Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 190

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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 for continuing operations decreased by
$4.9 million, -for the three months ended March 31, 2025 compared to the same period in 2024. This is primarily due to a decrease in SG&A
expenses of $1.7 million and a gain of $3.5 million from the sale of the Spanish subsidiaries.

    Three Months Ended March 31, 

    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Revenues 
    $-  
    $93  
    $93  
     (100)%
  
    Cost of revenues 
     -  
     (15) 
     (15) 
     (100)%
  
    Selling, general, and administrative 
     (1,490) 
     (3,107) 
     (1,707) 
     (55)%
  
    Depreciation, amortization, and accretion 
     (130) 
     (70) 
     60  
     85%
  
    Development costs 
     -  
     (7) 
     (7) 
     (100)%
  
    Gain on sale of continuing operations 
     3,589  
     -  
     3,588  
     100%
  
    Other expenses 
     (2,149) 
     (1,981) 
     (158) 
     (8)%
  
    Loss from continuing operations 
    $(180) 
    $(5,087) 
    $4,907  
     (96)%

Net loss for discontinued operations decreased
by $1.4 million for the three months ended March 31, 2025 compared to the same period in 2024. This is primarily due to a decrease in
cost of revenues of $1.0 million, SG&A expenses of $0.6 million, depreciation of $0.7 million, interest expense of $3.3 million, and
other expenses of $0.2 million. This was offset by a decrease in revenues of $2.2 million and decrease in the gain of disposal of assets
of $2.2 million for the net sale of the Poland, Netherlands, and Romanian operating parks in January, February, and October 2024, respectively.