Earnings Call Summary | Spruce Power(SPRU.US) Q4 2023 Earnings Conference
Earnings Call Summary | Spruce Power(SPRU.US) Q4 2023 Earnings Conference
The following is a summary of the Spruce Power Holding Corporation (SPRU) Q4 2023 Earnings Call Transcript:
以下是雲杉電力控股公司(SPRU)2023年第四季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Spruce Power Holding Corporation grew their portfolio by nearly 50%, sustaining solid cash liquidity with net cash at the year-end at $156 million.
They generated $30.1 million of total cash inflows in Q4 and expects to generate positive cash flow in 2024.
A downfall was reported in Q4 revenue, which came to $15.7 million compared to the prior year's revenue of $18.1 million, largely due to weather fluctuations.
Operating expenses were on an improving trend with Q4 core OpEx dropping from $31.3 million to $17.9 million year-on-year, reflecting a substantial decrease in SG&A expenses.
Despite a GAAP net loss of $30.4 million in Q4, their key metric, operating EBITDA, amounted to $9.9 million for the quarter.
Spruce expects 2024 operating EBITDA to range between $68 million and $86 million, with adjusted free cash flow projected to range between 0 and 5 million dollars.
Spruce Power Holding Corporation的投資組合增長了近50%,維持了穩健的現金流動性,年底淨現金爲1.56億美元。
他們在第四季度創造了3,010萬美元的總現金流入,並預計將在2024年產生正現金流。
據報道,第四季度收入下降了1,570萬美元,而上一年的收入爲1,810萬美元,這主要是由於天氣波動。
運營支出呈改善趨勢,第四季度核心運營支出同比從3,130萬美元下降至1,790萬美元,反映了銷售和收購支出的大幅下降。
儘管第四季度GAAP淨虧損3,040萬美元,但其關鍵指標,即本季度的營業息稅折舊攤銷前利潤,仍爲990萬美元。
斯普魯斯預計,2024年的營業息稅折舊攤銷前利潤將在6,800萬美元至8,600萬美元之間,調整後的自由現金流預計在0萬至500萬美元之間。
Business Progress:
業務進展:
The company managed to enhance its servicing technology platform last year, leading to customer satisfaction scores above 80% and launching 'Spruce Pro'.
In addition to their technology efforts, Spruce executed two acquisitions at equity returns above 20%.
Spruce is planning to launch an early renewal campaign in 2024 to lock in long-term customer value as contract value.
The corporation aims for growth both organically and via disciplined acquisitions, with plans for using more non-recourse portfolio debt and fewer equity capital to facilitate the growth in 2024.
2024 will also see Spruce continue to focus on high investment returns and immediate increases to free cash flow from its acquisitions.
該公司去年設法增強了其服務技術平台,使客戶滿意度得分超過80%,並推出了 “Spruce Pro”。
除了技術方面的努力外,Spruce還進行了兩次收購,股本回報率超過20%。
Spruce計劃在2024年啓動提前續訂活動,將長期客戶價值鎖定爲合同價值。
該公司的目標是通過有機收購和嚴格收購實現增長,並計劃在2024年使用更多的無追索權投資組合債務和更少的股本來促進增長。
2024年,Spruce還將繼續專注於高投資回報,並立即增加收購產生的自由現金流。
More details: Spruce Power IR
更多詳情: Spruce Power IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。