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Sunworks Inc

Technology US SUNW

0.029USD
-1.561(98.18%)

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

Day Range

0.020.03
LowHigh

52 Week Range

0.212.46
LowHigh

Fundamentals

  • Previous Close 1.59
  • Market Cap14.60M
  • Volume9582348
  • P/E Ratio-
  • Dividend Yield9.02%
  • EBITDA-35.98700M
  • Revenue TTM154.86M
  • Revenue Per Share TTM4.08
  • Gross Profit TTM 71.31M
  • Diluted EPS TTM-1.63

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -28.11700M -26.62500M -15.93900M -9.18600M -5.74000M
Minority interest - - - - -
Net income -28.21100M -29.90000M -16.66300M -10.05500M -5.74000M
Selling general administrative 36.52M 29.77M 13.26M 11.65M 11.31M
Selling and marketing expenses 59.21M 32.76M 2.90M 2.99M 3.82M
Gross profit 71.31M 44.65M 5.27M 6.66M 12.26M
Reconciled depreciation 5.93M 6.94M 1.15M 1.00M 0.38M
Ebit -28.20900M -23.76000M -11.23500M -8.32900M -3.29600M
Ebitda -24.39400M -13.92300M -10.07700M -7.97000M -2.91200M
Depreciation and amortization 3.81M 9.84M 1.16M 0.36M 0.38M
Non operating income net other 0.26M - 0.01000M 0.00600M -0.03800M
Operating income -28.20900M -23.76000M -11.23500M -8.32900M -5.15800M
Other operating expenses 190.14M 124.91M 49.15M 68.16M 74.22M
Interest expense 0.17M 0.38M 0.71M 0.86M 0.54M
Tax provision 0.09M 0.00000M 0.00000M 0.00000M 0.00000M
Interest income - - - 0.86M 0.54M
Net interest income -0.17200M -0.38100M -0.71400M -0.86300M -0.54400M
Extraordinary items - - - - -
Non recurring - - 4.00M - 1.90M
Other items - - - - -
Income tax expense 0.09M 3.27M 0.72M 0.87M 2.48M
Total revenue 161.94M 101.15M 37.91M 59.83M 70.97M
Total operating expenses 99.52M 68.41M 16.50M 14.99M 15.52M
Cost of revenue 90.62M 56.51M 32.65M 53.17M 58.70M
Total other income expense net 0.09M -2.86500M -4.70400M -0.85700M -1.93800M
Discontinued operations - - - - -
Net income from continuing ops -28.21100M -26.62500M -15.93900M -9.18600M -5.74000M
Net income applicable to common shares -28.21100M -26.62500M -15.99900M -9.18600M -5.74000M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 119.94M 100.81M 52.34M 30.80M 32.20M
Intangible assets 5.29M 7.91M 0.00791M - -
Earning assets - - - - -
Other current assets 5.82M 4.15M 0.14M 0.28M 0.15M
Total liab 56.00M 28.05M 18.29M 22.36M 22.20M
Total stockholder equity 63.94M 72.77M 34.06M 8.44M 10.00M
Deferred long term liab - - - - -
Other current liab 8.85M 7.20M 3.58M 2.54M 2.37M
Common stock 0.04M 0.03M 0.02M 0.00700M 0.03M
Capital stock 0.04M 0.03M 0.02M 0.00700M 0.03M
Retained earnings -143.47100M -115.26000M -88.63500M -72.69600M -63.51000M
Other liab 1.60M 1.25M 1.13M 0.44M 0.32M
Good will 32.19M 32.19M 5.46M 9.46M 9.46M
Other assets 0.19M 0.13M 0.00074M 0.07M 0.07M
Cash 7.81M 19.72M 38.99M 3.15M 3.63M
Cash and equivalents - - - - -
Total current liabilities 51.26M 24.75M 15.05M 17.79M 18.02M
Current deferred revenue 24.96M 12.20M 6.26M 5.37M 5.13M
Net debt -2.92700M -16.25100M -35.45000M 2.17M 1.27M
Short term debt 1.73M 1.42M 1.44M 1.20M 1.04M
Short long term debt - - 0.79M 0.34M 1.04M
Short long term debt total 4.88M 3.47M 3.54M 5.33M 4.89M
Other stockholder equity 207.37M 188.00M 122.67M 81.13M 74.57M
Property plant equipment 2.15M 7.10M 0.89M 0.51M 0.85M
Total current assets 74.85M 53.48M 45.94M 19.25M 21.81M
Long term investments - - - - -
Net tangible assets 26.46M 32.67M 28.59M 8.44M 0.53M
Short term investments - - - - -
Net receivables 34.57M 19.07M 5.29M 12.47M 14.35M
Long term debt - - 2.06M 3.48M 3.86M
Inventory 26.40M 10.22M 1.18M 2.97M 3.23M
Accounts payable 15.72M 3.93M 3.78M 8.68M 11.86M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -1.42700M -1.09400M
Additional paid in capital - - - - -
Common stock total equity 0.04M - 0.02M 0.00700M 0.03M
Preferred stock total equity - - - - -
Retained earnings total equity -143.47100M - -88.63500M -72.69600M -63.51000M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.19M 0.13M 0.05M 0.07M 0.07M
Deferred long term asset charges - - - - -
Non current assets total 45.09M 47.33M 6.40M 11.55M 10.38M
Capital lease obligations 4.88M 3.47M 0.69M 1.50M -
Long term debt total - - 2.06M 3.48M 3.86M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -0.31300M -51.32500M -0.02600M 0.01M -0.00300M
Change to liabilities 13.79M -2.48400M -2.97400M -0.45600M -1.08800M
Total cashflows from investing activities -0.31300M -51.32500M -0.02600M 0.01M -0.00300M
Net borrowings -0.47000M -0.36200M -1.24300M -0.78500M 2.95M
Total cash from financing activities 16.52M 61.24M 40.16M 5.91M 3.00M
Change to operating activities -2.49200M -3.35400M 0.04M -0.65400M 2.01M
Net income -28.21100M -26.62500M -15.93900M -9.18600M -5.74000M
Change in cash -11.98700M -19.29700M 35.80M -0.53600M -2.75600M
Begin period cash flow 20.04M 39.34M 3.54M 4.08M 6.83M
End period cash flow 8.05M 20.04M 39.34M 3.54M 4.08M
Total cash from operating activities -28.19000M -29.21000M -4.33700M -6.45600M -5.75200M
Issuance of capital stock 17.10M 61.60M 41.41M 6.69M -
Depreciation 5.93M 6.94M 1.15M 1.00M 0.38M
Other cashflows from investing activities 0.32M - 0.00100M 0.03M 0.00600M
Dividends paid - - - - -
Change to inventory -16.25800M -5.20700M 1.79M 0.26M 1.22M
Change to account receivables -9.77800M -0.40300M 4.01M 0.48M 3.04M
Sale purchase of stock 17.10M - 41.41M 6.69M 0.05M
Other cashflows from financing activities -0.11800M -51.32500M 2.85M 0.01M 3.68M
Change to netincome 2.62M 6.68M 4.86M -0.12600M 3.30M
Capital expenditures 0.63M 0.81M 0.03M 0.02M 0.00900M
Change receivables -9.77800M - 4.01M 0.48M 3.04M
Cash flows other operating 4.83M - 3.52M 2.05M -6.90300M
Exchange rate changes - - - - -
Cash and cash equivalents changes -11.98700M - 35.80M -0.53600M -2.75600M
Change in working capital -8.53000M -16.21300M 5.33M 1.05M -3.73600M
Stock based compensation 2.40M 3.73M 0.15M 0.43M 1.31M
Other non cash items 0.23M 2.95M 0.27M 0.16M 0.04M
Free cash flow -28.81900M -30.01500M -4.36400M -6.47900M -5.76100M

