<a href="https://laohu8.com/S/SUNE">SUNation Energy Inc</a>. Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Sales Expected to Rise 14%-23% YoY, Net Loss at $9.6M, Adjusted EBITDA at $(989K)
Sunation Energy Inc., a leading provider of sustainable solar energy, reported its financial results for the second quarter ended June 30, 2025. The company's net loss for the quarter was $9.6 million, an increase from the $6.9 million loss reported in the same period of 2024. For the first half of 2025, the net loss was $13.1 million compared to $5.7 million in the same period of 2024. Despite the losses, Sunation Energy reported an expansion in gross margin to 37%. Additionally, the company significantly reduced its total debt by $11.7 million, a 61% improvement from December 31, 2024. The residential backlog increased to $27.1 million as of June 30, 2025, and further rose to $35.6 million by July 31, 2025. Sunation Energy reiterated its full-year financial guidance, expecting total sales to rise between 14% and 23% from FY 2024, with a positive adjusted EBITDA anticipated for FY 2025.
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