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, CA, USMap
Websitesunworksusa.com
Employee Ratings3.8More
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Latest Updates

Employees (est.) (Dec 2018)208
Revenue (FY, 2020)$37.9 M(-36%)
Share Price (Jun 2021)$9.1
Cybersecurity ratingBMore

Key People/Management at Sunworks

Joshua E. Schechter

Joshua E. Schechter

Chairman
Charles F. Cargile

Charles F. Cargile

Chief Executive Officer, Director
Paul McDonnel

Paul McDonnel

Chief Financial Officer
Valarie Serrato

Valarie Serrato

Vice President of Residential Solar
Judith Hall

Judith Hall

Director
Rhone Resch

Rhone Resch

Director
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Sunworks Office Locations

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

Sunworks Revenue

Sunworks's revenue was reported to be $37.91 m in FY, 2020
USD

Revenue (Q1, 2021)

6.2m

Gross profit (Q1, 2021)

91.0k

Gross profit margin (Q1, 2021), %

1.5%

Net income (Q1, 2021)

(4.8m)

EBIT (Q1, 2021)

(4.8m)

Market capitalization (4-Jun-2021)

246.4m

Closing stock price (4-Jun-2021)

9.1

Cash (31-Mar-2021)

82.4m

EV

168.3m
Sunworks's current market capitalization is $246.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

20.2m53.7m86.4m77.4m71.0m59.8m37.9m

Revenue growth, %

166%61%

Cost of goods sold

14.6m36.7m64.3m63.8m58.7m53.2m32.6m

Gross profit

5.6m17.0m22.1m13.7m12.3m6.7m5.3m
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, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.0m7.5m6.4m5.7m11.0m19.7m19.6m31.5m17.6m14.4m25.0m18.8m13.4m20.0m18.3m9.3m18.7m17.5m12.4m9.7m7.3m6.2m

Cost of goods sold

772.1k5.4m4.7m3.7m7.6m14.4m13.7m22.2m12.8m11.6m18.3m15.7m11.0m17.1m14.9m9.9m15.0m14.5m11.4m8.0m6.1m6.1m

Gross profit

275.4k2.0m1.7m1.9m3.5m5.3m5.8m9.2m4.7m2.8m6.7m3.1m2.4m2.9m3.4m(644.0k)3.6m3.0m956.0k1.7m1.3m91.0k

Gross profit Margin, %

26%27%27%34%31%27%30%29%27%19%27%16%18%14%18%(7%)19%17%8%17%17%1%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

33.6k10.4k414.1k12.0m11.1m6.4m3.6m3.2m39.0m

Accounts Receivable

2.0m7.0m9.7m11.3m8.2m7.6m2.9m

Prepaid Expenses

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

Inventories

22.9k1.3m3.4m4.5m3.2m3.0m1.2m
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, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

59.9k10.7k6.0k8.9k9.3k38.0k98.6k343.5k1.2m1.3m11.2m9.3m9.3m6.4m7.7m6.7m4.2m4.2m6.4m1.6m4.8m3.6m1.5m3.1m2.2m5.5m7.8m4.6m82.4m

Accounts Receivable

1.2m811.7k1.1m2.5m4.9m6.7m11.9m16.1m15.3m11.5m16.7m10.6m7.2m7.7m9.4m6.4m7.5m7.2m6.8m3.8m3.9m3.9m

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

13.4k89.8k36.5k17.0k402.0k2.7m2.4m3.2m4.0m3.7m3.9m6.6m4.3m3.9m3.0m2.1m2.0m2.0m1.7m1.6m1.5m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(1.5m)(2.0m)(3.8m)(24.9m)1.1m(9.4m)(7.2m)(5.7m)(9.2m)(15.9m)

Depreciation and Amortization

1.6k1.6k1.8k10.2k51.0k323.0k410.0k384.0k353.0k337.0k

Inventories

(22.9k)(690.0k)(2.1m)(1.1m)1.2m263.0k1.8m

Accounts Payable

3.9k192.4k6.2k973.3k368.0k8.0m112.0k(1.2m)(576.0k)(3.9m)
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, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

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)(6.7m)(8.2m)(11.1m)(4.8m)

Depreciation and Amortization

681.01.1k402.0939.01.5k563.01.1k1.7k1.3k3.5k5.7k5.3k16.0k26.0k46.0k113.0k215.0k103.0k206.0k308.0k95.0k193.0k289.0k92.0k182.0k269.0k81.0k164.0k246.0k65.0k

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)162.0k517.0k208.0k1.2m1.2m963.0k1.3m1.4m(290.0k)

