Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1294

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 3
Chunk 1294
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     165,463 

52

Consolidated Results of Operations

The following table illustrates the consolidated
results of operations for the years ended December 31, 2024 and 2023 (in thousands):

    Year Ended December 31, 

    2024  
    2023 

    Revenues 
    $311  
    $3,476 

    Operating Expenses 

    Cost of revenues 
     (364) 
     (1,301)
  
    Selling, general, and administrative 
     (11,984) 
     (4,934)
  
    Depreciation, amortization, and accretion 
     (215) 
     (1,673)
  
    Development costs 
     (748) 
     (360)
  
    Impairment of Spanish assets 
     (3,263) 
     - 
  
    Loss on disposal of assets 
     -  
     (5,501)
  
    Total operating expenses 
     (16,574) 
     (13,769)

    Loss from continuing operations 
     (16,263) 
     (10,293)

    Other income/(expense): 

    Interest expense 
     (8,774) 
     (5,634)
  
    Valuation on FPA asset 
     -  
     (16,642)
  
    Fair value movement of FPA asset 
     (483) 
     - 
  
    Fair value movement of convertible debt 
     67  
     - 
  
    Fair value movement of warrant 
     565  
     - 
  
    Net loss on issuance of debt 
     (520) 
     - 
  
    Gain on extinguishment of debt 
     179  
     - 
  
    Other expense 
     (506) 
     (29)
  
    Other income 
     1,571  
     - 
  
    Total other expenses 
     (7,901) 
     (22,305)
  
    Loss before provision for income taxes 
     (24,164) 
     (32,598)
  
    Income taxes 
     (590) 
     (15)
  
    Loss from continuing operations 
     (24,754) 
     (32,613)