Sunworks (NASDAQ:SUNW) Posts Quarterly Earnings Results

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

Shares of Sunworks stock traded up $0.02 during trading on Friday, hitting $0.63. 6,074,888 shares of the stock traded hands, compared to its average volume of 398,281. The company has a market capitalization of $16.80 million, a PE ratio of -4.50 and a beta of 2.83. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 0.19. Sunworks has a twelve month low of $0.25 and a twelve month high of $1.97. The business’s fifty day moving average is $0.58.

Several brokerages have recently issued reports on SUNW. ValuEngine upgraded Sunworks from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded Sunworks from a “strong sell” rating to a “hold” rating in a report on Thursday, July 18th.

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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