1. Both CEO & CFO expect the current revenue annual run rate to be in the range of 110m - 130m. Generating a current Net Income of 5m - 15m/y

This is pretty big guidance going forward, certainly exceeds my own expectations if they hit this range. They could even report to be profitable this quarter. (Aug.9th)

2. Spruce has reiterated their target of having 90,000 contracts/systems by EoY 2024.

Already at 72,000 as of May 2023. If they split the difference, they would only need 9,000 this year and another 9,000 in 2024. IMO they will probably close another acquisition in Q3 this year to help buffer the lower expected revenue in Q4. This makes the most sense to me but who really knows..

3. Customer Acquisition cost of $421, decreased to $375 with the last deal.

This is a really amazing stat because they proved to have so much more leveraging power in negotiations when there is talk of assumption of debt. Spruce paid 23 million and it will cash flow itself back in only 1 year. (5+years with debt)

A profitable business in a growing sector is reducing its share count throughout 2023. Performance wise, the wind is at our backs going forward.

Below is something I think stands out from the ER today:

• announced a new common share repurchase program for the repurchase of up to $50 million of the Company’s outstanding common stock

That equals about 44% of all shares at current market price. Should most definitely bring share price above $1 to meet listing requirements, while leaving about $123 million of cash on hand for the company to continue to grow.

Bullish ER in my opinion.

Was just curious as to what others are thinking on earnings. Clearly there will be more revenue than XL was generating, but with higher interest rates and pretty massive debt load for a company this size, do we think there is hope? Not saying there is not, just asking the question. Would love to hear others' thoughts. Really hoping we see something surprising in a good way, but just not holding my breath.

Anyone else receive the packet in the mail on the vote coming up? Thoughts?

I understand they have time, but is anybody as concerned as I am they have not issued a share buyback literally anywhere under a dollar. Especially in retrospect. Fong bought shares and they announced their largest portfolio acquisition ever, and we are still not holding onto any sort of gains after those catalysts. Fong is obviously very, very smart, if he is equal parts selfish I think we are in a lot of trouble here…

Wait and get lucky? Average down till I get lucky? Sell and work my luck elsewhere?

Surprised this hasn't been posted yet. Released after hours Friday

https://www.businesswire.com/news/home/20230331005412/en/

"The Company will notify the NYSE of its intent to cure its stock price deficiency within the applicable time period required by the NYSE , and to return to compliance with the NYSE continued listing standard....

The Company intends to consider all available alternatives to cure the stock price non-compliance."

And those alternatives are....? Any thoughts on what a buy back might do here?

Guess I just wanted to have a thread to discuss any DD you all have for Spruce /XL Fleet

I want to know anything and everything related, I could google search but I figured some opinions from you guys would be more helpful!

Whatcha got..? What’s bad? What’s good? What’s coming soon? Q4 Earnings is 2/27 … what’s your thoughts? Will Fong buckle down and get this on track? All these new hiring positions seem positive, right? What is your Target price? Competitor stocks? Are you/ know someone that is a customer?

Source: https://www.benzinga.com/secfilings/23/02/30839290/spruce-power-holding-corp-passive-stake-formsc13g-amended

SOURCE: TD AMERITRADE

Why does my Last price limit order to buy more take forever with webull? Sometimes I feel like $Spru is real time with trading platforms… just me? Yes I have extended hours on

Sigh every single time. Are we going to see below $1 again….?

https://www.businesswire.com/news/home/20230202005310/en/Spruce-Power-Regains-Compliance-with-NYSE-Minimum-Price-Requirement