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Stock impact report

Sunworks +3.8% as Q4 revenues top expectations [Seeking Alpha]

Sunworks, Inc. (SUNW) 
Last sunworks, inc. earnings: 10/31 07:07 am Check Earnings Report
US:NASDAQ Investor Relations: ir.sunworksusa.com
Company Research Source: Seeking Alpha
Sunworks +3.8% as Q4 revenues top expectations Sunworks (NASDAQ: SUNW up 3.8% Revenues fell fractionally, and the company lost $1.8M as reported. That included a $1.9M noncash charge, however, and net income would have been $51,000 without it. Gross margin was 18.6%, the highest in six quarters. Backlog of projects scheduled for installation in the next 12 months was $46.1M. For Q1, the company's guiding to seasonally slow revenues exacerbated by unusually rainy California weather: similar to the prior year, about $13M, but increasing throughout 2019. It expects a Q1 loss but positive net income in subsequent quarters this year. Previously: Sunworks beats on revenue Press release Show less Read more
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