SUNation Energy Issues Letter to Shareholders in Conjunction With Filing of Form 10-K
1. SUNE's sales declined to $56.9 million from $79.6 million in 2023. 2. New capital allowed eliminating $12.6 million in secured debts and obligations. 3. Gross margin improved to 35.9%, reflecting better cost controls. 4. Leadership changes aim to enhance governance and operational efficiency. 5. Positive outlook for operational growth and strategic acquisitions in 2025.