Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 836

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1C
Chunk 836
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,754) 
     (32,613)

    Discontinued operations: 

    Loss from operations of discontinued business components 
     (7,543) 
     (13,692)
  
    Gain on sale of discontinued operations, net assets 
     53,462  
     - 
  
    Solis bond waiver fee 
     -  
     (11,232)
  
    Impairment loss recognized on the remeasurement to fair value less costs to sell 
     -  
     (11,766)
  
    Income tax 
     (87) 
     (161)
  
    Income/(loss) from discontinued operations 
     45,832  
     (36,851)
  
    Net income/(loss) for the period 
    $21,078  
    $(69,464)

    Basic & diluted earnings loss per share of common stock: 

    Continuing operations 
    $(7.01) 
    $(11.28)
  
    Discontinued operations 
     12.98  
     (12.74)
  
    Total earnings loss per share of common stock, basic & diluted 
    $5.97  
    $(24.02)
  
    Weighted-average common stock outstanding, basic & diluted 
     3,530,500  
     2,892,215 

    Comprehensive income/(loss): 

    Net income/(loss) 
    $21,078  
    $(69,464)
  
    Foreign currency translation adjustment 
     245  
     714 
  
    Comprehensive income/(loss) 
    $21,323  
    $(68,750)

53

Fiscal Year Ended December 31, 2024 compared
to December 31, 2023.

The Company generates its revenue from the sale
of electricity from its solar parks. The revenue is from FiT, PPA, REC, or in the day-ahead or spot market.

Revenue

Revenue for the year ended December 31, 2024 and
2023 were as follows:

    Year Ended December 31, 
  
    Revenue by Country 
    2024  
    2023  
    Change 
($)  
    Change 
(%) 

    (in thousands) 
  
    Italy 
    $-  
    $3,360  
    $(3,360) 
     (100)