Sunworks Reports 2017 Fourth Quarter and Full-Year Results
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
ROSEVILLE, Calif., March 28, 2018 (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 fourth quarter and full year ended December 31, 2017. Chuck Cargile, Sunworks Chief Executive Officer, said, “Our 2017 final results were consistent with the update we provided on March 8, 2018. Certainly, 2017 was a challenging year for the solar industry as a whole, and a year of transition for Sunworks. For the last several years Sunworks, along with the overall solar industry, experienced significant top-line growth. In 2017, this trend reversed as industry-wide photovoltaic installed capacity declined as did Sunworks revenue. In response to the challenges in 2017, we significantly decreased our cost structure, improved our internal controls and processes, and positioned the company for profitability and enhanced cash generation i
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