Sunworks Reports First Quarter 2018 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., May 15, 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 first quarter ended March 31, 2018. Chuck Cargile, Sunworks Chief Executive Officer said, “Our first quarter 2018 financial results were consistent with our expectations – marked by low seasonal installation revenue but also reflected lower operating expenses for the third straight quarter and a near 50% increase in new project bookings compared with the first quarter of 2017. We are confident that the new project bookings secured in the first quarter will drive higher quarterly revenue and operating profit in subsequent quarters.” First Quarter 2018 Summary: New bookings of $37.5 million reported for the first quarter of 2018 – an increase of 45.9% versus the $25.7 million reported in the prior year first quarter.Revenue of $13.4
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