Alternus Clean Energy FY26 Q1 net loss widens to $892,000; revenue holds at no revenue
ALCE•FY26 first-quarter results
- Alternus Clean Energy posted a net loss of $892,000; loss attributable to common stock narrowed to $80,000 from $180,000.
- Operating loss widened to $1.8 million from operating income of $1.97 million; revenue remained at no revenue.
- Interest expense fell 87% to $276,000, while fair value movement of convertible notes turned to a $2.36 million loss.
- Cash and cash equivalents rose to $363,000 from $32,000; total debt declined to $7.8 million from $16.06 million.
- Management reiterated substantial doubt about going concern, citing term sheets for a $10 million PIPE and up to a $50 million equity line.
