Every 10-Q that ALTERNUS CLEAN ENGY INC A (ALCE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ALCE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALCE filings page.
Alternus Clean Energy, Inc. reported no operating revenue for the three and six months ended June 30, 2026 and relies on its EverOn Energy LLC joint venture to develop Wind Powered Microgrids under long-term Energy-as-a-Service contracts for future income.
For the six months, the company recorded a net loss of $3.5 million, negative operating cash flow of $1.9 million, and an accumulated deficit of $75.5 million. Cash was $1.07 million against total assets of $57.1 million and current liabilities of $28.6 million, largely term loans and convertible/OID notes.
Management disclosed that these losses, limited liquidity, heavy secured debt, and lack of revenue raise substantial doubt about the ability to continue as a going concern. The company has term sheets for up to $20 million in preferred equity and a proposed $50 million equity line, but both remain subject to conditions and do not remove this doubt.
Results also reflect significant non-cash items: amortization of acquired EverOn intangibles, fair value losses on convertible and OID notes, and gains from settling OID notes with preferred stock. Shareholders’ equity attributable to Alternus increased to $10.1 million, supported by multiple series of convertible preferred stock, while several legal matters have resulted in arbitration awards and court judgments that are accrued as liabilities.
Alternus Clean Energy, Inc. reported first-quarter 2026 results with no revenue and a consolidated net loss of $0.9 million, of which $80 thousand was attributable to common shareholders. Total assets were $56.9 million, driven by $37.0 million of EverOn-related intangible assets and $19.0 million of goodwill.
Liquidity is tight. Cash and cash equivalents were $0.36 million at March 31, 2026, while current liabilities totaled $25.8 million, including $6.8 million of short-term notes and $0.7 million of convertible notes measured at fair value. Operating activities used $1.2 million of cash in the quarter. Management states that these factors, together with the absence of operating revenues and pledged assets, raise substantial doubt about the company’s ability to continue as a going concern.
The company restructured portions of its debt, issuing new Series C, D and E convertible preferred stock and recording a $5.3 million gain on settlement of OID convertible notes, while also recognizing a $1.7 million loss on debt restructuring. Significant legal obligations include a $5.7 million arbitration award to Sunrise and a judgment of about $2.1 million in favor of SCAF. Management has signed term sheets for up to $20.0 million of preferred equity and a proposed $50.0 million equity line but concludes these plans do not remove going-concern uncertainty.
This document appears to be a Form 10-Q quarterly report filing for Alternus Clean Energy, Inc. (OTCQB: ALCE) for the period ending March 31, 2025. The filing contains standard SEC reporting sections including financial statements, management discussion and analysis, and risk disclosures.
Key observations from the available content:
- The company is listed on both OTCQB and OTC Pink markets
- It is classified as a smaller reporting company
- The filing includes comparative financial data for Q1 2025 vs Q1 2024
- The company appears to have recently sold Spanish subsidiaries, as indicated by a "Gain on sale of Spanish subsidiaries" line item
The filing contains forward-looking statements and standard cautionary language regarding risks and uncertainties. However, the specific financial figures and detailed analysis sections are not visible in the provided excerpt, limiting a more comprehensive financial analysis.