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(987.0k)(4.2m)(5.1m)1.2m
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USDQ2, 2011

Financial Leverage

1 x
Show all financial metrics

Sunworks Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

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Sunworks Online and Social Media Presence

Sunworks's Trends

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Sunworks News and Updates

January 11, 2021

Sunworks Names Gaylon Morris as Chief Executive Officer

Transformational Leader with Established History of Driving Growth to Lead Sunworks Transformational Leader with Established History of Driving Growth to Lead Sunworks
December 07, 2020

Sunworks Pays Off Debt and Strengthens Balance Sheet

Company Completes ATM Offering – Raises $20 Million in Cash;Pays off $2.7 Million CrowdOut Capital Debt
November 12, 2020

Sunworks Reports on Special Meeting of Stockholders

Merger Proposal with Peck Company Fails to Win Stockholder Approval Merger Proposal with Peck Company Fails to Win Stockholder Approval
October 15, 2020

Thinking about buying stock in Cars.com, Sunworks, Lineage Cell Therapeutics, American Airlines, or Royal Caribbean Cruises?

NEW YORK, Oct. 15, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CARS, SUNW, LCTX, AAL, and RCL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
October 07, 2020

Sunworks stock soars in active trading after reporting upbeat Q3 booking activity

Shares of Sunworks Inc. shot up 64% in active premarket trading Wednesday, after the solar power systems provider said it signed $10 million in new commercial and agriculture projects during the third quarter. Trading volume was heavy at 15.3 million shares, making it the second-most active stock a…
September 25, 2020

Sunworks stock pulls back, after disclosing delisting notice received just before the recent rally

Sunworks Inc. stock's recent rocket ride higher came at a good time for the photovoltaic-based power systems company. The stock tumbled 18.6% in premarket trading Friday, after the company disclosed that on Sept. 22, it has received a delisting notice from the Nasdaq, because it has failed to compl…
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Sunworks Blogs

June 18, 2021

Are Solar Panels Right for My Business?

Is it time to invest in solar panels for your business? Solar power has advanced to the point that many people and businesses alike are finding it economical and practical. By installing solar panels business can cut costs while generating their own electricity with rooftop panels. However, proper s…
June 07, 2021

Can Solar Panels Protect My Roof?

Installing solar panels on your roof provides independence from the grid and can provide long-term energy savings. However, most solar articles don’t cover impact solar panels have on your roof. Here, we’ll talk about solar panels and your roof, including the little known benefit of how solar panels…
May 28, 2021

U.S. Solar Industry Posts Record Growth

Most of the U.S. economy took a big hit in 2020 as the coronavirus pandemic forced widespread closures. For the U.S. solar industry, it’s been a different story. Solar installations hit a record high with 19.2 gigawatts of new capacity added in 2020, according to the Solar Energy Industries Associat…
May 03, 2021

Big Tech is Fueling Change in the Solar Industry

As major consumers of electricity, tech companies are helping fuel demand and change across the solar industry. A lot of this power goes into cooling huge data servers (globally, data centers consume about 1% of electricity produced, according to the International Energy Agency1). But the vast size …
April 21, 2021

The Difference Between EV Charging Levels

If you are shopping for an electric vehicle (EV), one important consideration is the different charging levels available. Charge levels, like gasoline grades, come in three different levels—Level 1, Level 2, and DC Fast Charger. The higher the level (or output) of a charger, the faster an EV’s batte…
April 13, 2021

Sunworks and Solcius to Combine, Creating Leading Solar Installation Company with Broad National Presence

ROSEVILLE, CA and PROVO, UT / ACCESSWIRE / April 8, 2021 / Sunworks, Inc. (NASDAQ:SUNW) (“Sunworks”), a provider of solar power and storage solutions for agriculture, commercial, industrial, public works, and residential markets, and Solcius, LLC (“Solcius”), a privately held, rapidly growing reside…
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 Sunworks Frequently Asked Questions

  • When was Sunworks founded?

    Sunworks was founded in 2010.

  • Who are Sunworks key executives?

    Sunworks's key executives are Joshua E. Schechter, Charles F. Cargile and Paul McDonnel.

  • How many employees does Sunworks have?

    Sunworks has 208 employees.

  • What is Sunworks revenue?

    Latest Sunworks annual revenue is $37.9 m.

  • What is Sunworks revenue per employee?

    Latest Sunworks revenue per employee is $182.3 k.

  • Who are Sunworks competitors?

    Competitors of Sunworks include Auxin Solar, Cenergy Power and SHV Energy.

  • 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 6 other locations.

  • How many offices does Sunworks have?

    Sunworks has 13 offices.