SUNation Energy Files Q2 2025 10-Q, Details Offerings & Splits
Ticker: SUNE · Form: 10-Q · Filed: Aug 15, 2025 · CIK: 22701
Sentiment: neutral
Topics: 10-Q, financials, stock-split, offering
Related Tickers: SUNE
TL;DR
SUNation Energy (SUNE) Q2 10-Q is in! They did an ATM offering and a reverse stock split in April 2025. Check financials.
AI Summary
SUNation Energy, Inc. filed its 10-Q for the period ending June 30, 2025. The company, formerly known as Pineapple Energy Inc., reported financial results for Q2 2025. Key financial events mentioned include an ATM offering and a reverse stock split in April 2025.
Why It Matters
This filing provides investors with the latest financial performance and significant corporate actions of SUNation Energy, Inc., impacting its stock valuation and future outlook.
Risk Assessment
Risk Level: medium — The filing details financial performance and corporate actions like stock splits and offerings, which can indicate financial health and strategic shifts.
Key Numbers
- Q2 2025 — Reporting Period (Financial results for the second quarter of 2025 are detailed.)
- 20250630 — Fiscal Period End Date (The 10-Q covers financial data up to this date.)
- 20250815 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- SUNation Energy, Inc. (company) — Filer of the 10-Q
- Pineapple Energy Inc. (company) — Former name of SUNation Energy, Inc.
- 20250630 (date) — End of the reporting period
- 20250815 (date) — Filing date of the 10-Q
- April 2025 (date) — Period of reverse stock split
- February 2025 (date) — Period of ATM offering
FAQ
What were the key financial highlights for SUNation Energy in Q2 2025?
The filing for the period ending June 30, 2025, indicates financial reporting for Q2 2025, but specific financial highlights like revenue or net income are not detailed in the provided header information.
When did SUNation Energy undergo its reverse stock split?
The filing mentions an 'April2025ReverseStockSplitMember' associated with the date range of January 1, 2025, to March 31, 2025, and also a specific date of February 27, 2025, for a reverse stock split.
What is the company's current business address?
SUNation Energy, Inc.'s business address is 171 Remington Boulevard, Ronkonkoma, NY 11779.
What was the previous name of SUNation Energy, Inc.?
SUNation Energy, Inc. was formerly known as Pineapple Energy Inc. and prior to that, Pineapple Holdings, Inc.
What type of offering did SUNation Energy conduct in February 2025?
The filing references an 'AtFirstClosingMember' and 'February2025OfferingMember' for February 27, 2025, suggesting an equity offering.
Filing Stats: 4,585 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2025-08-15 16:04:29
Key Financial Figures
- $0.05 — ch registered Common Stock, par value $0.05 per share SUNE The Nasdaq Stock Mar
Filing Documents
- sune-20250630x10q.htm (10-Q) — 5987KB
- sune-20250630xex31_1.htm (EX-31.1) — 15KB
- sune-20250630xex31_2.htm (EX-31.2) — 14KB
- sune-20250630xex32.htm (EX-32) — 15KB
- 0000022701-25-000010.txt ( ) — 20117KB
- sune-20250630.xsd (EX-101.SCH) — 63KB
- sune-20250630_cal.xml (EX-101.CAL) — 72KB
- sune-20250630_def.xml (EX-101.DEF) — 251KB
- sune-20250630_lab.xml (EX-101.LAB) — 495KB
- sune-20250630_pre.xml (EX-101.PRE) — 440KB
- sune-20250630x10q_htm.xml (XML) — 5274KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Changes in Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) 5 Condensed Consolidated Statements of Cash Flows 10 Notes to Condensed Consolidated Financial Statements 12 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 40 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 50 Item 4.
Controls and Procedures
Controls and Procedures 50 Part II. Other Information 53 SIGNATURES CERTIFICATIONS 57 1 SUNATION ENERGY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ASSETS June 30 December 31 2025 2024 CURRENT ASSETS: Cash and cash equivalents $ 3,186,757 $ 839,268 Restricted cash and cash equivalents 286,630 312,080 Trade accounts receivable, less allowance for credit losses of $ 215,738 and $ 240,817 , respectively 3,298,944 4,881,094 Inventories 2,321,966 2,707,643 Prepaid income taxes 15,776 — Related party receivables 23,039 23,471 Prepaid expenses 1,028,996 1,587,464 Costs and estimated earnings in excess of billings 604,077 560,648 Other current assets 185,227 198,717 TOTAL CURRENT ASSETS 10,951,412 11,110,385 PROPERTY, PLANT AND EQUIPMENT, net 1,107,372 1,238,898 OTHER ASSETS: Goodwill 17,443,869 17,443,869 Operating lease right of use asset, net 3,513,114 3,686,747 Intangible assets, net 11,102,083 12,220,833 Other assets, net 12,000 12,000 TOTAL OTHER ASSETS 32,071,066 33,363,449 TOTAL ASSETS $ 44,129,850 $ 45,712,732 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 6,406,277 $ 8,032,769 Accrued compensation and benefits 783,430 796,815 Operating lease liability 327,454 321,860 Accrued warranty 190,411 350,013 Other accrued liabilities 1,318,915 1,055,995 Accrued loss contingencies — 1,300,000 Income taxes payable — 5,071 Refundable customer deposits 1,533,688 1,870,173 Billings in excess of costs and estimated earnings 421,474 444,310 Contingent value rights 286,630 312,080 Earnout consideration — 2,500,000 Current portion of loans payable 330,112 3,139,113 Current portion of loans payable - related party 1,203,401 6,951,563 Embedded derivative liability — 82,281 TOTAL CURRENT LIABILITIES 12,801