Solar Alliance Energy, Inc. Announces Q1 Earnings, Continued Progress
TORONTO and KNOXVILLE, Tenn., June 02, 2025 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. ('Solar Alliance' or the 'Company') (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, announces it has filed its unaudited financial results for the three months ended March 31, 2025. The Company's Financial Statements and related Management's Discussion and Analysis are available under the Company's profile at www.sedarplus.ca.
'Solar Alliance's main activity in Q1 2025, was the build-out of a large solar energy project for major repeat customer located in Kentucky. Due to unusually severe weather in Kentucky, which included widespread flooding, power outages, and tornadoes throughout the state, the project experienced delays in the quarter. This led to a reduced level of activity and a decline in revenues to $835,609, in Q1 2025 compared to $1,604,326, in Q1 2024. 'As the severe weather setbacks subside, the company is coordinating closely with our client and our partners to expedite delivery of the project,' said CEO Brian Timmons. 'This contract is expected to be concluded in the second quarter of 2025.'
'Solar Alliance continues to see strong demand for commercial solar projects, and we remain focused on these larger projects, and community solar projects to generate meaningful growth. In addition to executing on larger projects, to the Company continues to service a steady flow of renewable energy projects for small and medium-sized businesses in rural communities. Looking ahead, we continue to target full-year profitability for 2025 as we focus on opportunities in the Southeast U.S commercial solar sector,' concluded Timmons.
Key financial highlights for Q1, 2024
Revenue for the three months ended March 31, 2025, was $835,609 compared to $1,604,326 in the comparative period in 2024.
Cost of sales of $882,092 (Q1, 2024: $1,01,4394) resulting in a gross deficit of $46,483 (Q1, 2024: profit $585,932).
Net deficit of $474,277 (Q1, 2024: Net Income $141,303).
Cash balance of $13,111.
Total expenses of $424,065 (Q1, 2024: $451,188).The Company continues to target larger customers for solar system sales and installations, specifically for utility and commercial customers. The Company's business development activity is now engaged in assessing specific projects of a scale up to 5MWs. The board believes the Company has a competitive advantage and can offer a compelling proposition in this segment of the market. In this regard, the Company's track record and engagement with local power companies and progressive, high-quality corporate customers evidences its capacity to successfully undertake solar projects in the multi-megawatt range.
While pursuing a determined, new focus on larger, commercial and local community solar projects, with a view to accelerating growth rapidly, the Company will continue, as a base level activity, to service the demand from small and medium-sized businesses in rural communities. The strength of demand for projects at this size level could be impacted by curtailment of certain incentives, referred to below, arising from budgetary developments arising from the current political background, referred to below.
Corporate growth opportunities. The Company is also pursuing corporate opportunities to expand through partnerships, joint ventures or other initiatives that meet the Company's criteria of profitability, market opportunity and strong management teams.
Brian Timmons, CEO
For more information:
Investor RelationsBrian Timmons, CEO1.865 888 9925btimmons@solaralliance.com
About Solar Alliance Energy Inc. (www.solaralliance.com)
Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance's strategy is to ultimately build, own and operate our own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility community customers.The words 'would', 'will', 'expected' and 'estimated' or other similar words and phrases are intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements with respect to the resumption of trading of the Company's common shares. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: the ability to complete the Company's projects on schedule or at all, uncertainties related to the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation, legislative or other judicial, regulatory, legislative and political competitive developments; technological or operational difficulties; the ability to maintain revenue growth; the ability to execute on the Company's strategies; the ability to complete the Company's current and backlog of solar projects; the ability to grow the Company's market share; the high growth rate of the US solar industry; the ability to convert the backlog of projects into revenue; the expected timing of the construction and completion of the 1500 kW Kentucky solar projects; the targeting of larger customers; the ability to predict and counteract the effects, should they re-emerge, of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19, on the construction sector, capital market conditions, restriction on labour and international travel and supply chains; potential corporate growth opportunities and the ability to execute on the key objectives in 2025. Consequently, actual results may vary materially from those described in the forward-looking statements.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
TD Securities Reaffirms Their Buy Rating on Rogers Comm Cl A (RCI.A)
In a report released on July 24, Vince Valentini from TD Securities maintained a Buy rating on Rogers Comm Cl A, with a price target of C$58.00. The company's shares closed last Friday at C$50.15. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Valentini covers the Communication Services sector, focusing on stocks such as Rogers Communication, Rogers Comm Cl A, and Quebecor. According to TipRanks, Valentini has an average return of 0.8% and a 54.80% success rate on recommended stocks. In addition to TD Securities, Rogers Comm Cl A also received a Buy from Desjardins's Jerome Dubreuil in a report issued on July 24. However, on the same day, Scotiabank maintained a Hold rating on Rogers Comm Cl A (TSX: RCI.A). The company has a one-year high of C$59.00 and a one-year low of C$38.01. Currently, Rogers Comm Cl A has an average volume of 2,831.
