Financial Snapshot

Revenue
$154.9M
TTM
Gross Margin
33.52%
TTM
Net Earnings
-$62.51M
TTM
Current Assets
Q3 2023
Current Liabilities
Q3 2023
Current Ratio
123.57%
Q3 2023
Total Assets
Q3 2023
Total Liabilities
Q3 2023
Book Value
$21.61M
Q3 2023
Cash
Q3 2023
P/E
-0.0000009119
Nov 29, 2024 EST
Free Cash Flow
-$26.44M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Revenue $161.9M $101.2M $37.91M $59.83M $70.97M $77.45M $86.42M $53.71M $20.19M $0.00 $0.00 $0.00 $0.00 $40.00K $60.00K $40.00K $550.0K $230.0K
YoY Change 60.09% 166.83% -36.64% -15.7% -8.37% -10.38% 60.9% 166.02% -100.0% -33.33% 50.0% -92.73% 139.13%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Revenue $161.9M $101.2M $37.91M $59.83M $70.97M $77.45M $86.42M $53.71M $20.19M $0.00 $0.00 $0.00 $0.00 $40.00K $60.00K $40.00K $550.0K $230.0K
Cost Of Revenue $90.62M $56.51M $32.65M $53.17M $58.70M $63.79M $64.31M $36.66M $14.58M $0.00 $0.00 $0.00 $0.00 $40.00K $0.00 $30.00K $50.00K $350.0K
Gross Profit $71.31M $44.65M $5.270M $6.660M $12.26M $13.66M $22.11M $17.05M $5.610M $0.00 $0.00 $0.00 $0.00 $0.00 $60.00K $10.00K $500.0K -$120.0K
Gross Profit Margin 44.04% 44.14% 13.9% 11.13% 17.27% 17.64% 25.58% 31.74% 27.79% 0.0% 100.0% 25.0% 90.91% -52.17%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Selling, General & Admin $93.33M $62.53M $16.17M $14.65M $15.14M $19.57M $29.81M $14.57M $5.180M $970.0K $1.320M $1.360M $570.0K $460.0K $2.190M $610.0K $670.0K $720.0K
YoY Change 49.25% 286.7% 10.38% -3.24% -22.64% -34.35% 104.6% 181.27% 434.02% -26.52% -2.94% 138.6% 23.91% -79.0% 259.02% -8.96% -6.94%
% of Gross Profit 130.87% 140.05% 306.83% 219.97% 123.49% 143.27% 134.83% 85.45% 92.34% 3650.0% 6100.0% 134.0%
Research & Development $0.00 $50.00K $110.0K $110.0K $160.0K $130.0K $40.00K $0.00 $120.0K $350.0K $330.0K $200.0K
YoY Change -100.0% -54.55% 0.0% -31.25% 23.08% 225.0% -100.0% -65.71% 6.06% 65.0%
% of Gross Profit 0.0% 0.29% 1.96% 200.0% 3500.0% 66.0%
Depreciation & Amortization $4.823M $5.877M $340.0K $350.0K $380.0K $410.0K $320.0K $50.00K $10.00K $0.00 $0.00 $0.00 $0.00 $10.00K $40.00K $30.00K $10.00K $10.00K
YoY Change -17.93% 1628.53% -2.86% -7.89% -7.32% 28.13% 540.0% 400.0% -100.0% -75.0% 33.33% 200.0% 0.0%
% of Gross Profit 6.76% 13.16% 6.45% 5.26% 3.1% 3.0% 1.45% 0.29% 0.18% 66.67% 300.0% 2.0%
Operating Expenses $99.52M $68.41M $16.50M $15.00M $15.52M $19.97M $30.13M $14.68M $5.300M $1.080M $1.480M $1.490M $610.0K $470.0K $2.350M $990.0K $1.010M $920.0K
YoY Change 45.49% 314.59% 10.0% -3.35% -22.28% -33.72% 105.25% 176.98% 390.74% -27.03% -0.67% 144.26% 29.79% -80.0% 137.37% -1.98% 9.78%
Operating Profit -$28.21M -$23.76M -$11.23M -$8.340M -$3.260M -$6.310M -$8.020M $2.370M $310.0K -$1.080M -$1.480M -$1.490M -$610.0K -$470.0K -$2.290M -$980.0K -$510.0K -$1.040M
YoY Change 18.72% 111.58% 34.65% 155.83% -48.34% -21.32% -438.4% 664.52% -128.7% -27.03% -0.67% 144.26% 29.79% -79.48% 133.67% 92.16% -50.96%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Interest Expense -$172.0K -$381.0K -$710.0K -$860.0K -$540.0K -$920.0K -$1.030M -$1.310M -$24.96M -$2.790M -$530.0K $0.00 -$10.00K -$10.00K -$60.00K -$50.00K -$100.0K -$20.00K
YoY Change -54.86% -46.34% -17.44% 59.26% -41.3% -10.68% -21.37% -94.75% 794.62% 426.42% -100.0% 0.0% -83.33% 20.0% -50.0% 400.0%
% of Operating Profit -55.27% -8051.61%
Other Income/Expense, Net $92.00K $47.00K $10.00K $20.00K -$40.00K $20.00K -$330.0K $0.00 -$30.00K
