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Sunworks Inc   (SUNW)
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Price: $0.0600 $-0.04 -40.476%
Day's High: $0.0769 Week Perf: 10.29 %
Day's Low: $ 0.06 30 Day Perf: -71.43 %
Volume (M): 32,644 52 Wk High: $ 2.11
Volume (M$): $ 1,959 52 Wk Avg: $0.84
Open: $0.07 52 Wk Low: $0.04



 Market Capitalization (Millions $) 3
 Shares Outstanding (Millions) 44
 Employees -
 Revenues (TTM) (Millions $) 154
 Net Income (TTM) (Millions $) -63
 Cash Flow (TTM) (Millions $) -12
 Capital Exp. (TTM) (Millions $) 0

Sunworks Inc

We provide photovoltaic (“PV”) based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Nevada, Oregon, and Washington. We have direct sales and/or operations personnel in California, Florida, Massachusetts, Nevada, Oregon, and Texas. Through our operating subsidiaries, we design, arrange financing, integrate, install, and manage systems ranging in size from 2kW (kilowatt) for residential loads to multi MW (megawatt) systems for larger commercial and public works projects. Commercial installations have included installations at office buildings, manufacturing plants, warehouses, churches, and agricultural facilities such as farms, wineries, and dairies. Public works installations have included school districts, local municipalities, federal facilities and higher education institutions. The Company provides a full range of installation services to our solar energy customers including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring and maintenance.

We currently operate in one segment based upon our organizational structure and the way in which our operations are managed and evaluated.

In our residential business, we have expanded our methods of acquiring customers to include collaborating with third party residential sales companies. We believe that the scarce resource in the residential solar industry is quality, economic installations in which customers can trust. We provide outstanding operations and customer support, which have driven substantial demand for our branded installations. The result is that our sales partners can sell with confidence knowing that they are backed by installation and operations on which they can rely. Our relationships with strong residential sales organizations is enhanced by our small team of in-house direct sales personnel and our effective referral business through our “Power Pay Plan”.

Our strategy for near-term growth is focused on organic growth through continued expansion in California augmented by growth in other U.S. geographies. In addition, in 2017 we experienced success by winning new projects with public works customers and national commercial accounts. In the longer-term, we believe that the competitors in the solar industry will consolidate and that we will be able to enhance our growth and scale through accretive acquisitions. With scalable administrative and operational infrastructure in place, we believe our current approach for organic growth will lead to increased profitability and positive cash generation. We anticipate taking advantage of the long-term growth in the solar market as well as gaining market share relative to competitors.



   Company Address: 1555 Freedom Boulevard Provo 84604 UT
   Company Phone Number: 497-6955   Stock Exchange / Ticker: NASDAQ SUNW
   SUNW is expected to report next financial results on March 09, 2024.


Customers Net Income fell by SUNW's Customers Net Profit Margin grew to

-11.73 %

4.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
RUN   -28.38%    
ASTI   -15%    
BEEM   -1.55%    
ENPH   -6.04%    
FSLR   -5.66%    
SEDG   -20.54%    
• View Complete Report
   



Sunworks Inc

Sunworks Inc's Revenue Plunges in Q3 2023, Raises Concerns for Shareholders

Weak Business Signals Deepening Losses for Sunworks Inc
In a recent report, Sunworks Inc revealed that its financial situation has worsened significantly, with the company experiencing a growth in losses for the September 30, 2023 period. The net deficit per share rose to a staggering $-0.84 from $-0.16, indicating a concerning downward trend. Coupled with a significant drop in revenue of -30.799% to $28.17 million, compared to $40.71 million in the previous year, the situation appears dire for this Industrial Machinery and Components company.
Interestingly, while Sunworks Inc witnessed a decline in revenue, the rest of the industry experienced a revenue rise in the third quarter of 2023. This contrast further underscores the weak position of the company within its competitive landscape. In Q2, revenue fell by -18.199% from $34.44 million, exacerbating the growing shortfall from $-0.34 per share.

Sunworks Inc

Sunworks Inc's Second Quarter 2023 Results: Unassuming -5.371% Decline in Revenue Signals Urgent Need for Financial Turnaround



In the highly competitive solar energy industry, Sunworks Inc has experienced a significant setback in its financial performance for the April to June 2023 interval. With a surge in net shortfall per share and a decline in revenue, the company faces several challenges that demand immediate attention. Alongside this, the recent drop in Sunworks Inc's stock price compounds its financial woes. This article will analyze the financial results and put them into context, shedding light on the potential reasons behind the downward trends.
Financial Performance Analysis:
Sunworks Inc's net shortfall per share for the April to June 30, 2023 interval increased to $-0.34 per share compared to $-0.23 per share from a year ago, showing a decline in profitability. Furthermore, the company witnessed a significant increase in net shortfall from $-0.18 per share in the preceding quarter. These figures raise concerns about Sunworks Inc's ability to manage costs effectively and generate sustainable profits.

Sunworks Inc

Despite a 21.487% Revenue Surge in 2023 Fiscal Year, Sunworks Inc Fails to Achieve Profitability

Sunworks Inc, a provider of solar power solutions announced a positive outlook in their most recent fiscal period. Despite a loss of $0.18 per share, the company experienced a surge in revenue by 21.487% to $37.90 million from the same reporting season a year prior.
However, sequentially, the loss per share significantly increased from $0.00 and revenue fell by -29.331% from $53.63 million. The supply side remained pressurized, but the operating climate for the company proposals resumed to be thriving. Sunworks Inc is focused on dealing with the current economic environment consistently to match its obligations and maintain the future market targets.






 

Sunworks Inc's Segments
 
 
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Sunworks Inc's Operating Statistics Decrease / Increase
       




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