Altus Power, Inc (AMPS) Tops Q2 EPS by 16c

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Go back to Altus Power, Inc (AMPS) Tops Q2 EPS by 16c

Altus Power, Inc. Announces Second Quarter 2022 Financial Results

August 15, 2022 7:00 AM EDT

Second Quarter 2022 Financial Highlights

Generated revenues of $24.8 million during second quarter 2022, an increase of 41% over second quarter 2021 Second quarter 2022 GAAP net income of $21.6 million, as compared to second quarter 2021 net loss of $0.4 million driven by a $21.4 million non-cash gain from fair value remeasurement of both warrants and alignment shares Second quarter 2022 adjusted EBITDA* of $13.9 million, an increase of 37% over second quarter 2021 Reaffirmed full year 2022 adjusted EBITDA* guidance of $57-63 million

Second Quarter Business Highlights

Completed conversion of initial CBRE client engagement into long-term... More