Sunworks (NASDAQ:SUNW) Announces Earnings Results

Sunworks (NASDAQ:SUNW) issued its quarterly earnings data on Friday. The semiconductor company reported $0.00 earnings per share for the quarter, Zacks Earnings Dates reports. Sunworks had a negative return on equity of 61.84% and a negative net margin of 12.80%. The firm had revenue of $18.66 million during the quarter, compared to analyst estimates of $19.00 million. Sunworks updated its Q3 2019 guidance to EPS.

NASDAQ:SUNW traded up $0.02 during trading hours on Friday, reaching $0.63. 6,074,888 shares of the stock were exchanged, compared to its average volume of 398,281. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $0.58. Sunworks has a 52 week low of $0.25 and a 52 week high of $1.97. The firm has a market cap of $16.80 million, a PE ratio of -4.50 and a beta of 2.83.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Sunworks from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 18th. ValuEngine upgraded Sunworks from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd.

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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