Filed for bankruptcy in Apr 2024
SUNW - Sunworks, Inc.
NASDAQ
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Technology
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Solar
Roseville,
United States
Type: Equity
SUNW price evolution
SUNW
| (in millions $) | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 | 31 Jan 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $2.65 | $5.08 | $3.9 | $8.25 |
| Short term investments | ||||
| Net receivables | $10.2 | $14.71 | $12.32 | $34.57 |
| Inventory | $16.38 | $18.94 | $20.33 | $26.4 |
| Total current assets | $49.3 | $58.01 | $63.24 | $74.85 |
| Long term investments | ||||
| Property, plant & equipment | $7.51 | $8.16 | $8.05 | $7.42 |
| Goodwill & intangible assets | $10.49 | $36.82 | $37.15 | $37.48 |
| Total noncurrent assets | $18.2 | $45.18 | $45.4 | $45.09 |
| Total investments | ||||
| Total assets | $67.5 | $103.19 | $108.64 | $119.94 |
| Current liabilities | ||||
| Accounts payable | $18.59 | $22.21 | $20.33 | $24.57 |
| Deferred revenue | $19.28 | $21.23 | $22.71 | $24.96 |
| Short long term debt | $2.03 | $2.06 | $2.01 | $1.73 |
| Total current liabilities | $39.9 | $45.49 | $45.05 | $51.26 |
| Long term debt | $4.22 | $4.28 | $3.84 | $1.47 |
| Total noncurrent liabilities | $6 | $5.99 | $5.5 | $4.75 |
| Total debt | $6.25 | $6.33 | $5.85 | $4.88 |
| Total liabilities | $45.89 | $51.49 | $50.55 | $56 |
| Shareholders' equity | ||||
| Retained earnings | -$198.94 | -$162.54 | -$149.86 | -$143.47 |
| Other shareholder equity | ||||
| Total shareholder equity | $21.61 | $51.7 | $58.09 | $63.94 |
| (in millions $) | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $8.25 | $20.17 | $39.39 | $3.61 |
| Short term investments | ||||
| Net receivables | $34.57 | $4.57 | $2.89 | $7.61 |
| Inventory | $26.4 | $10.22 | $1.18 | $2.97 |
| Total current assets | $74.85 | $53.48 | $45.94 | $19.25 |
| Long term investments | ||||
| Property, plant & equipment | $7.42 | $7.1 | $0.89 | $2.02 |
| Goodwill & intangible assets | $37.48 | $40.1 | $5.46 | $9.46 |
| Total noncurrent assets | $45.09 | $47.33 | $6.4 | $11.55 |
| Total investments | ||||
| Total assets | $119.94 | $100.81 | $52.34 | $30.8 |
| Current liabilities | ||||
| Accounts payable | $15.72 | $11.13 | $7.36 | $11.22 |
| Deferred revenue | $24.96 | $12.2 | $5.96 | $4.62 |
| Short long term debt | $1.73 | $1.42 | $1.44 | $0.95 |
| Total current liabilities | $51.26 | $24.75 | $15.05 | $17.79 |
| Long term debt | $1.47 | $2.05 | $2.1 | $4.13 |
| Total noncurrent liabilities | $4.75 | $3.3 | $3.24 | $4.57 |
| Total debt | $4.88 | $3.47 | $3.54 | $5.08 |
| Total liabilities | $56 | $28.05 | $18.29 | $22.36 |
| Shareholders' equity | ||||
| Retained earnings | -$143.47 | -$115.26 | -$88.64 | -$72.7 |
| Other shareholder equity | ||||
| Total shareholder equity | $63.94 | $72.77 | $34.06 | $8.44 |
| (in millions $) | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $28.7 | $34.64 | $37.9 | $53.63 |
| Cost of revenue | $20.52 | $23.2 | $25.97 | $31.59 |
| Gross Profit | $8.17 | $11.44 | $11.93 | $22.04 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $17.24 | $21.74 | $20.93 | $27.98 |
| Total operating expenses | $44.34 | $22.8 | $21.99 | $28.98 |
| Operating income | -$36.17 | -$11.36 | -$10.07 | -$6.94 |
| Income from continuing operations | ||||
