a mission-driven company sunlight financial is funding america’s transition to a clean energy future, house-by-house, roof-by-roof. currently a rapidly growing provider of consumer loans for residential solar, the company is expanding to new products, including energy storage and energy efficiency. sunlight partners with leading solar installers nationwide to help homeowners save money and protect our environment. the company’s front-end tools and back-end credit expertise simplify and streamline home energy lending, enabling sunlight’s channel partners to provide homeowners with the benefits of system ownership. an empowering and entrepreneurial culture sunlight financial empowers its employees to make a positive impact, at our company and in our world. the clean energy revolution is fast moving, and fast changing. in our entrepreneurial company and young industry, flexibility and initiative are key to our employees’ success in supporting our partners. our salaries are competitive and
Company profile
Ticker
SUNLQ, SULWQ
Exchange
Website
CEO
Matthew R. Potere
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Spartan Acquisition Corp. II
SEC CIK
Corporate docs
Subsidiaries
Sunlight Financial LLC • SL Financial Investor I LLC • SL Financial Investor II LLC • SL Financial Holdings Inc. ...
SUNLQ stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
7 Dec 23
8-K
Bankruptcy or Receivership
13 Nov 23
8-K
Sunlight Financial Acquired by Leading Solar Industry Investors
31 Oct 23
8-K
Departure of Directors or Certain Officers
13 Oct 23
25-NSE
Exchange delisting
10 Oct 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
28 Sep 23
8-K
Entry into a Material Definitive Agreement
12 Sep 23
8-K
Sunlight Financial Announces 1-for-20 Reverse Stock Split
23 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
17 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
Transcripts
SUNLQ
Earnings call transcript
2023 Q1
15 May 23
SUNLQ
Earnings call transcript
2022 Q3
15 Nov 22
SUNLQ
Earnings call transcript
2022 Q2
16 Aug 22
SUNLQ
Earnings call transcript
2022 Q1
17 May 22
SUNLQ
Earnings call transcript
2021 Q4
30 Mar 22
SUNLQ
Earnings call transcript
2021 Q3
16 Nov 21
SUNLQ
Earnings call transcript
2021 Q2
17 Aug 21
SUNLQ
Earnings call transcript
2021 Q2
17 Aug 21
Latest ownership filings
SC 13G/A
ALLIANCEBERNSTEIN L.P.
8 Dec 23
4
William B Miller
3 Oct 23
SC 13G
ALLIANCEBERNSTEIN L.P.
11 Sep 23
SC 13G/A
ALLIANCEBERNSTEIN L.P.
11 Sep 23
4
William B Miller
5 Sep 23
4
Rodney Yoder
8 Aug 23
4
William B Miller
2 Aug 23
4
William B Miller
11 Jul 23
4
William B Miller
5 Jul 23
4
Matthew Potere
23 Jun 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 86.37 mm | 86.37 mm | 86.37 mm | 86.37 mm | 86.37 mm | 86.37 mm |
Cash burn (monthly) | (no burn) | (no burn) | 27.71 mm | 54.24 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 274.29 mm | 536.84 mm | n/a | n/a |
Cash remaining | n/a | n/a | -187.92 mm | -450.47 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | -6.8 | -8.3 | n/a | n/a |
Institutional ownership, Q3 2023
84.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 8 |
Opened positions | 0 |
Closed positions | 58 |
Increased positions | 0 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 525.11 mm |
Total shares | 72.68 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Tiger Infrastructure Partners | 29.62 mm | $280.18 mm |
FTV V | 25.27 mm | $239.07 mm |
Apollo Principal Holdings III GP | 17.24 mm | $0.00 |
Alliancebernstein | 539.85 k | $1.33 mm |
Capital Advisors, LLC- CA Arena | 9.94 k | $4.48 mm |
Archer Investment | 125.00 | $56.00 k |
Farther Finance Advisors | 12.00 | $5.00 k |
Tucker Asset Management | 2.00 | $1.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Sep 23 | William B Miller | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.45 | 45 | 20.25 | 16,337 |
31 Aug 23 | William B Miller | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.46 | 47 | 115.62 | 16,382 |
4 Aug 23 | Rodney Yoder | Class A Common Stock | Grant | Acquire A | No | No | 0 | 490,196 | 0.00 | 881,542 |
31 Jul 23 | William B Miller | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.52 | 941 | 489.32 | 328,567 |
9 Jul 23 | William B Miller | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.32 | 3,279 | 1.05 k | 329,508 |