Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 184

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 184
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%

    Discontinued Operations: 

    Netherlands 
    $-  
    $115  
    $(115) 
     (100)%
  
    Poland 
     -  
     101  
     (101) 
     (100)%
  
    Romania 
     -  
     819  
     (819) 
     (100)%
  
    Total for discontinued operations 
    $-  
    $1,035  
    $(1,035) 
     (100)%
  
    Total for the period 
    $-  
    $1,050  
    $(1,050) 
     (100)%

Cost of revenues for continuing operations decreased
by $15 thousand for the three months ended March 31, 2025 compared to the same period in 2024. The decrease was due to the operating parks
in the United States being sold in November of 2024.

Cost of revenues for discontinued operations decreased
by $1.0 million for the three months ended March 31, 2025 compared to the same period in 2024 due to all operating parks in Poland, the
Netherlands, and Romania being sold on January 19, 2024, February 21, 2024 and October 3, 2024, respectively.

Selling, General and Administrative Expenses

Selling, general and administrative expenses for
the year ended March 31, 2025 and 2024 were as follows:

    Three Months Ended December 31, 

    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Selling, general and administrative 
    $1,490  
    $3,107  
    $(1,680) 
     (54)%
  
    Total for continuing operations 
    $1,490  
    $3,107  
    $(1,680) 
     (54)%

    Discontinued Operations: 

    Selling, general and administrative 
    $-  
    $640  
    $(640) 
    $(100)%
  
    Total for discontinued operations 
    $-  
    $640  
    $(640) 
    $(100)%
  
    Total for the period 
    $1,490  
    $3,747  
    $(2,