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, 2019)$59.8 M(-15%)
Share Price (Dec 2020)$4.4 (+8%)
Cybersecurity ratingBMore

Key People/Management at Sunworks

Charles F. Cargile

Charles F. Cargile

Chief Executive Officer, Chairman
Paul McDonnel

Paul McDonnel

Chief Financial Officer
Abe Madrid

Abe Madrid

Vice President of Operations
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 $59.83 m in FY, 2019
USD

Revenue (Q3, 2020)

7.3m

Gross profit (Q3, 2020)

1.3m

Gross profit margin (Q3, 2020), %

17.2%

Net income (Q3, 2020)

(2.9m)

EBIT (Q3, 2020)

(2.7m)

Market capitalization (3-Dec-2020)

73.3m

Closing stock price (3-Dec-2020)

4.4

Cash (30-Sept-2020)

4.6m

EV

72.8m
Sunworks's current market capitalization is $73.3 m.
Annual
USDFY, 2011FY, 2012Y, 2013FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

Revenue growth, %

166%61%

Cost of goods sold

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

Gross profit

5.6m17.0m22.1m13.7m12.3m6.7m
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, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

22.9k1.3m3.4m4.5m3.2m3.0m
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, 2020

Cash

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

Accounts Receivable

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

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

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

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

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

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)

Depreciation and Amortization

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

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

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)
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USDQ2, 2011

Financial Leverage

1 x
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Sunworks Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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Sunworks Online and Social Media Presence

Sunworks's Trends

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Sunworks News and Updates

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 29, 2020

Thinking about buying stock in Sorrento Therapeutics, New Age Beverages, FuelCell Energy, Sunworks, or Inovio Pharmaceuticals?

NEW YORK, Sept. 29, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SRNE, NBEV, FCEL, SUNW, and INO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
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…
September 24, 2020

Thinking about buying stock in Sunworks, Electrameccanica Vehicles, Co-Diagnostics, Pinterest, or Paypal?

NEW YORK, Sept. 24, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SUNW, SOLO, CODX, PINS, and PYPL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding...
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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 Charles F. Cargile, Paul McDonnel and Abe Madrid.

  • How many employees does Sunworks have?

    Sunworks has 208 employees.

  • What is Sunworks revenue?

    Latest Sunworks annual revenue is $59.8 m.

  • What is Sunworks revenue per employee?

    Latest Sunworks revenue per employee is $287.6 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.