Sunworks (SUNW) Issues Earnings Results

Sunworks (NASDAQ:SUNW) released its quarterly earnings data on Wednesday. The semiconductor company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, MarketWatch Earnings reports. The firm had revenue of $18.28 million during the quarter, compared to the consensus estimate of $22.20 million. Sunworks had a negative net margin of 12.46% and a negative return on equity of 56.59%.

Shares of SUNW traded down $0.04 during midday trading on Friday, hitting $0.47. 176,551 shares of the stock traded hands, compared to its average volume of 125,732. Sunworks has a 1-year low of $0.33 and a 1-year high of $1.38. The company has a market cap of $10.28 million, a price-to-earnings ratio of -1.47 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.23.

A number of research firms have commented on SUNW. Chardan Capital downgraded shares of Sunworks from a “buy” rating to a “neutral” rating in a report on Tuesday, August 14th. Zacks Investment Research downgraded shares of Sunworks from a “hold” rating to a “sell” rating in a report on Saturday, August 11th.

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Sunworks Company Profile

Sunworks, Inc, through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The company also designs, arranges, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.

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Earnings History for Sunworks (NASDAQ:SUNW)

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