Here are the 10-Q quarterly reports from Aedis Energy Inc (ALCED) in our archive since June 2025, 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 ALCED 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 ALCED filings page.
Alternus Clean Energy, Inc. reports Q3 2025 results showing a business still under significant financial strain but reshaped by a major joint venture. The company generated no revenue from continuing operations and recorded a Q3 net loss of $9.7M, with a nine‑month loss of $4.7M. Total assets jumped to $57.5M as of September 30, 2025, driven by newly recognized intangibles and goodwill from the EverOn Energy joint venture, while total liabilities were $34.9M and total shareholders’ equity was $22.6M, including $20.4M of noncontrolling interest. Despite this, the company had only $39K of cash, recurring operating losses, and heavy use of convertible and OID notes, leading management to conclude there is substantial doubt about its ability to continue as a going concern. During 2025 the company was delisted from Nasdaq due to listing rule noncompliance, and its common stock now trades on the OTC market.
Alternus Clean Energy filed its Q2 2025 10‑Q, reporting net income of $5,234 (in thousands), driven mainly by an $11,924 gain on sale of subsidiaries and a $162 fair value gain on warrants. Operating revenue was $0, while selling, general and administrative expenses were $3,689 (in thousands). Other expenses totaled $(3,001) (in thousands), including interest expense of $(1,250) and fair value movement of convertible debt of $(882) (in thousands).
The balance sheet remains constrained: cash and cash equivalents were $10 (in thousands), total assets were $4,806, and total current liabilities were $25,942 (in thousands). Shareholders’ deficit stood at $(21,136) (in thousands). Net cash used in operating activities for the six months was $(1,848) (in thousands). Debt was $10,707 (in thousands), all classified as current.
Management disclosed substantial doubt about going concern due to recurring losses, limited cash, and debt maturities. The company received a Nasdaq delisting determination effective February 12, 2025; its common stock now trades on the OTCQB. Legal matters include an arbitration award of $5,700 (in thousands) to Sunrise and a Delaware court summary judgment of approximately $1,500 (in thousands) plus interest and fees to SPAC Sponsor Capital Access, which the company is assessing and discussing further.