Sunworks, Inc. is a provider of solar power solutions. The Company offers photovoltaic based power systems for the agricultural, commercial, industrial and residential markets in California, Oregon, Texas, New Mexico, and Nevada. Through its operating subsidiaries, Sunworks designs, arranges financing, integrates, installs, and manages systems ranging in size from 2kW (kilowatt) for residential loads to multi MW (megawatt) systems for larger commercial projects. Commercial installations include office buildings, manufacturing plants, warehouses, and agricultural facilities such as farms, wineries, and dairies. The Company provides a full range of installation services to its solar energy customers including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance.

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

Sunworks has offices in Reno, Roseville, Rocklin, Durham and in 6 other locations
Roseville, US (HQ)
100 1010 Winding Creek Rd
Durham, US
15 Pepsi Way
Medford, US
2 E Barnett Rd
Palm Springs, US
1 820 E Research Dr
Rancho Cucamonga, US
9293 E 9th St
Reno, US
110 895 E Patriot Blvd
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Sunworks Financials and Metrics

Sunworks Revenue

Sunworks's revenue was reported to be $77.45 m in FY, 2017
USD

Revenue (Q1, 2018)

13.4 m

Gross profit (Q1, 2018)

2.4 m

Gross profit margin (Q1, 2018), %

17.9%

Net income (Q1, 2018)

(1.7 m)

Market capitalization (18-Jul-2018)

27.2 m

Closing share price (18-Jul-2018)

1.1

Cash (31-Mar-2018)

1.6 m
Sunworks's current market capitalization is $27.2 m.
Annual
USDY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

20.2 m53.7 m86.4 m77.4 m

Revenue growth, %

166%61%

Cost of goods sold

14.6 m36.7 m64.3 m63.8 m

Gross profit

5.6 m17 m22.1 m13.7 m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

6.4 m5.7 m11 m19.7 m19.6 m31.5 m17.6 m14.4 m25 m18.8 m13.4 m

Cost of goods sold

4.7 m3.7 m7.6 m14.4 m13.7 m22.2 m12.8 m11.6 m18.3 m15.7 m11 m

Gross profit

1.7 m1.9 m3.5 m5.3 m5.8 m9.2 m4.7 m2.8 m6.7 m3.1 m2.4 m

Gross profit Margin, %

27%34%31%27%30%29%27%19%27%16%18%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

10.4 k414.1 k12 m11.1 m6.4 m

Accounts Receivable

2 m7 m9.7 m11.3 m

Inventories

22.9 k1.3 m3.4 m4.5 m

Current Assets

15.3 k4 m22.7 m28.6 m28.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

98.6 k343.5 k1.2 m1.3 m11.2 m9.3 m9.3 m6.4 m7.7 m6.7 m4.2 m4.2 m6.4 m1.6 m

Accounts Receivable

1.2 m811.7 k1.1 m2.5 m4.9 m6.7 m11.9 m16.1 m15.3 m11.5 m16.7 m10.6 m7.2 m

Inventories

13.4 k89.8 k36.5 k17 k402 k2.7 m2.4 m3.2 m4 m3.7 m3.9 m6.6 m

Current Assets

103.4 k1.6 m4.4 m4.4 m16.2 m16.1 m18.6 m27.4 m40 m33.9 m23.7 m31.2 m28 m19.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(3.8 m)(24.9 m)1.1 m(9.4 m)

Depreciation and Amortization

1.8 k10.2 k51 k323 k410 k

Inventories

(22.9 k)(690 k)(2.1 m)(1.1 m)

Accounts Payable

6.2 k973.3 k112 k
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

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 k5.3 k11 k10 k47 k101 k103 k95 k

Inventories

89.8 k36.5 k17 k402 k2.7 m2.4 m3.2 m4 m(2.1 m)

Accounts Payable

1.8 m(3.4 m)
USDY, 2018

Financial Leverage

2.5 x
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Sunworks Online and Social Media Presence

Embed Graph
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Sunworks Company Life and Culture

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