Last 7 days
0.5%
Last 30 days
2.3%
Last 90 days
-62.4%
Trailing 12 Months
-73.2%
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Revenue | 1.5% | 470 | 463 | 448 | 429 | 413 |
Gross Profit | - | 142 | - | - | - | - |
S&GA Expenses | 3.7% | 64.00 | 62.00 | 56.00 | 49.00 | 47.00 |
Costs and Expenses | 11.3% | 485 | 436 | 432 | 365 | 337 |
EBITDA | -60.9% | 31.00 | 78.00 | 92.00 | - | - |
EBITDA Margin | -62.6% | 0.07* | 0.18* | 0.22* | - | - |
Earnings Before Taxes | -259.2% | -28.15 | 18.00 | 6.00 | 53.00 | 66.00 |
EBT Margin | -88.7% | 0.01* | 0.12* | 0.16* | - | - |
Interest Expenses | 19.3% | 9.00 | 7.00 | 6.00 | 5.00 | 5.00 |
Net Income | -173.7% | -5.58 | 8.00 | 3.00 | 18.00 | 24.00 |
Net Income Margin | -80.0% | 0.01* | 0.05* | 0.06* | - | - |
Free Cahsflow | -7.6% | 13.00 | 14.00 | 39.00 | - | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Assets | -3.6% | 319 | 331 | 328 | 349 | 353 |
Current Assets | -7.7% | 165 | 179 | 176 | 199 | 202 |
Cash Equivalents | 34.2% | 45.00 | 34.00 | 40.00 | 43.00 | 51.00 |
Inventory | -87.4% | 1.00 | 4.00 | 5.00 | 2.00 | 0.00 |
Net PPE | -0.1% | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 |
Goodwill | 0% | 120 | 120 | 120 | 120 | 120 |
Liabilities | 1.4% | 218 | 215 | 175 | 183 | 192 |
Current Liabilities | -5.0% | 88.00 | 92.00 | 56.00 | 57.00 | 70.00 |
Long Term Debt | - | 115 | - | - | - | - |
LT Debt, Non Current | - | 115 | - | - | - | - |
Shareholder's Equity | -69.0% | 13.00 | 43.00 | 58.00 | 79.00 | 73.00 |
Retained Earnings | -9.0% | 2.00 | 2.00 | 3.00 | 9.00 | 9.00 |
Additional Paid-In Capital | -10.8% | 38.00 | 43.00 | 57.00 | 56.00 | 55.00 |
Accumulated Depreciation | -5.3% | 3.00 | 3.00 | - | - | - |
Shares Outstanding | 0.7% | 3.00 | 3.00 | 3.00 | - | - |
Minority Interest | -72.5% | -24.55 | -14.23 | 8.00 | 15.00 | 11.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Cashflow From Operations | 52.3% | 25.00 | 16.00 | 15.00 | 16.00 | 41.00 |
Share Based Compensation | 10.3% | 4.00 | 3.00 | 4.00 | 4.00 | 3.00 |
Cashflow From Investing | 46.9% | -3.65 | -6.87 | -9.22 | -10.61 | -9.59 |
Cashflow From Financing | 39.9% | -29.65 | -49.30 | -61.69 | -64.89 | -59.04 |
Dividend Payments | 0.6% | 12.00 | 11.00 | 11.00 | 11.00 | 11.00 |
Buy Backs | - | 0.00 | - | - | - | - |
65.8%
60.8%
38.5%
Y-axis is the maximum loss one would have experienced if Via Renewables was unfortunately bought at previous high price.
-19.6%
-21.4%
-31.8%
FIve years rolling returns for Via Renewables.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | sold off | -100 | -38,000 | - | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | new | - | 28,000 | 28,000 | -% |
2023-05-18 | JPMORGAN CHASE & CO | new | - | 193,000 | 193,000 | -% |
2023-05-18 | JPMORGAN CHASE & CO | sold off | -100 | -2,750,000 | - | -% |
2023-05-16 | JANE STREET GROUP, LLC | sold off | -100 | -131,899 | - | -% |
2023-05-16 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | sold off | -100 | -184,292 | - | -% |
2023-05-15 | PNC Financial Services Group, Inc. | sold off | -100 | -122,819 | - | -% |
2023-05-15 | Legal & General Group Plc | new | - | 4,999 | 4,999 | -% |
2023-05-15 | Legal & General Group Plc | sold off | -100 | -6,970 | - | -% |
2023-05-15 | PRICE T ROWE ASSOCIATES INC /MD/ | new | - | 330,000 | 330,000 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
May 23, 2023 | maxwell w keith iii | 65.8% | 4,755,798 | SC 13D/A | |
Apr 06, 2023 | blackrock inc. | 0.0% | 0 | SC 13G/A | |
Feb 13, 2023 | renaissance technologies llc | 5.09% | 806,648 | SC 13G/A | |
Feb 01, 2023 | blackrock inc. | 5.7% | 902,105 | SC 13G/A | |
Feb 11, 2022 | renaissance technologies llc | 6.27% | 976,848 | SC 13G/A | |
Feb 03, 2022 | blackrock inc. | 5.6% | 867,729 | SC 13G |
Date Filed | Form Type | Document | |
---|---|---|---|
Jun 01, 2023 | 4 | Insider Trading | |
Jun 01, 2023 | 8-K | Current Report | |
May 23, 2023 | SC 13D/A | 13D - Major Acquisition | |
May 22, 2023 | 4 | Insider Trading | |
May 22, 2023 | 4 | Insider Trading | |
May 22, 2023 | 4 | Insider Trading | |
May 22, 2023 | 4 | Insider Trading | |
May 22, 2023 | 4 | Insider Trading | |
May 22, 2023 | 4 | Insider Trading | |
May 04, 2023 | 10-Q | Quarterly Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-05-31 | Maxwell W Keith III | gifted | - | - | -6,150 | chief executive officer |
2023-05-18 | Konikowski Paul | sold (taxes) | -7,014 | 12.46 | -563 | chief operating officer |
2023-05-18 | Konikowski Paul | acquired | - | - | 2,291 | chief operating officer |
