that the Company will be able meet the continued listing requirements during any compliance period or in the future. New Risk • Feb 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 357% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (357% increase in shares outstanding). Market cap is less than US$10m (US$3.67m market cap). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$4.4m net loss next year). Ankündigung • Feb 07
Pineapple Energy Inc. has filed a Follow-on Equity Offering in the amount of $1 million. Pineapple Energy Inc. has filed a Follow-on Equity Offering in the amount of $1 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,702,703
Price\Range: $0.37
Transaction Features: Registered Direct Offering New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (US$2.30m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$4.4m net loss next year). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Ankündigung • Dec 22
Pineapple Energy Inc., Annual General Meeting, Dec 29, 2023 Pineapple Energy Inc., Annual General Meeting, Dec 29, 2023, at 09:00 Central Standard Time. Agenda: To approve an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company’s common stock from 75,000,000 to 112,500,000; and to approve a reverse stock split of the outstanding shares of the Company’s common stock, at a ratio within a range of 1-for-2 to 1-for-15, as determined by the Board of Directors. Reported Earnings • Nov 16
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$0.23 loss per share (improved from US$0.34 loss in 3Q 2022). Revenue: US$18.3m (up 137% from 3Q 2022). Net loss: US$2.33m (loss narrowed 7.6% from 3Q 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 188%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Electrical industry in the US. Ankündigung • Nov 12
Pineapple Energy Inc. Reaffirms Revenue Guidance for 2023 Pineapple Energy Inc. reaffirmed revenue guidance for 2023. For the full year 2023, the Company leaves unchanged its revenue guidance of $80 to $85 million. Ankündigung • Oct 05
Pineapple Energy Inc., Annual General Meeting, Dec 14, 2023 Pineapple Energy Inc., Annual General Meeting, Dec 14, 2023. New Risk • Aug 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$23m Forecast net loss in 1 year: US$2.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.4m net loss next year). Shareholders have been diluted in the past year (34% increase in shares outstanding). Market cap is less than US$100m (US$12.0m market cap). Reported Earnings • Aug 13
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$0.034 loss per share (down from US$0.19 profit in 2Q 2022). Revenue: US$19.8m (up 237% from 2Q 2022). Net loss: US$333.8k (down 123% from profit in 2Q 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Electrical industry in the US. Ankündigung • Aug 11
Pineapple Energy Inc. Reiterates Earnings Guidance for the Full Year 2023 Pineapple Energy Inc. reiterated earnings guidance For the full year 2023. For the year, the Company expects revenue guidance of $80 to $85 million. Ankündigung • Aug 05
Pineapple Energy Inc. to Report Q2, 2023 Results on Aug 10, 2023 Pineapple Energy Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023 Ankündigung • Jun 02
Pineapple Energy Inc. announced that it has received $7.5 million in funding from Decathlon Capital Partners, LLC Pineapple Energy Inc. announced that it has received $7.5 million in debt round of funding on June 1, 2023. The transaction included participation from new lender Decathlon Capital Partners, LLC. The debt will bear maturity of forty-eight months. Breakeven Date Change • May 21
Forecast to breakeven in 2024 The 2 analysts covering Pineapple Energy expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 67% to 2023. The company is expected to make a profit of US$330.0k in 2024. Average annual earnings growth of 118% is required to achieve expected profit on schedule. Ankündigung • May 13
Pineapple Energy Inc. Reiterates Earnings Guidance for the Full Year 2023 Pineapple Energy Inc. reiterated earnings guidance for the full year 2023. For the period, the company reiterates its revenue guidance of $80 million to $85 million. Ankündigung • May 06
Pineapple Energy Inc. to Report Q1, 2023 Results on May 11, 2023 Pineapple Energy Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 11, 2023 Breakeven Date Change • Apr 05
No longer forecast to breakeven The 2 analysts covering Pineapple Energy no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.62m in 2024. New consensus forecast suggests the company will make a loss of US$2.97m in 2024. Board Change • Dec 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. CEO & Director Kyle Udseth is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
