Core Viewpoint - Solar Alliance Energy Inc. has reported a decrease in revenues for 2024 compared to 2023, but has seen improvements in gross profits and a significant reduction in net losses, indicating a move towards breakeven [1][7]. Financial Highlights - Revenue for 2024 decreased to $5,446,757 from $7,473,937 in 2023 - Cost of sales reduced to $3,873,917 from $6,399,169, resulting in a gross profit of $1,572,840, up from $1,074,768 in 2023 - Net loss narrowed to $684,134 from $1,811,861 in 2023 - Total expenses decreased by 5.5% to $2,869,308 from $3,037,881 in 2023 - Salaries and benefits increased slightly to $1,367,439 from $1,343,363 in 2023 [7]. Business Strategy and Outlook - The company is shifting focus towards larger commercial projects in the 1MW to 5MW range, aiming for profitable delivery to support future growth [2][5]. - Solar Alliance continues to benefit from repeat customers while exploring new opportunities in solar system sales and installations [5]. - The company is well-positioned to capitalize on the growing demand for renewable energy and the shift towards competitively priced energy as a driver of economic growth [3]. Project Development - In 2024, Solar Alliance completed 3MW of projects, consisting of multiple smaller projects ranging from 100kW to 500kW [2]. - The company is actively pursuing larger projects while maintaining a base flow of business from small and medium-sized projects, supported by USDA grants and loans [6][8]. Market Position - The company has established a strong track record in delivering commercial and industrial projects and is now leveraging this expertise to target larger opportunities [2][8]. - Recent policy developments and growing interest in community solar are increasing the number of opportunities in the company's target market [5].