2023-05-18 | Barajas Mike | sold (taxes) | -13,955 | 12.46 | -1,120 | chief financial officer |
2023-05-18 | Barajas Mike | acquired | - | - | 4,570 | chief financial officer |
2023-05-18 | Clay Barbara | acquired | - | - | 1,716 | acting general counsel and sec |
2023-05-18 | Maxwell W Keith III | sold (taxes) | -183,411 | 12.46 | -14,720 | chief executive officer |
2023-05-18 | Maxwell W Keith III | acquired | - | - | 36,768 | chief executive officer |
2023-05-18 | Bush Amanda | acquired | - | - | 1,455 | - |
2023-05-18 | Hartwick Kenneth Michael | acquired | - | - | 3,297 | - |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
Revenues: | ||
Retail revenues | $ 135,125 | $ 128,058 |
Net asset optimization expense | (3,273) | (904) |
Total Revenues | 131,852 | 127,154 |
Operating Expenses: | ||
Retail cost of revenues | 117,441 | 68,707 |
General and administrative | 17,225 | 14,935 |
Depreciation and amortization | 3,336 | 5,184 |
Total Operating Expenses | 138,002 | 88,826 |
Operating (loss) income | (6,150) | 38,328 |
Other (expense) income: | ||
Interest expense | (2,697) | (1,307) |
Interest and other income | 80 | 48 |
Total other expenses | (2,617) | (1,259) |
(Loss) income before income tax expense | (8,767) | 37,069 |
Income tax (benefit) expense | (1,996) | 6,044 |
Net (loss) income | (6,771) | 31,025 |
Less: Net (loss) income attributable to non-controlling interests | (6,584) | 18,052 |
Net (loss) income attributable to Via Renewables, Inc. stockholders | (187) | 12,973 |
Less: Dividend on Series A Preferred Stock | 2,544 | 1,951 |
Net (loss) income attributable to stockholders of Class A common stock, basic | (2,731) | 11,022 |
Net (loss) income attributable to stockholders of Class A common stock, diluted | $ (2,731) | $ 11,022 |
Net (loss) income attributable to Via Renewables, Inc. per share of Class A common stock | ||
Basic (in dollars per share) | $ (0.86) | $ 3.52 |
Diluted (in dollars per share) | $ (1.26) | $ 3.49 |
Weighted average shares of Class A common stock outstanding | ||
Basic (in shares) | 3,173 | 3,131 |
Diluted (in shares) | 7,173 | 3,159 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 45,162 | $ 33,658 |
Restricted cash | 0 | 1,693 |
Accounts receivable, net of allowance for doubtful accounts of $4,612 at March 31, 2023 and $4,335 at December 31, 2022 | 65,309 | 81,466 |
Accounts receivable—affiliates | 5,805 | 6,455 |
Inventory | 556 | 4,405 |
Fair value of derivative assets, net | 43 | 1,632 |
Customer acquisition costs, net | 4,283 | 3,530 |
Customer relationships, net | 704 | 2,520 |
Deposits | 9,591 | 10,568 |
Renewable energy credit asset | 24,877 | 24,251 |
Other current assets | 8,878 | 8,749 |
Total current assets | 165,208 | 178,927 |
Property and equipment, net | 4,686 | 4,691 |
Fair value of derivative assets, net | 0 | 666 |
Customer acquisition costs, net | 1,756 | 1,683 |
Customer relationships, net | 396 | 481 |
Deferred tax assets | 23,181 | 20,437 |
Goodwill | 120,343 | 120,343 |
Other assets | 3,403 | 3,722 |
Total assets | 318,973 | 330,950 |
Current liabilities: | ||
Accounts payable | 28,139 | 53,296 |
Accounts payable—affiliates | 322 | 265 |
Accrued liabilities | 8,808 | 8,431 |
Renewable energy credit liability | 17,107 | 13,722 |
Fair value of derivative liabilities, net | 33,120 | 16,132 |
Other current liabilities | 81 | 322 |
Total current liabilities | 87,577 | 92,168 |
Long-term liabilities: | ||
Fair value of derivative liabilities, net | 4,313 | 2,715 |
Long-term portion of Senior Credit Facility | 111,000 | 100,000 |
Subordinated debt—affiliates | 15,000 | 20,000 |
Other long-term liabilities | 0 | 18 |
Total liabilities | 217,890 | 214,901 |
Commitments and contingencies (Note 12) | ||
Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 3,567,543 shares issued and outstanding at March 31, 2023 and December 31, 2022 | 87,880 | 87,713 |
Stockholders' equity: | ||
Additional paid-in capital | 38,244 | 42,871 |
Accumulated other comprehensive loss | (40) | (40) |
Retained earnings | 1,886 | 2,073 |
Treasury stock, at cost, 28,919 shares at March 31, 2023 and December 31, 2022 | (2,406) | (2,406) |
Total stockholders' equity | 37,756 | 42,570 |
Non-controlling interest in Spark HoldCo, LLC | (24,553) | (14,234) |
Total equity | 13,203 | 28,336 |
Total liabilities, Series A Preferred Stock and Stockholders' equity | 318,973 | 330,950 |
Common Class A | ||
Stockholders' equity: | ||
Common stock | 32 | 32 |
Common Class B | ||
Stockholders' equity: | ||
Common stock | $ 40 | $ 40 |