Solar Alliance Energy, Inc. Announces Q1 Earnings, Continued Progress

Core Viewpoint - Solar Alliance Energy Inc. reported a decline in revenue for Q1 2025 due to severe weather conditions affecting project timelines, but remains optimistic about future growth in the commercial solar sector [2][3]. Financial Performance - Revenue for Q1 2025 was $835,609, down from$1,604,326 in Q1 2024, reflecting a decrease of approximately 48% [3][7]. - Cost of sales for Q1 2025 was $882,092, compared to$1,014,394 in Q1 2024, resulting in a gross deficit of $46,483, a significant decline from a profit of$585,932 in the previous year [7]. - The net deficit for Q1 2025 was $474,277, contrasting with a net income of$141,303 in Q1 2024 [7]. - Total expenses for Q1 2025 were $424,065, slightly down from$451,188 in Q1 2024 [7]. - The company reported a cash balance of $13,111 as of March 31, 2025 [7]. Business Operations and Strategy - The primary activity in Q1 2025 involved the construction of a large solar project in Kentucky, which faced delays due to severe weather [3]. - The company continues to target larger customers for solar system sales and installations, focusing on utility and commercial sectors, with projects up to 5MWs [5]. - Solar Alliance is committed to servicing small and medium-sized businesses in rural communities while pursuing larger commercial and community solar projects [6]. - The company aims for full-year profitability in 2025, emphasizing opportunities in the Southeast U.S. commercial solar sector [3][6]. Growth Opportunities - Solar Alliance is exploring corporate growth opportunities through partnerships, joint ventures, and other initiatives that align with its profitability and market opportunity criteria [7].