Miami Herald
2 hours ago
- Miami Herald
GameSquare Regains Compliance with Nasdaq's Minimum Bid Price Requirement
FRISCO, TX / ACCESS Newswire / July 25, 2025 / GameSquare Holdings, Inc. (NASDAQ:GAME) today announced that it received formal written confirmation from The Nasdaq Stock Market, LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement. To regain compliance with the Minimum Bid Price Requirement, the Company's common shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days. The closing bid price of the shares has been at $1.00 per share or greater for 10 consecutive business days from July 8 to July 21, 2025. Accordingly, Nasdaq Listing Qualifications Staff has notified the Company that it has determined that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and the matter is now closed. About GameSquare Holdings, Inc. GameSquare (NASDAQ: GAME) is a cutting-edge media, entertainment, and technology company transforming how brands and publishers connect with Gen Z, Gen Alpha, and Millennial audiences. With a platform that spans award-winning creative services, advanced analytics, and FaZe Clan, one of the most iconic gaming organizations, we operate one of the largest gaming media networks in North America. Complementing our operating strategy, GameSquare operates a blockchain-native Ethereum treasury management program designed to generate onchain yield and enhance capital efficiency, reinforcing our commitment to building a dynamic, high-performing media company at the intersection of culture, technology, and next-generation financial innovation. To learn more, visit Forward-Looking Statements: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future performance, revenue, growth and profitability; and the Company's ability to execute on its current and future business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's ability to grow its business and being able to execute on its business plans, the success of Company's vendors and partners in their provision of services to the Company, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. GameSquare Corporate Contact Lou Schwartz, PresidentPhone: (216) 464-6400Email: ir@ GameSquare Investor Relations Andrew BergerPhone: (216) 464-6400Email: ir@ GameSquare Media Relations Chelsey Northern / The UntoldPhone: (254) 855-4028Email: pr@ SOURCE: GameSquare Holdings, Inc.
Miami Herald
2 hours ago
- Miami Herald
32.5 Million Engines Later, Honda's Ohio Plant Turns 40
Honda is celebrating 40 years of engine production at its Anna Engine Plant in Ohio. What started as a modest motorcycle engine facility in the mid-80s has grown into the company's largest engine plant in the world. As Honda shifts toward hybrid and electric power, shown by models like the new hybrid Prelude, the Anna plant is evolving to keep pace with the future of mobility. Since opening its doors in 1985, the Anna Engine Plant has built over 32.5 million engines. That includes everything from basic four-cylinders for the Civic to high-output V6s found in Acura performance cars and SUVs. Back then, it was a 200,000 square-foot facility with fewer than 100 workers. Today, it covers 2.8 million square feet and supports nearly 3,000 employees. The plant currently produces a wide range of four-cylinder and V6 engines, including turbocharged and hybrid variants. It also makes essential components like cylinder heads, camshafts, crankshafts, and the precision pulleys used in Honda's CVTs. Engines from Anna have powered some of Honda's most iconic vehicles. The plant builds the 190-hp 1.5-liter turbo used in the Civic, Accord, CR-V, and Acura Integra, as well as the 315-hp 2.0-liter turbo found in the Civic Type R and Integra Type S. It even produced the 500-hp 3.5-liter twin-turbo V6 that lived in the second-generation Acura NSX supercar. But Anna's output isn't all about performance. It's also behind the hybrid engines that help fuel-efficient models like the Accord and CR-V deliver impressive fuel economy. It's clear as day that the Anna Engine Plant has played a huge role in shaping Honda and Acura's lineup across North America. While gas and hybrid engines are still a major focus, Anna is already preparing for Honda's next chapter. The plant has started producing aluminum battery cases for upcoming EVs, using cutting-edge processes like megacasting, Minimum Quantity Lubrication machining, and friction stir welding. These battery cases will be shipped to the Marysville Auto Plant, where they'll be paired with battery modules to power the next generation of Honda and Acura electric vehicles, including the Honda Prologue. Full EV production is set to begin in Ohio in 2026. With four decades of experience and a clear role in Honda's future, the Anna Engine Plant continues to be a key part of the company's evolution. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
