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Sunworks Inc (NASDAQ:SUNW)

0.029 USD

-1.561 98.176%

Last Updated at: 2024-02-16T14:30:00Z

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Previous Close (in USD)	1.59
Change	-1.561 98.176%
52 W H/L (in USD)	2.460/0.210
EBITDA (in USD)	-35.987M
PE Ratio	--
Volume	9582348
Diluted Eps TTM	-1.63

Total Assets (in USD)	119.94M
Total Liabilities (in USD)	56.003M
Revenue TTM (in USD)	154.863M
Cash (in USD)	7.807M
Market Cap (in USD)	14.599 M
Revenue Per Share TTM	4.080
Gross Profit TTM (in USD)	71.314M

Summary

---

Income Statement

Balance Sheet

Change in Cash

Operating Cash

Sunworks Inc

Sunworks, Inc., through its subsidiaries, engages in the provision of photovoltaic and battery based power and storage systems for the commercial, agricultural, industrial, public works, and residential markets in the United States. It is also involved in the design, arrange financing, integrate, install, and manage systems ranging for residential homeowners, and commercial and public works projects. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was incorporated in 2002 and is headquartered in Provo, Utah.

1555 Freedom Boulevard, Provo, UT, United States, 84604

866 600 6800

https://sunworksusa.com

Employees: 622

Key Executives

Sr. No.	Name	Title	Year Born
1.	Mr. Gaylon Morris	CEO & Director	1973
2.	Mr. Jason Lee Bonfigt CPA	CFO & Treasurer	1978
3.	Mr. Jason Scott Knapp	Pres of Solcius	1975
4.	Ms. Krista Mendoza	Chief Operating Officer	NA
5.	Mr. Paul C. McDonnel CPA	Sr. VP of Fin. & Accounting	1956
6.	Mr. Gerald A. Nadler	Chief Scientist	1943
7.	Mr. Wayne Tomlinson	Chief Information Officer	NA
8.	Mr. Christopher Gardner Monahan	Chief Legal Officer	1962
9.	Ms. Sarah Willis	Sr. VP of Marketing & Communications	NA
10.	Mr. Christopher S. Outwater	Director of Bus. Devel.	NA

Peers

Sector: Technology

Industry: Solar

Company	Change (USD)	Price (USD)	Trailing PE(x)	Forward PE(x)	Price Sales TTM(x)	Price to Book Value(x)	Enterprise Value to Revenue(x)	Enterprise Value to EBITDA(x)
FSLR First Solar Inc	+4.270 1.914%	224.67	28.970	13.441	5.886	2.921	5.440	14.893
ENPH Enphase Energy Inc	-0.260 0.214%	121.31	64.370	38.911	6.947	16.184	6.776	26.015
NXT Nextracker Inc. Class A Common Stock	+0.100 0.247%	40.83	16.440	12.438	2.713	15.496	2.463	15.558
XISHY Xinyi Solar Holdings Limited	+0.140 1.842%	7.74	11.550	14.925	0.219	1.236	0.236	1.124

• Income Statement
• Balance Sheet
• Cash Flow

Income Statement

(Currency in USD)

Breakdown	31-12-2022	31-12-2021	31-12-2020	31-12-2019	31-12-2018
Income Before Tax	-28.117M	-26.625M	-15.939M	-9.186M	-5.74M
Minority Interest	-	-	-	-	-
Net Income	-28.211M	-29.9M	-16.663M	-10.055M	-5.74M
Selling General Administrative	36.518M	29.77M	13.263M	11.647M	11.314M
Gross Profit	71.314M	44.647M	5.268M	6.663M	12.264M
Reconciled Depreciation	5.93M	6.943M	1.148M	1.001M	0.384M
Ebit	-28.209M	-23.76M	-11.235M	-8.329M	-3.296M
Ebitda	-24.394M	-13.923M	-10.077M	-7.97M	-2.912M
Depreciation And Amortization	3.815M	9.837M	1.158M	0.359M	0.384M
Operating Income	-28.209M	-23.76M	-11.235M	-8.329M	-5.158M
Other Operating Expenses	190.144M	124.914M	49.148M	68.159M	74.223M
Interest Expense	0.172M	0.381M	0.714M	0.863M	0.544M
Tax Provision	0.094M	0M	0M	0M	0M
Interest Income	-	-	-	0.863M	0.544M
Net Interest Income	-0.172M	-0.381M	-0.714M	-0.863M	-0.544M
Income Tax Expense	0.094M	3.275M	0.724M	0.869M	2.482M
Total Revenue	161.935M	101.154M	37.913M	59.83M	70.965M
Total Operating Expenses	99.523M	68.407M	16.503M	14.992M	15.522M
Cost Of Revenue	90.621M	56.507M	32.645M	53.167M	58.701M
Total Other Income Expense Net	0.092M	-2.865M	-4.704M	-0.857M	-1.938M
Net Income From Continuing Ops	-28.211M	-26.625M	-15.939M	-9.186M	-5.74M
Net Income Applicable To Common Shares	-28.211M	-26.625M	-15.999M	-9.186M	-5.74M

