Revenues of Sunworks Inc's Suppliers, deteriorated by -12.5 % compared to the same quarter a year ago, from the previous quarter, sales fell by -1.05 %, Sunworks Inc's cost of sales deteriorated by -5.68 % year on year, relative to one quarter ago cost of sales fell by -13.04 % in Q3.
Sunworks Inc's Suppliers realized a deteriorated in sales by -12.5 % compared to the same quarter a year ago, from the previous quarter, sales fell by -1.05 %, Sunworks Inc's cost of sales deteriorated by -5.68 % year on year, compare to one quarter ago cost of sales fell by -13.04 % in Q3.
We purchase solar panels, inverters and materials directly from multiple manufacturers
and through distributors. We intend to further coordinate purchases and optimize
supply relationships to realize the advantages of greater scale.
If one or more of our suppliers fail to meet our anticipated demand, ceases
or reduces production due to its financial condition, acquisition by a competitor
or otherwise, it may be difficult to quickly identify alternate suppliers or
to qualify alternative products on commercially reasonable terms, and our ability
to satisfy this demand may be adversely affected. We do not, however, rely on
any single supplier and, we believe, we can obtain needed solar panels and materials
from a number of different suppliers. Accordingly, we believe that the loss
of any single supplier would not materially affect our business.
We also utilize strategic companies with subcontractors for electrical installations,
for racking and solar panel installations, as well as numerous subcontractors
for grading, landscaping, and construction for our large agricultural, commercial,
and industrial customers.
Sunworks Inc's Comment on Supply Chain
We purchase solar panels, inverters and materials directly from multiple manufacturers
and through distributors. We intend to further coordinate purchases and optimize
supply relationships to realize the advantages of greater scale.
If one or more of our suppliers fail to meet our anticipated demand, ceases
or reduces production due to its financial condition, acquisition by a competitor
or otherwise, it may be difficult to quickly identify alternate suppliers or
to qualify alternative products on commercially reasonable terms, and our ability
to satisfy this demand may be adversely affected. We do not, however, rely on
any single supplier and, we believe, we can obtain needed solar panels and materials
from a number of different suppliers. Accordingly, we believe that the loss
of any single supplier would not materially affect our business.
We also utilize strategic companies with subcontractors for electrical installations,
for racking and solar panel installations, as well as numerous subcontractors
for grading, landscaping, and construction for our large agricultural, commercial,
and industrial customers.
SUNW's Suppliers Net profit fell by
SUNW's Suppliers Net margin fell in Q3 to
-68.86 %
6.29 %
SUNW's Suppliers Net profit fell by -68.86 %
SUNW's Suppliers Net margin fell in Q3 to 6.29 %
Sunworks Inc's Suppliers Sales Growth
in Q3 2023 by Industry
Sources:
Sunworks Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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