sunworks, inc. (nasdaq: sunw) is a premier provider of high performance solar power systems. we are committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety. sunworks continues to grow its presence, expanding nationally with regional and local offices. we strive to consistently deliver high quality, performance oriented solutions for customers in a wide range of industries including agricultural, commercial and industrial, federal, public works, and residential. our dedication to excellence is reflected in our 25-year warranty, a benchmark that we stand by to support our customers above and beyond their expectations. sunworks’ diverse, seasoned workforce includes distinguished veterans who bring a sense of pride, discipline and professionalism to their interaction with customers. all of our employees uphold our company’s guiding principles each day. sunworks is a member of the solar energy industries association (seia) and is a p
Company profile
Ticker
SUNWQ
Exchange
Website
CEO
Charles Cargile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MACHINE TALKER INC, MACHINETALKER INC, SOLAR3D, INC.
SEC CIK
Corporate docs
Subsidiaries
Sunworks United, Inc. • MD Energy, Inc. • Plan B Enterprises, Inc. ...
IRS number
10592299
SUNWQ stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
9 Apr 24
8-K
Bankruptcy or Receivership
14 Feb 24
8-K
Bankruptcy or Receivership
6 Feb 24
8-K
Departure of Directors or Certain Officers
8 Jan 24
8-K
Departure of Directors or Certain Officers
12 Dec 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Sunworks Announces Third Quarter 2023 Results
13 Nov 23
8-K
Sunworks Announces Ceo Transition
18 Oct 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
3 Oct 23
8-K
Submission of Matters to a Vote of Security Holders
26 Sep 23
Transcripts
SUNWQ
Earnings call transcript
2023 Q3
10 Nov 23
SUNWQ
Earnings call transcript
2023 Q2
14 Aug 23
SUNWQ
Earnings call transcript
2023 Q1
25 May 23
SUNWQ
Earnings call transcript
2022 Q4
10 Mar 23
SUNWQ
Earnings call transcript
2022 Q3
8 Nov 22
SUNWQ
Earnings call transcript
2022 Q2
9 Aug 22
SUNWQ
Earnings call transcript
2022 Q1
16 May 22
SUNWQ
Earnings call transcript
2021 Q4
11 Mar 22
SUNWQ
Earnings call transcript
2021 Q3
13 Nov 21
SUNWQ
Earnings call transcript
2021 Q3
11 Nov 21
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
4
Mark Trout
18 Jan 24
4
Jason Lee Bonfigt
8 Jan 24
4
Jason Lee Bonfigt
21 Dec 23
4
Mark Trout
19 Dec 23
4
Patrick Clement Jr. McCullough
8 Dec 23
4
Rhone A. Resch
7 Dec 23
4
STANLEY E SPEER
7 Dec 23
4
Christopher Gardner Monahan
7 Dec 23
4
Jason Lee Bonfigt
7 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.45 mm | 2.45 mm | 2.45 mm | 2.45 mm | 2.45 mm | 2.45 mm |
Cash burn (monthly) | 811.00 k | 1.01 mm | 12.13 mm | 5.51 mm | 2.93 mm | 2.17 mm |
Cash used (since last report) | 5.41 mm | 6.71 mm | 80.92 mm | 36.71 mm | 19.56 mm | 14.47 mm |
Cash remaining | -2.96 mm | -4.26 mm | -78.48 mm | -34.26 mm | -17.11 mm | -12.03 mm |
Runway (months of cash) | -3.7 | -4.2 | -6.5 | -6.2 | -5.8 | -5.5 |
Institutional ownership, Q2 2023
6.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 37 |
Opened positions | 8 |
Closed positions | 8 |
Increased positions | 8 |
Reduced positions | 11 |
13F shares | Current |
---|---|
Total value | 4.23 bn |
Total shares | 3.87 mm |
Total puts | 4.30 k |
Total calls | 64.30 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 1.79 mm | $2.02 bn |
BLK Blackrock | 435.84 k | $492.50 mm |
Geode Capital Management | 319.15 k | $360.64 mm |
Bridgeway Capital Management | 302.07 k | $341.34 mm |
XTX Topco | 283.65 k | $320.53 mm |
STT State Street | 113.15 k | $127.86 mm |
T. Rowe Price | 73.40 k | $83.00 k |
Jane Street | 65.19 k | $73.66 mm |
NTRS Northern Trust | 59.76 k | $67.53 mm |
Citadel Advisors | 57.58 k | $65.06 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Jan 24 | Mark Trout | Common Stock | Payment of exercise | Dispose F | No | No | 0.21 | 11,090 | 2.33 k | 1,636,351 |
5 Jan 24 | Bonfigt Jason Lee | Common Stock | Payment of exercise | Dispose F | No | No | 0.198 | 254 | 50.29 | 561,258 |
20 Dec 23 | Bonfigt Jason Lee | Common Stock | Payment of exercise | Dispose F | No | No | 0.2521 | 1,141 | 287.65 | 561,512 |
18 Dec 23 | Mark Trout | Common Stock | Payment of exercise | Dispose F | No | No | 0.299 | 10,799 | 3.23 k | 1,647,441 |
5 Dec 23 | Bonfigt Jason Lee | Common Stock | Payment of exercise | Dispose F | No | No | 0.28 | 663 | 185.64 | 200,335 |
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