Sunworks

OverviewSuggest Edit

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.

TypePublic
Founded2010
HQRoseville, USMap
Websitesunworksusa.com
Employee Ratings3.9More
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Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)208
Revenue (FY, 2018)$71 M(-8%)
Share Price (Jan 2020)$1.2 (-4%)

Sunworks Office Locations

Sunworks has offices in Roseville, Campbell, Durham, Newbury and in 5 other locations
Roseville, US (HQ)
1030 Winding Creek Rd #100
Campbell, US
423 Salmar Ave
Durham, US
15 Pepsi Way
Newbury, US
6 Green St
Rancho Cucamonga, US
9293 E 9th St
Rancho Cucamonga, US
9293 E 9th St
Show all (12)

Sunworks Financials and Metrics

Sunworks Revenue

Sunworks's revenue was reported to be $70.97 m in FY, 2018
USD

Revenue (Q3, 2019)

17.5m

Gross profit (Q3, 2019)

3.0m

Gross profit margin (Q3, 2019), %

17.1%

Net income (Q3, 2019)

(1.2m)

EBIT (Q3, 2019)

(953.0k)

Market capitalization (10-Jan-2020)

6.3m

Closing stock price (10-Jan-2020)

1.2

Cash (30-Sept-2019)

2.2m

EV

8.8m
Sunworks's current market capitalization is $6.3 m.
Annual
USDFY, 2011FY, 2012FY, 2013Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

20.2m53.7m86.4m77.4m71.0m

Revenue growth, %

166%61%

Cost of goods sold

14.6m36.7m64.3m63.8m58.7m

Gross profit

5.6m17.0m22.1m13.7m12.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.0m7.5m6.4m5.7m11.0m19.7m19.6m31.5m17.6m14.4m25.0m18.8m13.4m20.0m18.3m9.3m18.7m17.5m

Cost of goods sold

772.1k5.4m4.7m3.7m7.6m14.4m13.7m22.2m12.8m11.6m18.3m15.7m11.0m17.1m14.9m9.9m15.0m14.5m

Gross profit

275.4k2.0m1.7m1.9m3.5m5.3m5.8m9.2m4.7m2.8m6.7m3.1m2.4m2.9m3.4m(644.0k)3.6m3.0m

Gross profit Margin, %

26%27%27%34%31%27%30%29%27%19%27%16%18%14%18%(7%)19%17%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

33.6k10.4k414.1k12.0m11.1m6.4m3.6m

Accounts Receivable

2.0m7.0m9.7m11.3m8.2m

Prepaid Expenses

25.0k3.7k4.9k281.0k220.0k2.1m150.0k

Inventories

22.9k1.3m3.4m4.5m3.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

59.9k10.7k6.0k8.9k9.3k38.0k98.6k343.5k1.2m1.3m11.2m9.3m9.3m6.4m7.7m6.7m4.2m4.2m6.4m1.6m4.8m3.6m1.5m3.1m2.2m

Accounts Receivable

1.2m811.7k1.1m2.5m4.9m6.7m11.9m16.1m15.3m11.5m16.7m10.6m7.2m7.7m9.4m6.4m7.5m7.2m

Prepaid Expenses

12.8k6.8k18.8k12.5k8.6k2.1k2.0k4.8k946.035.0k289.4k877.9k453.0k286.0k623.0k423.0k524.0k255.0k623.0k1.4m166.0k83.0k129.0k418.0k484.0k940.0k

Inventories

13.4k89.8k36.5k17.0k402.0k2.7m2.4m3.2m4.0m3.7m3.9m6.6m4.3m3.9m3.0m2.1m2.0m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(1.5m)(2.0m)(3.8m)(24.9m)1.1m(9.4m)(7.2m)(5.7m)

Depreciation and Amortization

1.6k1.6k1.8k10.2k51.0k323.0k410.0k384.0k

Inventories

(22.9k)(690.0k)(2.1m)(1.1m)1.2m

Accounts Payable

3.9k192.4k6.2k973.3k368.0k8.0m112.0k(1.2m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(712.5k)(1.1m)(327.4k)(836.6k)(1.1m)(98.2k)(710.1k)(2.2m)(4.0m)(3.8m)(17.6m)(1.4m)(1.5m)(123.0k)(378.0k)366.0k(5.7m)(2.9m)(1.8m)(3.8m)(1.7m)(3.5m)(3.9m)(4.5m)(4.6m)(5.8m)

Depreciation and Amortization

681.01.1k402.0939.01.5k563.01.1k1.7k1.3k3.5k5.7k5.3k16.0k26.0k46.0k113.0k215.0k103.0k206.0k308.0k95.0k193.0k289.0k92.0k182.0k269.0k

Inventories

(13.4k)(89.8k)(13.6k)6.0k(379.0k)(1.4m)(1.1m)(2.0m)(586.0k)(304.0k)(504.0k)(2.1m)162.0k517.0k208.0k1.2m1.2m

Accounts Payable

(11.5k)14.6k17.4k114.0k149.4k22.8k30.9k(14.2k)57.3k1.6m1.3m(436.4k)573.0k1.4m5.3m14.1m11.4m(3.8m)(826.0k)(1.0m)(3.4m)(2.6m)(1.4m)(3.0m)(117.0k)650.0k
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USDY, 2019

EV/EBIT

-9.2 x

EV/CFO

-2.1 x

Financial Leverage

3.6 x
Show all financial metrics

Sunworks Online and Social Media Presence

Sunworks's Trends

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Sunworks News and Updates

October 31, 2019

Sunworks Reports Third Quarter 2019 Results

ROSEVILLE, Calif., Oct. 31, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced financial results for the third quarter and the nine months ended Septembe…
August 29, 2019

Sunworks Announces Reverse Stock Split

ROSEVILLE, Calif., Aug. 29, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced that it will effect a one-for-seven reverse stock split of its outstanding…
August 02, 2019

Sunworks Reports Second Quarter 2019 Results

--Reports Positive Operating Income-- ROSEVILLE, Calif., Aug. 02, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced financial results for the second qua…
July 11, 2019

Sunworks and Bright Power Announce Rooftop Solar Project for Northern California Residential Complex

Companies to Generate 576 kW of Solar Power Companies to Generate 576 kW of Solar Power
May 07, 2019

Sunworks to Announce First Quarter 2019 Results and Hold Conference Call on May 14th

ROSEVILLE, Calif., May 07, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it will report its first quarter 2019 financial resul…
March 12, 2019

Sunworks Reports Fourth Quarter 2018 Results

Company Reports Positive Net Income Before Non-Cash Goodwill Adjustment Company Reports Positive Net Income Before Non-Cash Goodwill Adjustment
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 Sunworks Frequently Asked Questions

  • When was Sunworks founded?

    Sunworks was founded in 2010.

  • How many employees does Sunworks have?

    Sunworks has 208 employees.

  • What is Sunworks revenue?

    Latest Sunworks annual revenue is $71 m.

  • What is Sunworks revenue per employee?

    Latest Sunworks revenue per employee is $341.2 k.

  • Who are Sunworks competitors?

    Competitors of Sunworks include Yellow Door Energy, Eternal Sun and SunPower by Stellar Solar.

  • Where is Sunworks headquarters?

    Sunworks headquarters is located at 1030 Winding Creek Rd #100, Roseville.

  • Where are Sunworks offices?

    Sunworks has offices in Roseville, Campbell, Durham, Newbury and in 5 other locations.

  • How many offices does Sunworks have?

    Sunworks has 12 offices.