| EBIT | -$36.01 | -$12.39 | -$6.32 | -$6.97 |
| Income tax expense | $0.11 | |||
| Interest expense | $0.39 | $0.17 | $0.07 | $0.06 |
| Net income | ||||
| Net income | -$36.4 | -$12.68 | -$6.39 | -$7.03 |
| Income (for common shares) | -$36.4 | -$12.68 | -$6.39 | -$7.03 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $161.94 | $101.15 | $37.91 | $59.83 |
| Cost of revenue | $90.62 | $56.51 | $32.65 | $53.17 |
| Gross Profit | $71.31 | $44.65 | $5.27 | $6.66 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $93.33 | $58.8 | $16.02 | $14.21 |
| Total operating expenses | $99.52 | $73.87 | $20.5 | $14.99 |
| Operating income | -$28.21 | -$29.22 | -$15.23 | -$8.33 |
| Income from continuing operations | ||||
| EBIT | -$27.95 | -$26.24 | -$15.22 | -$8.32 |
| Income tax expense | $0.09 | |||
| Interest expense | $0.17 | $0.38 | $0.71 | $0.86 |
| Net income | ||||
| Net income | -$28.21 | -$26.63 | -$15.94 | -$9.19 |
| Income (for common shares) | -$28.21 | -$26.63 | -$16 | -$9.19 |
| (in millions $) | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 |
|---|---|---|---|---|
| Net income | -$36.4 | -$12.68 | -$6.39 | -$7.03 |
| Operating activities | ||||
| Depreciation | $1.33 | $1.34 | $1.3 | $1.29 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.48 | $0.44 | $0.44 | $0.38 |
| Total cash flows from operations | -$8.8 | -$4.46 | -$6.7 | -$6.09 |
| Investing activities | ||||
| Capital expenditures | $0.82 | $0.06 | $2.42 | -$0.19 |
| Investments | ||||
| Total cash flows from investing | $0.82 | $0.06 | $2.42 | -$0.19 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $5.84 | $5.85 | $0.14 | |
| Net borrowings | -$0.3 | -$0.26 | -$0.18 | -$0.12 |
| Total cash flows from financing | $5.54 | $5.58 | -$0.08 | -$0.19 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$2.43 | $1.19 | -$4.36 | -$6.47 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Net income | -$28.21 | -$26.63 | -$15.94 | -$9.19 |
| Operating activities | ||||
| Depreciation | $5.93 | $6.94 | $1.15 | $1 |
| Business acquisitions & disposals | -$50.62 | |||
| Stock-based compensation | $2.4 | $3.73 | $0.15 | $0.43 |
| Total cash flows from operations | -$28.19 | -$29.21 | -$4.34 | -$6.46 |
| Investing activities | ||||
| Capital expenditures | -$0.31 | -$0.71 | -$0.03 | $0.01 |
| Investments | ||||
| Total cash flows from investing | -$0.31 | -$51.33 | -$0.03 | $0.01 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $17.1 | $61.6 | $41.41 | $6.69 |
| Net borrowings | -$0.47 | -$0.36 | -$1.24 | -$0.79 |
| Total cash flows from financing | $16.52 | $61.24 | $40.16 | $5.91 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$11.99 | -$19.3 | $35.8 | -$0.54 |
News
Fundamentals
| Market cap | $1.22M |
|---|---|
| Enterprise value | $4.82M |
| Shares outstanding | 48.90M |
| Revenue | $154.86M |
|---|---|
| EBITDA | -$56.43M |
| EBIT | -$61.69M |
| Net Income | -$62.50M |
| Revenue Q/Q | -29.52% |
| Revenue Y/Y | 10.63% |
| P/E ratio | -0.02 |
|---|---|
| EV/Sales | 0.03 |
| EV/EBITDA | -0.09 |
| EV/EBIT | -0.08 |
| P/S ratio | 0.01 |
| P/B ratio | 0.06 |
| Book/Share | 0.44 |
| Cash/Share | 0.05 |
| EPS | -$1.28 |
|---|---|
| ROA | -62.61% |
| ROE | -127.98% |
| Debt/Equity | 0.88 |
|---|---|
| Net debt/EBITDA | -0.77 |
| Current ratio | 1.24 |
| Quick ratio | 0.83 |