YoY Change 95.74% 370.0% -50.0% -150.0% -300.0% -106.06% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Pretax Income -$28.12M -$26.63M -$15.94M -$9.190M -$5.740M -$7.220M -$9.380M $1.060M -$24.87M -$3.810M -$2.040M -$1.550M -$620.0K -$1.050M -$2.350M -$1.020M -$610.0K -$1.070M
YoY Change 5.6% 67.03% 73.45% 60.1% -20.5% -23.03% -984.91% -104.26% 552.76% 86.76% 31.61% 150.0% -40.95% -55.32% 130.39% 67.21% -42.99%
Income Tax $94.00K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$28.21M -$26.63M -$15.94M -$9.190M -$5.740M -$7.220M -$9.380M $1.060M -$24.87M -$3.810M -$2.040M -$1.550M -$620.0K -$1.050M -$2.350M -$1.030M -$610.0K -$1.070M
YoY Change 5.96% 67.03% 73.45% 60.1% -20.5% -23.03% -984.91% -104.26% 552.76% 86.76% 31.61% 150.0% -40.95% -55.32% 128.16% 68.85% -42.99%
Net Earnings / Revenue -17.42% -26.32% -42.05% -15.36% -8.09% -9.32% -10.85% 1.97% -123.18% -2625.0% -3916.67% -2575.0% -110.91% -465.22%
Basic Earnings Per Share -$0.86 -$0.99
Diluted Earnings Per Share -$0.86 -$988.0K -$1.022M -$2.065M -$1.612M -$2.270M -$3.246M $312.7K -$14.98M -$4.097M -$2.914M -$2.583M -$1.590M -$7.000M -$47.00M -$25.75M -$15.25M -$35.67M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Cash & Short-Term Investments $7.807M $19.72M $38.99M $3.150M $3.630M $6.360M $11.07M $12.04M $410.0K $10.00K $30.00K $0.00 $0.00 $10.00K $0.00 $0.00 $50.00K $170.0K
YoY Change -60.41% -49.43% 1137.78% -13.22% -42.92% -42.55% -8.06% 2836.59% 4000.0% -66.67% -100.0% -100.0% -70.59%
Cash & Equivalents $7.807M $19.72M $38.99M $3.150M $3.630M $6.360M $11.07M $12.04M $410.0K $10.00K $30.00K $0.00 $0.00 $10.00K $0.00 $0.00 $50.00K $170.0K
Short-Term Investments
Other Short-Term Assets $6.072M $4.477M $490.0K $660.0K $600.0K $6.350M $4.460M $2.390M $1.560M $0.00 $0.00 $30.00K $20.00K $0.00 $0.00 $10.00K $0.00 $0.00
YoY Change 35.63% 813.67% -25.76% 10.0% -90.55% 42.38% 86.61% 53.21% -100.0% 50.0% -100.0%
Inventory $26.40M $10.22M $1.180M $2.970M $3.230M $4.450M $3.390M $1.270M $20.00K $0.00 $40.00K $40.00K $0.00 $10.00K
Prepaid Expenses
Receivables $34.57M $19.07M $5.290M $12.47M $14.35M $11.33M $9.670M $7.020M $2.020M $50.00K $0.00
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $74.85M $53.48M $45.94M $19.25M $21.81M $28.48M $28.59M $22.72M $4.020M $20.00K $40.00K $30.00K $30.00K $10.00K $40.00K $350.0K $100.0K $190.0K
YoY Change 39.96% 16.41% 138.65% -11.74% -23.42% -0.38% 25.84% 465.17% 20000.0% -50.0% 33.33% 0.0% 200.0% -75.0% -88.57% 250.0% -47.37%
Property, Plant & Equipment $7.420M $7.104M $890.0K $2.020M $850.0K $1.230M $1.670M $750.0K $80.00K $10.00K $0.00 $10.00K $10.00K $0.00 $10.00K $20.00K $30.00K $50.00K
YoY Change 4.45% 698.2% -55.94% 137.65% -30.89% -26.35% 122.67% 837.5% 700.0% -100.0% 0.0% -100.0% -50.0% -33.33% -40.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $192.0K $132.0K $50.00K $70.00K $70.00K $70.00K $50.00K $40.00K $20.00K $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K $10.00K $0.00 $0.00
YoY Change 45.45% 164.0% -28.57% 0.0% 0.0% 40.0% 25.0% 100.0% -100.0% 0.0%
Total Long-Term Assets $45.09M $47.33M $6.410M $11.55M $10.39M $12.67M $13.09M $12.14M $2.700M $30.00K $0.00 $0.00 $10.00K $0.00 $20.00K $1.810M $40.00K $50.00K
YoY Change -4.74% 638.41% -44.5% 11.16% -18.0% -3.21% 7.83% 349.63% 8900.0% -100.0% -100.0% -98.9% 4425.0% -20.0%
Total Assets $119.9M $100.8M $52.35M $30.80M $32.20M $41.15M $41.68M $34.86M $6.720M $50.00K $40.00K $30.00K $40.00K $10.00K $60.00K $2.160M $140.0K $240.0K
YoY Change
Accounts Payable $15.72M $3.929M $3.780M $8.680M $9.490M $13.09M $12.98M $5.030M $1.970M $70.00K $70.00K $20.00K $10.00K $50.00K $90.00K $40.00K $40.00K $10.00K
