Investor Presentaiton
INCOME STATEMENT(1)(2)
($ in Millions)
Revenue
System Revenues
Virtual Peaking Capacity Revenues
Other Revenues (Tier 3 Support, O&M, PPA, Warranty)
Total Revenues
COGS
System COGS
O&M COGS
Other COGS
Total COGS
Gross Profit
Gross Margin
Expenses
Research & Development
Sales & Marketing
General & Administrative
Income/Loss From Operations
Other Income/ (Expense)
Interest expense
Other Miscellaneous Income / (Expense)
Financial Instruments Revalue / Remeasurement Expense
Net Income
Add back:
Depreciation & Amortization
Other Income (Expense)
Interest expense
Financial Instruments Revalue / Remeasurement Expense
Other
Stock Compensation Expense
Adjusted EBITDA
FY22A
16.0
electriq
power
2022 to 2024 Revenue CAGR=156%
FY23E
19.8
FY24E
104.7
0.1
$16.0
$19.9
0.1
$104.8
(15.6)
(16.9)
(80.0)
(0.0)
(0.0)
($15.6)
(0.4)
($17.3)
0.0
($80.1)
$0.4
$2.5
$24.8
3%
13%
24%
(3.3)
(5.0)
(5.7)
(3.8)
(7.9)
(15.1)
(11.8)
(15.2)
(20.0)
($18.5)
($25.6)
($16.0)
0.0
0.0
(0.1)
(2.1)
(2.0)
(0.0)
12.2
(31.7)
($52.3)
(1.5)
($16.9)
($16.1)
0.2
0.2
0.4
(0.0)
(0.0)
0.0
2.1
2.0
31.7
1.5
Adjusted EBITDA Margin
-
2.3
($16.1)
(100.6%)
1. Annual actuals are audited through FY 2022. All other periods are estimates. Certain figures may not add due to rounding.
2. Assumes (1) 1,100 forecasted systems in the MOUS/LOIS with Access Tab and Barrio Electrico are delivered, (ii) 1,100 systems among existing New Channel Partner customers and (iii) acquisition of
approximately 2,600 homeowners in the Counties of Santa Barbara and San Luis Obispo, the City of Parlier and surrounding areas.
(12.2)
($25.4)
(128%)
($15.7)
(15%)
Strictly Confidential / Not for Redistribution
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