Zeo Energy reports Q3 net loss ($2.9M) vs net income $4M last year

ReportsQ3 revenue of $19.7 million, a quarter-over-quarter increase of approximately $4.9 million .”In the third quarter we continued to maintain our focus on profitability through our flexible operating model and disciplined expense management,” said Zeo Energy (ZEO) Corp. CEO Tim Bridgewater. “While the broader solar industry remains challenged by several near-term headwinds, we were still able to drive revenue growth quarter over quarter and believe that current performance has largely stabilized in the near to medium-term. “In recognition of the current environment, we’ve continued to survey the market for quality assets to bolster our geographic and strategic positioning over the long term. Our recent acquisition of Lumio’s assets exemplifies this strategy, and we believe it enables us to expand our scale and market presence, which will now include California. Going forward, we expect there will be continued consolidation in the market, and we will be proactive in identifying similar opportunities as they arise. “As we move into the new year, our sales and recruitment efforts are proceeding according to plan, and we should be well positioned for the next sales season. Put together, we believe these actions should have us growing at above-industry rates in 2025 and beyond.” First Nine Months 2024