Sunworks was founded in 2010 and is headquartered in Roseville, US

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

Sunworks's revenue was reported to be $14.4 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 14.4 m |

## Gross profit (Q1, 2017) | 2.8 m |

## Gross profit margin (Q1, 2017), % | 19% |

## Market capitalization (20-Jul-2017) | 45.3 m |

## Closing share price (20-Jul-2017) | 2 |

## Cash (31-Mar-2017) | 4.2 m |

Sunworks's current market capitalization is $45.3 m.

USD | Y, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 20.2 m | 53.7 m | 86.4 m | |

## Revenue growth, % | 166% | 61% | ||

## Cost of goods sold | 14.6 m | 36.7 m | 64.3 m | |

## Gross profit | 5.6 m | 17 m | 22.1 m | |

## Gross profit Margin, % | 28% | 32% | 26% | |

## General and administrative expense | 11.4 m | |||

## Operating expense total | 1.1 m | 5.3 m | 14.7 m | 30.1 m |

## EBIT | (1.1 m) | |||

## Interest expense | (725.8 k) | (4.2 m) | (1.4 m) | (1 m) |

## Pre tax profit | (24.9 m) | 1.1 m | (9.4 m) | |

## Net Income | (3.8 m) | (24.9 m) | 1.1 m | (9.4 m) |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Revenue | 6.4 m | 5.7 m | 11 m | 19.7 m | 19.6 m | 31.5 m | 17.6 m | 14.4 m |

## Cost of goods sold | 4.7 m | 3.7 m | 7.6 m | 14.4 m | 13.7 m | 22.2 m | 12.8 m | 11.6 m |

## Gross profit | 1.7 m | 1.9 m | 3.5 m | 5.3 m | 5.8 m | 9.2 m | 4.7 m | 2.8 m |

## Gross profit Margin, % | 27% | 34% | 31% | 27% | 30% | 29% | 27% | 19% |

## General and administrative expense | 1.3 m | 1.8 m | 2 m | 2 m | 4.5 m | 4.6 m | 4.3 m | 3.3 m |

## Operating expense total | 1.3 m | 1.8 m | 2 m | 2 m | 4.5 m | 4.6 m | 4.3 m | 3.3 m |

## Interest expense | (786 k) | (456.7 k) | (266 k) | (301 k) | (265 k) | (289 k) | (209 k) | (244 k) |

## Pre tax profit | (13.8 m) | (1.4 m) | (122 k) | 1.4 m | (378 k) | 744 k | (6.1 m) | (2.9 m) |

## Net Income | (13.8 m) | (1.4 m) | (122 k) | 1.4 m | (378 k) | 744 k | (6.1 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 10.4 k | 414.1 k | 12 m | 11.1 m |

## Accounts Receivable | 2 m | 7 m | 9.7 m | |

## Inventories | 22.9 k | 1.3 m | 3.4 m | |

## Current Assets | 15.3 k | 4 m | 22.7 m | 28.6 m |

## PP&E | 84.2 k | 745 k | 1.7 m | |

## Goodwill | 2.6 m | 10.9 m | 11.4 m | |

## Total Assets | 47.2 k | 6.7 m | 34.9 m | 41.7 m |

## Accounts Payable | 73.8 k | 13 m | ||

## Current Liabilities | 3.5 m | 4.8 m | 11 m | 19.2 m |

## Total Liabilities | 20.5 m | |||

## Additional Paid-in Capital | 12.3 m | 42.8 m | 63.3 m | 70.3 m |

## Retained Earnings | (15.9 m) | (40.8 m) | (39.8 m) | (49.1 m) |

## Total Equity | 2 m | 23.5 m | 21.2 m | |

## Financial Leverage | 3.4 x | 1.5 x | 2 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 1.2 m | 1.3 m | 11.2 m | 9.3 m | 9.3 m | 6.4 m | 7.7 m | 6.7 m | 4.2 m |

## Accounts Receivable | 811.7 k | 1.1 m | 2.5 m | 4.9 m | 6.7 m | 11.9 m | 16.1 m | 15.3 m | 11.5 m |

## Inventories | 13.4 k | 89.8 k | 36.5 k | 17 k | 402 k | 2.7 m | 2.4 m | 3.2 m | 4 m |

## Current Assets | 4.4 m | 4.4 m | 16.2 m | 16.1 m | 18.6 m | 27.4 m | 40 m | 33.9 m | 23.7 m |

## PP&E | 176.4 k | 187 k | 194 k | 1.3 m | 1.2 m | 1.5 m | 1.6 m | ||

## Goodwill | 2.6 m | 2.6 m | 5.5 m | 5.9 m | 5.9 m | 10.7 m | 10.9 m | 10.9 m | 11.4 m |

## Total Assets | 7.1 m | 7.1 m | 21.9 m | 22.2 m | 24.8 m | 39.9 m | 52.6 m | 46.8 m | 36.8 m |

## Accounts Payable | 2.2 m | 1.8 m | 2.3 m | 3.2 m | 4 m | 10.3 m | 19.1 m | 16.4 m | 9.2 m |

## Current Liabilities | 7.9 m | 17.8 m | 5.7 m | 6.7 m | 7.8 m | 15.7 m | 25 m | 21.1 m | 17 m |

## Additional Paid-in Capital | 18.7 m | 22.5 m | 58.4 m | 57.7 m | 57.8 m | 64.1 m | 66.1 m | 70 m | 70.8 m |

## Retained Earnings | (19.8 m) | (33.5 m) | (42.2 m) | (42.3 m) | (40.9 m) | (40.1 m) | (39.4 m) | (45.5 m) | (52 m) |

## Total Equity | 16.2 m | 15.4 m | 16.9 m | 23.9 m | 26.8 m | 24.6 m | 18.8 m | ||

## Financial Leverage | 1.4 x | 1.4 x | 1.5 x | 1.7 x | 2 x | 1.9 x | 2 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (3.8 m) | (24.9 m) | 1.1 m | (9.4 m) |

## Depreciation and Amortization | 1.8 k | 10.2 k | 51 k | 323 k |

## Accounts Receivable | (1.5 m) | (1.2 m) | (2.7 m) | |

## Inventories | (22.9 k) | (690 k) | (2.1 m) | |

## 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) | (1.7 m) |

## Cash From Investing Activities | (27.3 k) | (652 k) | (3 m) | (1.7 m) |

## Cash From Financing Activities | 695 k | 1.5 m | 13.4 m | (2.1 m) |

## Interest Paid | 94 k | |||

## Income Taxes Paid | 278 k |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Net Income | (13.8 m) | (1.4 m) | (122 k) | 1.4 m | (378 k) | 744 k | (6.1 m) | |

## Depreciation and Amortization | 2.3 k | 5.3 k | 11 k | 10 k | 47 k | 101 k | 103 k | |

## Accounts Receivable | 1.1 m | 2.5 m | 4.9 m | 6.7 m | 11.9 m | 16.1 m | 15.3 m | 11.5 m |

## Inventories | 89.8 k | 36.5 k | 17 k | 402 k | 2.7 m | 2.4 m | 3.2 m | 4 m |

## Accounts Payable | 1.8 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 326.1 k |

## Financial Leverage | 2 x |