April 30, 2017 3:55 AM ET

Electric Utilities

Company Overview of Aspirity Holdings LLC

Company Overview

Aspirity Holdings LLC, through its subsidiaries, focuses on providing retail energy services in North America. It operates through two segments, Retail Energy and Financial Services. The company intends to supply electricity to residential and non-residential customers in 14 jurisdictions. It also provides energy-related financial services to companies and households. The company was formerly known as Twin Cities Power Holdings, LLC and changed its name to Aspirity Holdings LLC in July 2015. Aspirity Holdings LLC founded in 2009 and is headquartered in Minneapolis, Minnesota.

701 Xenia Avenue South

Suite 475

Minneapolis, MN 55416

United States

Founded in 2009

11 Employees

Phone:

763-432-1500

Key Executives for Aspirity Holdings LLC

Chief Executive Officer, President and Director
Age: 57
Chief Financial Officer, Vice President of Finance and Secretary
Age: 59
Compensation as of Fiscal Year 2016.

Aspirity Holdings LLC Key Developments

Aspirity Holdings LLC announced delayed annual 10-K filing

On 04/03/2017, Aspirity Holdings LLC announced that they will be unable to file their next 10-K by the deadline required by the SEC.

David B. Johnson and Jeffrey L. Houdek Resign from the Board of Aspirity Holdings LLC

On November 15 and 16, 2016, Messrs. David B. Johnson and Jeffrey L. Houdek, respectively, resigned from the Board of Directors (the ‘Board’) and the associated committees thereof of Aspirity Holdings LLC and its subsidiaries (the ‘Company’) for personal reasons and not due to any disagreements with the Board, management, or the Company on any matter relating to its operations, policies, or practices.

Aspirity Holdings LLC Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Aspirity Holdings LLC reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's net revenue was $1,640,000 against $10,173,000 a year ago. Operating loss was $1,526,000 against $346,000 a year ago. Net loss from continuing operations was $2,595,000 against $633,000 a year ago. Net loss attributable to common was $2,732,000 against $962,000 a year ago. For the nine months, the company's net revenue was $12,496,000 against $23,285,000 a year ago. Operating loss was $6,135,000 against $4,324,000 a year ago. Net loss from continuing operations was $9,150,000 against $5,670,000 a year ago. Net loss attributable to common was $8,739,000 against $3,219,000 a year ago. Net cash used in operating activities was $7,408,000 against $5,723,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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