Sunworks

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.

Company Growth (employees)
Type
Public
HQ
Roseville, US
Founded
2010
Size (employees)
44 (est)
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
Durham, US
15 Pepsi Way
Rancho Cucamonga, US
9293 E 9th St
Reno, US
110 895 E Patriot Blvd
Rocklin, US
500 6694 Lonetree Blvd
Turlock, US
1340 Venture Ln
Show all (11)

Sunworks Financials and Metrics

Sunworks Financials

Sunworks's revenue was reported to be $86.4 m in FY, 2016
USD

Revenue (Q3, 2017)

18.8 m

Gross profit (Q3, 2017)

18.8 m

Gross profit margin (Q3, 2017), %

100%

Market capitalization (31-Oct-2017)

32.1 m

Closing share price (31-Oct-2017)

1.4

Cash (30-Sep-2017)

6.4 m
Sunworks's current market capitalization is $32.1 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
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

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

Cost of goods sold

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

Gross profit

1.7 m1.9 m3.5 m5.3 m5.8 m9.2 m4.7 m2.8 m6.7 m18.8 m

Gross profit Margin, %

27%34%31%27%30%29%27%19%27%100%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

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 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 m

Inventories

13.4 k89.8 k36.5 k17 k402 k2.7 m2.4 m3.2 m4 m3.7 m(504 k)

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 m
    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)
    USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 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 k102 k

    Accounts Receivable

    1.1 m2.5 m4.9 m6.7 m11.9 m16.1 m15.3 m11.5 m10.6 m

    Inventories

    89.8 k36.5 k17 k402 k2.7 m2.4 m3.2 m4 m(504 k)
      Y, 2017

      Financial Leverage

      2.2 x
      Show all financial metrics

      Sunworks Market Value History

      Sunworks's Web-traffic and Trends

      Sunworks Online and Social Media Presence

      Sunworks Company Life and Culture

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