Balance Sheet

(Currency in USD)

Breakdown	31-12-2022	31-12-2021	31-12-2020	31-12-2019	31-12-2018
Total Assets	119.94M	100.813M	52.345M	30.803M	32.196M
Intangible Assets	5.29M	7.91M	0.008M	-	-
Other Current Assets	5.824M	4.154M	0.137M	0.275M	0.15M
Total Liab	56.003M	28.047M	18.288M	22.36M	22.2M
Total Stockholder Equity	63.937M	72.766M	34.057M	8.443M	9.996M
Other Current Liab	8.846M	7.198M	3.576M	2.545M	2.37M
Common Stock	0.035M	0.029M	0.024M	0.007M	0.026M
Capital Stock	0.035M	0.029M	0.024M	0.007M	0.026M
Retained Earnings	-143.471M	-115.26M	-88.635M	-72.696M	-63.51M
Good Will	32.186M	32.186M	5.464M	9.464M	9.464M
Other Assets	0.192M	0.132M	0.001M	0.069M	0.068M
Cash	7.807M	19.719M	38.991M	3.154M	3.628M
Cash And Equivalents	-	-	-	-	-
Total Current Liabilities	51.256M	24.745M	15.052M	17.794M	18.021M
Current Deferred Revenue	24.96M	12.201M	6.26M	5.369M	5.127M
Net Debt	-2.927M	-16.251M	-35.45M	2.175M	1.266M
Short Term Debt	1.729M	1.417M	1.436M	1.204M	1.036M
Short Long Term Debt	-	-	0.787M	0.34M	1.036M
Short Long Term Debt Total	4.88M	3.468M	3.541M	5.329M	4.894M
Other Stockholder Equity	207.373M	187.997M	122.668M	81.132M	74.574M
Property Plant Equipment	2.154M	7.104M	0.892M	0.511M	0.852M
Total Current Assets	74.852M	53.481M	45.942M	19.254M	21.812M
Long Term Investments	-	-	-	-	-
Short Term Investments	-	-	-	-	-
Net Receivables	34.572M	19.066M	5.287M	12.47M	14.354M
Long Term Debt	-	-	2.06M	3.484M	3.858M
Inventory	26.401M	10.219M	1.179M	2.97M	3.233M
Accounts Payable	15.721M	3.929M	3.78M	8.676M	11.858M
Accumulated Other Comprehensive Income	-	-	-	-1.427M	-1.094M
Non Currrent Assets Other	0.192M	0.132M	0.047M	0.069M	0.068M
Non Current Assets Total	45.088M	47.332M	6.403M	11.549M	10.384M
Capital Lease Obligations	4.88M	3.468M	0.694M	1.505M	-
Long Term Debt Total	-	-	2.06M	3.484M	3.858M

Cash Flow

(Currency in USD)

