SUNE

#4685
SUNation Energy, Inc. - Common Stock
2.1 6 USD
-0.02%
Market Price
Settore: Tecnologia
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
2.16
2.16
Intervallo Annuale
1.10
9.45
Variazione giornaliera
-1.82%
Variazione Mensile
-4.42%
Variazione di 6 mesi
+64.89%
Variazione Annuale
+30.91%
Chiusura Precedente
2.2 0
Open
2.1 6
Minimo
2.1 6
Massimo
2.1 6
Volume
1
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
Sunation Energy, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Sunation Energy, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Sunation Energy, Inc. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
Sunation Energy, Inc. current report, Q1 FY2026
8-K

Sunation Energy, Inc. current report, Q2 FY2019

Full document

Business Context and Reporting Period

This Form 8-K was filed by Communications Systems, Inc. (CSI) on April 5, 2019. The report details a material agreement entered into by CSI's wholly-owned subsidiary, Suttle, Inc. Note: The filing identifies the registrant as Communications Systems, Inc., not Sunation Energy, Inc.

Key Financial Metrics and Transaction Details

  • Transaction Type: Asset Purchase Agreement for the FutureLinkTM Fiber business line.
  • Buyer: PPC Broadband Inc.
  • Total Sale Price: $5.0 million cash.
  • Cash at Closing: $4.5 million paid immediately.
  • Escrow Amount: $500,000 held for 18 months to cover indemnification obligations.
  • Assets Sold: Inventory and customer relationships associated with the FutureLinkTM Fiber line.
  • Assets Retained: Accounts receivable and the MediaMAXTM product line.
  • Historical Revenue: The sold business line generated $4.9 million in revenue in 2018.

Material Changes and Operational Impact

Effective April 5, 2019, Suttle, Inc. divested its FutureLinkTM Fiber business line. Consequently, future revenue from this specific product line will no longer be reported by CSI. The company retained its component and solutions business, primarily the MediaMAXTM line, which supports key Tier 1 clients. A Transition Services Agreement was executed, requiring Suttle to continue manufacturing products and providing services for PPC for six months post-closing.

Guidance, Outlook, and Risks

Use of Proceeds: Suttle intends to use the sale proceeds for general corporate purposes.
Indemnification: Suttle agreed to indemnify PPC for breaches of representations and liabilities arising from pre-closing operations.
Outlook: The filing does not provide specific forward-looking financial guidance or updated earnings projections beyond the transaction details.

Key Facts for Investor Verification

  • Verify the impact of the $4.9 million revenue loss from the FutureLinkTM line on future quarterly earnings.
  • Confirm the specific allocation of the $5.0 million proceeds for "general corporate purposes."
  • Monitor the six-month transition period to ensure no unexpected costs arise from the Transition Services Agreement.
  • Review future filings for any drawdowns from the $500,000 escrow account due to indemnification claims.