Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 835

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1C
Chunk 835
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    Total for the period 
     48,247  
     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