Breakdown	31-12-2022	31-12-2021	31-12-2020	31-12-2019	31-12-2018
Investments	-0.313M	-51.325M	-0.026M	0.011M	-0.003M
Total Cashflows From Investing Activities	-0.313M	-51.325M	-0.026M	0.011M	-0.003M
Total Cash From Financing Activities	16.516M	61.238M	40.163M	5.909M	2.999M
Net Income	-28.211M	-26.625M	-15.939M	-9.186M	-5.74M
Change In Cash	-11.987M	-19.297M	35.8M	-0.536M	-2.756M
Begin Period Cash Flow	20.042M	39.339M	3.539M	4.075M	6.831M
End Period Cash Flow	8.055M	20.042M	39.339M	3.539M	4.075M
Total Cash From Operating Activities	-28.19M	-29.21M	-4.337M	-6.456M	-5.752M
Depreciation	5.93M	6.943M	1.148M	1.001M	0.384M
Other Cashflows From Investing Activities	0.316M	-	0.001M	0.034M	0.006M
Dividends Paid	-	-	-	-	-
Change To Inventory	-16.258M	-5.207M	1.791M	0.263M	1.217M
Sale Purchase Of Stock	17.104M	-	41.406M	6.694M	0.05M
Other Cashflows From Financing Activities	-0.118M	-51.325M	2.847M	0.011M	3.682M
Capital Expenditures	0.629M	0.805M	0.027M	0.023M	0.009M
Change In Working Capital	-8.53M	-16.213M	5.329M	1.048M	-3.736M
Other Non Cash Items	0.225M	2.951M	0.266M	0.159M	0.036M
Free Cash Flow	-28.819M	-30.015M	-4.364M	-6.479M	-5.761M

Funds

Sr. No.	Name	Purchased On	Shares
1.	Vanguard Total Stock Mkt Idx Inv	9 months ago	1299138
2.	Vanguard Institutional Extnd Mkt Idx Tr	9 months ago	468374
3.	Bridgeway Ultra-Small Company	11 months ago	302073
4.	Fidelity® Extended Market Index	10 months ago	217445
5.	BlackRock Extended Mkt Composite	11 months ago	100444
6.	BlackRock Extended Equity Market K	11 months ago	87806
7.	Fidelity® Total Market Index	10 months ago	69800
8.	T. Rowe Price Extended Equity Market Idx	11 months ago	50900
9.	Fidelity® Series Total Market Index	10 months ago	43532
10.	NT Ext Equity Mkt Idx Fd - L	11 months ago	30131
11.	Northern Trust Extended Eq Market Idx	11 months ago	30131
12.	NT Ext Equity Mkt Idx Fd - NL	11 months ago	27401
13.	T. Rowe Price U.S. Equities Tr	11 months ago	22500
14.	Vanguard Instl Ttl Stck Mkt Idx Tr	10 months ago	21967
15.	Vanguard Instl Ttl Stk Mkt Idx InstlPls	9 months ago	21967
16.	NT Ext Equity Mkt Idx Fd - DC - NL - T2	11 months ago	21966
17.	Schwab Total Stock Market Index	9 months ago	17256
18.	BlackRock U.S. Equity Market F	11 months ago	17129
19.	Fidelity Nasdaq Composite Index	10 months ago	14202
20.	Spartan Total Market Index Pool E	10 months ago	12186

Institutions

Sr. No.	Name	Purchased On	Shares
1.	Vanguard Group Inc	11 months ago	1798802
2.	BlackRock Inc	11 months ago	435323
3.	Geode Capital Management, LLC	11 months ago	366177
4.	Bridgeway Capital Management, LLC	11 months ago	302073
5.	State Street Corporation	11 months ago	113153
6.	T. Rowe Price Associates, Inc.	11 months ago	73400
7.	Mccormack Advisors International	11 months ago	62740
8.	Northern Trust Corp	11 months ago	59764
9.	First Republic Inv Mgmt Inc	11 months ago	52017
10.	Group One Trading, LP	11 months ago	41136
11.	JANE STREET GROUP, LLC	11 months ago	39051
12.	Prudential Financial Inc	11 months ago	34200
13.	Marshall Wace Asset Management Ltd	11 months ago	25666
14.	Morgan Stanley - Brokerage Accounts	11 months ago	23997
15.	TWO SIGMA SECURITIES, LLC	11 months ago	18789
16.	Charles Schwab Investment Management Inc	11 months ago	17256
17.	Bank of New York Mellon Corp	11 months ago	17087
18.	Summit Financial, LLC	11 months ago	14000
19.	Susquehanna International Group, LLP	11 months ago	12222
20.	Baader Bank INC	11 months ago	11000

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