Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 102

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 102
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 Solis recognized a waiver fee of $11.2 million in 2023. 63 Net Loss Net loss for continuing operations increased by $0.6 million for the three months ended September 30, 2024 compared to the same period in 2023. This is primarily due a reduction in revenues of $1.2 million and increase in SG&A expenses of $0.6 million driven by additional costs associated with being listed on Nasdaq, and development costs of $0.7 million. This was partially offset by a decrease in cost of revenues of $0.2 million, depreciation of $0.4 million due to asset sales, interest expense of $0.2 million, and other expense of $1.1 million as described above. Net loss for continuing operations increased by $7.7 million for the nine months ended September 30, 2024 compared to the same period in 2023. This is primarily due to a $2.7 million reduction in revenues and an increase in SG&A expenses of $4.2 million due to costs associated with being listed on Nasdaq, interest expense of $2 million, development costs of $0.4 million, and other expense of $2.3 million as described above. This was partially offset by a decrease in cost of revenues of $0.7 million, and depreciation of $1.2 million. Net loss for discontinued operations decreased by $10.1 million for the three months ended September 30, 2024 compared to the same period in 2023. This is primarily due to a decrease in revenues of $5 million, cost of revenues of $0.5 million, SG&A expenses of $0.9 million, depreciation of $0.7 million, interest expense of $2.1 million, other expense of $11.3 million, and tax expense of $0.2 million. This was offset by an increase in the costs associated to the disposal of Romanian assets of $0.7 million Net loss for discontinued operations decreased by $10.8 million for the nine months ended September 30, 2024 compared to the same period in 2023. This is primarily due to a decrease in revenues of $13.5 million, cost of revenues of $1.7 million, SG&A expenses of $0.9 million, depreciation of $2 million, development costs of $0.4 million, interest expense of $6.2 million, other expense of $11.4 million,