May. 13 at 8:32 PM
$SPRU
🚨🚨🚨
Operating Income of
$3.8 million for the quarter
Revenues of
$23.4 million in the quarter, in line with first quarter 2025 revenues of
$23.8 million
Operating EBITDA up 49% year-over-year in the first quarter
70% decline in Operations & Maintenance (“O&M”) expense and a 21% decline in Selling, General and Administrative (“SG&A”) expense for the first quarter
Positive cash generation, with
$2.6 million of Adjusted Cash Flow Generated in Operations for the first quarter 2026
Cash Flow used in Operations of
$2.7 million for the quarter compared to
$9.1 million in the year-earlier period
Net loss attributable to stockholders of
$2.9 million for the quarter
Ended the first quarter with
$85.6 million of cash, or
$4.71 per share, providing substantial liquidity, flexibility, and embedded value
Continued to reduce leverage, paying down
$8.2 million of debt principal in the first quarter
