Sunworks Reports Third Quarter Revenue of $18.8 Million and Net Loss Per Share of ($0.09)
Sunworks, Inc. (SUNW)
Last sunworks, inc. earnings: 10/31 07:07 am
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US:NASDAQ Investor Relations:
ir.sunworksusa.com
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Source: GlobeNewswire
--- Record New Sales of $38.0 Million; Backlog Reaches Record Level --- ROSEVILLE, Calif., Nov. 14, 2017 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq:SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced financial results for the third quarter and nine months ended September 30, 2017. Q3 2017 Summary: Revenue of $18.8 million, an increase of 7.1% compared to $17.6 million recorded in the year-ago quarterGross margin of 16.5% compared to 26.5% in the year-ago quarter Net loss of $2.0 million compared to net loss of $6.1 million in the year-ago quarterRecord backlog at September 30, 2017 of $63.8 million Chuck Cargile, Sunworks Chief Executive Officer said, “Several projects totaling approximately $4 million, which we expected to begin during the quarter slipped into the fourth quarter. In addition, we experienced more than $1 million of cost over-runs on four large projects completed in th
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