YoY Change 300.13% 3.94% -56.45% -8.54% -27.5% 0.85% 158.05% 155.33% 2714.29% 0.0% 250.0% 100.0% -80.0% -44.44% 125.0% 0.0% 300.0%
Accrued Expenses $9.944M $8.191M $4.230M $3.410M $2.370M $80.00K $50.00K $0.00 $590.0K $530.0K $410.0K $250.0K $70.00K $30.00K
YoY Change 21.4% 93.64% 24.05% 43.88% 60.0% -100.0% 11.32% 29.27% 64.0% 257.14% 133.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K $70.00K $70.00K $70.00K $450.0K $0.00 $0.00
YoY Change -100.0% -85.71% 0.0% 0.0% -84.44%
Long-Term Debt Due $631.0K $424.0K $790.0K $340.0K $1.040M $840.0K $1.180M $3.630M $1.780M $520.0K $120.0K $0.00 $40.00K $420.0K $250.0K
YoY Change 48.82% -46.33% 132.35% -67.31% 23.81% -28.81% -67.49% 103.93% 242.31% 333.33% -100.0% -90.48%
Total Short-Term Liabilities $51.26M $24.75M $15.05M $17.79M $18.02M $24.12M $19.22M $11.05M $4.760M $3.490M $930.0K $30.00K $660.0K $680.0K $1.020M $770.0K $390.0K $200.0K
YoY Change 107.14% 64.42% -15.4% -1.28% -25.29% 25.49% 73.94% 132.14% 36.39% 275.27% 3000.0% -95.45% -2.94% -33.33% 32.47% 97.44% 95.0%
Long-Term Debt $1.470M $542.0K $2.060M $3.480M $3.860M $1.120M $1.150M $230.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $440.0K $440.0K $440.0K
YoY Change 171.22% -73.69% -40.8% -9.84% 244.64% -2.61% 400.0% -100.0% 0.0% 0.0%
Other Long-Term Liabilities $3.277M $2.760M $1.180M $1.080M $320.0K $250.0K $120.0K $50.00K $0.00 $0.00 $50.00K $80.00K
YoY Change 18.73% 133.9% 9.26% 237.5% 28.0% 108.33% 140.0% -100.0% -37.5%
Total Long-Term Liabilities $4.747M $3.302M $3.240M $4.560M $4.180M $1.370M $1.270M $280.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $490.0K $520.0K $440.0K
YoY Change 43.76% 1.91% -28.95% 9.09% 205.11% 7.87% 353.57% -100.0% -5.77% 18.18%
Total Liabilities $56.00M $28.05M $18.29M $22.36M $22.20M $25.49M $20.48M $11.32M $4.760M $3.490M $930.0K $30.00K $660.0K $680.0K $1.020M $1.250M $910.0K $630.0K
YoY Change 99.68% 53.35% -18.2% 0.72% -12.91% 24.46% 80.92% 137.82% 36.39% 275.27% 3000.0% -95.45% -2.94% -33.33% -18.4% 37.36% 44.44%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Basic Shares Outstanding 32.83M shares 26.95M shares
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $57.00

About Sunworks, Inc.

Sunworks, Inc. engages in the provision of photovoltaic and battery based power and storage systems for the residential and commercial markets. The company is headquartered in Provo, Utah and currently employs 622 full-time employees. The company went IPO on 2006-02-03. The firm's commercial projects include commercial, agricultural, industrial, and public works projects. The company operates through three segments: Residential Solar, Commercial Solar Energy, and Corporate. Residential Solar segment designs, arrange finances, integrates, installs, and manages systems, primarily for residential homeowners. The Commercial Solar Energy segment designs, arrange finances, integrates, installs, and manages systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems primarily for larger commercial and public works projects. Its commercial installations include installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its public works installations include school districts, federal facilities and local municipalities.

Industry: Miscellaneous Electrical Machinery, Equipment & Supplies Peers: ADVENT TECHNOLOGIES HOLDINGS, INC. AMERICAN SUPERCONDUCTOR CORP /DE/ Eos Energy Enterprises, Inc. Beam Global Energous Corp KULR Technology Group, Inc. NeoVolta Inc. Romeo Power, Inc. SOLAR INTEGRATED ROOFING CORP.