Risk Factors Update Summary
- Transition to diverse solar suppliers, including domestic providers, and hostilities in the Red Sea.
- Increase in solar facilities from 62 to 93 employees, all full-time, with expansion to North and South Carolina.
- Net revenue increase from $71.2 million in 2022 to $155 million in 2023.
- Net income increase from $8.2 million in 2022 to $101 million in 2023.
- Increase in Net Operating Losses (NOLs) from $262 million to $340 million in 2023.
- Expansion of states served to include North and South Carolina, with plans for further expansion.
- Increase in the number of outstanding Alignment Shares from 1,996 to 188 million.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1828723&owner=exclude
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