Sunworks

Sunworks, Inc. is a California based solar corporation whose story began with a group of solar industry innovators and experts who set out to utilize and share their 18 years of experience to homeowners, ranchers, and business owners. Sunworks, whose guiding principles of “Bringing Value & Delivering Quality” have been well ingrained into the core values of the company. These principles support our unprecedented service and safety oriented approach to enabling you to produce power on your home, farm, or business. As one of the fastest growing solar photovoltaic industry leaders with hundreds of solar installs ranging from 2.5kW to 1MW, with the infrastructure and capability to facilitate commercial installations as large as 25MW, making Sunworks a unique solar integration and consulting company with financing and leasing options for residential, commercial, and agricultural solar electric systems. Our mission is to be the very best at what we do with a vision to unite millions of home and business owners to the power of the sun. For Sunworks...being different is about getting the customers entire experience right from start to finish. It’s about flawless execution, developing relationships with customers, practicing a strict set of standards and procedures which ensure quality. Sunworks handles your entire solar process from start to finish.

Sunworks understands there is no “one size fits all” solar solution, so we pride ourselves on taking the extra time to design your solar package with the best solar panels, inverters, racking, roof mounting techniques, monitoring, and financing option to best fit your home, your goals, and your budget. Once you decide on going solar we take care of everything…its solar made simple. The custom designed system, specific to your home will save you money from day one by capturing natural sunlight, converting it into energy which is used for your home. The excess power is directed back into your utility meter, thus crediting your bill. Our solutions help you eliminate your utility bill, protect the environment, go solar without the typical contractor hassles, and increase your property value.

With the state and feds paying up to nearly half the cost of installation plus the constant rise of electric rates, now is the perfect time to Go Solar!

With Sunworks, you are in good hands receiving the same outstanding service we’ve been providing home and business owners for nearly two decades. From inception to completion of every project our NABCEP credentialed and state certified electricians at Sunworks will strive to exceed your expectations and continue the heritage of service, safety, quality, value, and mindful attention to all aspects of the business.

Whether you need solar for residential, agricultural, or commercial…Your Sunworks For You.

Type
Public
HQ
Roseville, US
Founded
2010
Size (employees)
44 (est)
Sunworks was founded in 2010 and is headquartered in Roseville, US

Sunworks Office Locations

Sunworks has offices in Roseville, Rocklin, Durham, Rancho Cucamonga and in 6 other locations
Roseville, US (HQ)
100 1010 Winding Creek Rd
Rocklin, US
100 5814 Lonetree Blvd
Medford, US
2 E Barnett Rd
Reno, US
110 895 E Patriot Blvd
Tulare, US
3262 S K St
San Jose, US
5 5807 Winfield Blvd
Palm Springs, US
1 820 E Research Dr
Turlock, US
1340 Venture Ln
Rancho Cucamonga, US
9293 E 9th St
Durham, US
15 Pepsi Way
Rocklin, US
500 6694 Lonetree Blvd

Sunworks Metrics

Sunworks Financial Metrics

Revenue (2015)

$53.7 m

Revenue growth (2014-15), %

166%

Gross profit

$17 m

Gross profit margin (2015), %

32%

Net income (2015)

$1.1 m

Market capitalization (28-Apr-2017)

$31.4 m

Closing share price (28-Apr-2017)

$1.4

Cash (31-Dec-2015)

$12 m
Sunworks's current market capitalization is $31.4 m.
Sunworks's revenue was reported to be $53.7 m in FY, 2015 which is a 166% increase from the previous period.
Y, 2013FY, 2014FY, 2015

Revenue

$20.2 m$53.7 m

Revenue growth, %

166%

Cost of goods sold

$14.6 m$36.7 m

Gross profit

$5.6 m$17 m

Gross profit Margin, %

28%32%

Operating expense total

$1.1 m$5.3 m$14.7 m

EBIT

($1.1 m)

Interest expense

($725.8 k)($4.2 m)($1.4 m)

Pre tax profit

($24.9 m)$1.1 m

Income tax expense

Net Income

($3.8 m)($24.9 m)$1.1 m
FY, 2013FY, 2014FY, 2015

Cash

$10.4 k$414.1 k$12 m

Accounts Receivable

$2 m$7 m

Inventories

$22.9 k$1.3 m

Current Assets

$15.3 k$4 m$22.7 m

PP&E

$84.2 k$745 k

Goodwill

$2.6 m$10.9 m

Total Assets

$47.2 k$6.7 m$34.9 m

Accounts Payable

$73.8 k

Current Liabilities

$3.5 m$4.8 m$11 m

Additional Paid-in Capital

$12.3 m$42.8 m$63.3 m

Retained Earnings

($15.9 m)($40.8 m)($39.8 m)

Total Equity

$2 m$23.5 m

Financial Leverage

3.4 x1.5 x
FY, 2013FY, 2014FY, 2015

Net Income

($3.8 m)($24.9 m)$1.1 m

Depreciation and Amortization

$1.8 k$10.2 k$51 k

Accounts Receivable

($1.5 m)($1.2 m)

Inventories

($22.9 k)($690 k)

Accounts Payable

$6.2 k$973.3 k

Cash From Operating Activities

($690.9 k)($409.3 k)$1.3 m

Purchases of PP&E

($4.2 k)($80.3 k)($224 k)

Cash From Investing Activities

($27.3 k)($652 k)($3 m)

Cash From Financing Activities

$695 k$1.5 m$13.4 m

Interest Paid

Income Taxes Paid

Sunworks Market Value History

Sunworks Online Presence

Sunworks Company Life

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