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Sunworks

Energy & Utilitiesenergy servicesenergy systemsrenewablessolar

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.

Revenue(Q1, 2017)
$14.4 M
Market capitalization(2017-07-20)
$45.3 M
Company Growth (employees)
Type
Public
HQ
Roseville, US
Founded
2010
Size (employees)
44 (est)
Website
sunworksusa.com
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
Show all (11)

Sunworks Data and Metrics

Sunworks Financial Metrics

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.
USDY, 2013FY, 2014FY, 2015FY, 2016

Revenue

20.2 m53.7 m86.4 m

Revenue growth, %

166%61%

Cost of goods sold

14.6 m36.7 m64.3 m

Gross profit

5.6 m17 m22.1 m

Gross profit Margin, %

28%32%26%

General and administrative expense

11.4 m

Operating expense total

1.1 m5.3 m14.7 m30.1 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)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

6.4 m5.7 m11 m19.7 m19.6 m31.5 m17.6 m14.4 m

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

27%34%31%27%30%29%27%19%

General and administrative expense

1.3 m1.8 m2 m2 m4.5 m4.6 m4.3 m3.3 m

Operating expense total

1.3 m1.8 m2 m2 m4.5 m4.6 m4.3 m3.3 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)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

10.4 k414.1 k12 m11.1 m

Accounts Receivable

2 m7 m9.7 m

Inventories

22.9 k1.3 m3.4 m

Current Assets

15.3 k4 m22.7 m28.6 m

PP&E

84.2 k745 k1.7 m

Goodwill

2.6 m10.9 m11.4 m

Total Assets

47.2 k6.7 m34.9 m41.7 m

Accounts Payable

73.8 k13 m

Current Liabilities

3.5 m4.8 m11 m19.2 m

Total Liabilities

20.5 m

Additional Paid-in Capital

12.3 m42.8 m63.3 m70.3 m

Retained Earnings

(15.9 m)(40.8 m)(39.8 m)(49.1 m)

Total Equity

2 m23.5 m21.2 m

Financial Leverage

3.4 x1.5 x2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

1.2 m1.3 m11.2 m9.3 m9.3 m6.4 m7.7 m6.7 m4.2 m

Accounts Receivable

811.7 k1.1 m2.5 m4.9 m6.7 m11.9 m16.1 m15.3 m11.5 m

Inventories

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

Current Assets

4.4 m4.4 m16.2 m16.1 m18.6 m27.4 m40 m33.9 m23.7 m

PP&E

176.4 k187 k194 k1.3 m1.2 m1.5 m1.6 m

Goodwill

2.6 m2.6 m5.5 m5.9 m5.9 m10.7 m10.9 m10.9 m11.4 m

Total Assets

7.1 m7.1 m21.9 m22.2 m24.8 m39.9 m52.6 m46.8 m36.8 m

Accounts Payable

2.2 m1.8 m2.3 m3.2 m4 m10.3 m19.1 m16.4 m9.2 m

Current Liabilities

7.9 m17.8 m5.7 m6.7 m7.8 m15.7 m25 m21.1 m17 m

Additional Paid-in Capital

18.7 m22.5 m58.4 m57.7 m57.8 m64.1 m66.1 m70 m70.8 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 m15.4 m16.9 m23.9 m26.8 m24.6 m18.8 m

Financial Leverage

1.4 x1.4 x1.5 x1.7 x2 x1.9 x2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

1.8 k10.2 k51 k323 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 k973.3 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 k1.5 m13.4 m(2.1 m)

Interest Paid

94 k

Income Taxes Paid

278 k
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 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 k5.3 k11 k10 k47 k101 k103 k

Accounts Receivable

1.1 m2.5 m4.9 m6.7 m11.9 m16.1 m15.3 m11.5 m

Inventories

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

Accounts Payable

1.8 m
USDY, 2017

Revenue/Employee

326.1 k

Financial Leverage

2 x

Sunworks Market Value History

Market Position of Sunworks

Competitors

Vergnet
Energy & Utilities - Public
West Coast Solar
Energy & Utilities - Private
Zero Energy
Energy & Utilities - Private
Oriano Solar
Energy & Utilities - Private
Compare competitors

Traffic Overview of Sunworks

Sunworks Online and Social Media Presence

Sunworks Company Life and Culture

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