Peer Comparison

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)
SUNW
Sunworks Inc		 -1.561 98.18% 0.03 - 3.40 0.09 0.66 0.12 -0.3239
FSLR
First Solar Inc		 1.18 0.53% 222.51 28.97 13.44 5.89 2.92 5.44 14.89
ENPH
Enphase Energy Inc		 2.12 1.82% 119.03 64.37 38.91 6.95 16.18 6.78 26.01
NXT
Nextracker Inc. Class A Common Stock		 0.29 0.62% 47.10 16.44 12.44 2.71 15.50 2.46 15.56
XISHY
Xinyi Solar Holdings Limited		 -0.125 1.34% 9.17 11.55 14.93 0.22 1.24 0.24 1.12

Reports Covered

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Profile

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.

Sunworks Inc

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

Key Executives

Name Title Year Born
Mr. Gaylon Morris CEO & Director 1973
Mr. Jason Lee Bonfigt CPA CFO & Treasurer 1978
Mr. Jason Scott Knapp Pres of Solcius 1975
Ms. Krista Mendoza Chief Operating Officer NA
Mr. Paul C. McDonnel CPA Sr. VP of Fin. & Accounting 1956
Mr. Gerald A. Nadler Chief Scientist 1943
Mr. Wayne Tomlinson Chief Information Officer NA
Mr. Christopher Gardner Monahan Chief Legal Officer 1962
Ms. Sarah Willis Sr. VP of Marketing & Communications NA
Mr. Christopher S. Outwater Director of Bus. Devel. NA

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