Business Context and Reporting Period
This Form 8-K was filed by XL Fleet Corp. on March 31, 2021 under Item 2.02 to announce the company’s financial and operating results for the fourth quarter and year ended December 31, 2020. The filing identifies XL Fleet Corp. as the registrant; it does not identify Spruce Power Holding Corp.
The filing furnishes a March 31, 2021 press release as Exhibit 99.1, but the press release text and underlying financial statements are not included in the provided filing content.
Financial Metrics
- Revenue, profit or loss, cash flow, margins, debt, liquidity, and other financial metrics: the filing text does not provide clear values.
- The filing only states that fourth-quarter and full-year 2020 financial and operating results were announced in the attached press release.
Material Changes Versus the Prior Comparable Period
The filing does not provide quantitative or qualitative comparisons with the prior-year quarter or year.
Guidance, Outlook, Risks, and Unusual Items
- Guidance and outlook: not provided in the filing text.
- Management commentary: not provided beyond the announcement that results were released.
- Risks, contingencies, and unusual items: not disclosed in the provided text.
- The information under Item 2.02 and Exhibit 99.1 was furnished, not filed, and was not incorporated by reference into other filings.
- XL Fleet identified itself as an emerging growth company.
Key Facts for Investor Verification
- Verify the registrant identity, because the request metadata names Spruce Power Holding Corp., while the filing names XL Fleet Corp.
- Review Exhibit 99.1 for the actual fourth-quarter and full-year 2020 results, operating metrics, guidance, and management commentary.
- Confirm whether the results release included non-GAAP measures and reconcile those measures to reported GAAP results.
- Verify the filing date and reporting period: filed March 31, 2021, covering the quarter and year ended December 31, 2020.