Sunworks, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 09:01 am EST
Share
Sunworks, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 28.7 million compared to USD 40.71 million a year ago. Net loss was USD 36.4 million compared to USD 5.39 million a year ago. Basic loss per share from continuing operations was USD 0.84 compared to USD 0.16 a year ago.
For the nine months, sales was USD 101.23 million compared to USD 108.31 million a year ago. Net loss was USD 55.47 million compared to USD 21.19 million a year ago. Basic loss per share from continuing operations was USD 1.43 compared to USD 0.66 a year ago.
Sunworks, Inc. provides photovoltaic (PV) and battery-based power and storage systems for residential and commercial markets. The Company's commercial projects include commercial, agricultural, industrial, and public works projects. It operates through three segments: Residential Solar, Commercial Solar Energy, and Corporate. Residential Solar segment designs, arrange finances, integrates, installs, and manages systems, primarily for residential homeowners. The Commercial Solar Energy segment designs, arrange finances, integrates, installs, and manages systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems primarily for larger commercial and public works projects. Its commercial installations include installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its public works installations include school districts, federal facilities and local municipalities.
SUNWORKS, INC. 
