morning joining you good for our Thank call. Thank you, Jeff. And everyone.
of one with Sunworks. and of history, revenue long-term a us mixed our providing prospects. future of XX backlog to optimism has which We Third near in million booked driven highest the in for our was level quarter new sales record results our
the quarter. the revenue large in long-term being timing impacted and and over-runs third third to were several quarter cost remain profitability of several the unexpected the were the for in current began of the positive that and optimistic by fourth expected to were financial And negatively this projects our We projects outlook our flipped predictability in our period commercial about XXXX on However, but responsibility to future results. industry that year. our understand of improve quarter, the completed
to quarter the out quarter. revenue and fourth Compared result strengthen One anticipated, undeterred taking is and as little was in longer primary I’m prior our been process million expected we The since to going merely $X projects to in financial the I’m $XX.X slipped improve diligent recognition be will joining this approximately and confidence maximize controls X%. April we increased a underway that my our the of but We’ll for in than processes enhance over just our forward. predictability timing ensure Sunworks of a third cost our issue. my revenue are lower to several we’d this of of our goals and reflect in has of quarter, and million results. year’s performance projects managing estimates organization. our disappointed The right the end than get that
The the large will in cost of issue reflect the five for our from and X.X excited A quarter. of to our commercial the and the the I important other project these overruns, little In the Works in a related is very of complete XXXX that developments before million the projects future. overruns Despite on unexpected due expenses revenue programs, large incurred $XX approximately in during quarter. of number in mentioned were particular part to record million the timing completed cost labor to sales and projects revenue to external discuss quarter unrelated, I’m positive in half date an project projects. in quarter than two customers megawatt $X largest enhance including large addition and our experienced a came we to overruns progress. a more total us notice and project Public new continuing result also in project. with give This credibility an our experience that five
sales muti-million residential augment announced important to in our drive We revenue wins up strong Works and also additional business successful that two established and a October new to already momentum for build businesses. ACI XXXX. dollar believe in give and it’s We QX will Public
to diversified striving The mean we become reflects segments success of we diversity diversity. Works of speak more Public geography. When We’re in segment business. our and
and terms Nevada. recorded to and million we more our success the of Southern $X in are continue and northern building geographic California million diversity sales excess in quarter we $X new In also experiencing thrive central areas. California other than in of third in in pipeline In
our full and people assigned Florida recently are and year. intent we that land with addition, currently these Texas of letters we the time before in this pipeline first of our could building In optimism in regions end
results the we’re front few minutes. on do going in I detail want two items making with the revenue progress increasing highlight and forward. Paul discuss sales particular. deliver will will the But in in pleased how We’re that to financial a
reduce $X a evaluate In and excluding marketing, million our expenses ways identify $XXX,XXX quarter of while and general quarter to below quarter, the This below is the costs $X.X reported comparable of operating and third expenses XXXX. of the First, to selling, comp stock full and million $X administrative effectiveness systematically and second maximizing we million. continue efficiency. level we
the panels by declined cash we supply of balance in case. need to first half International our disruption $X.X year of normally. balance to the from cash we our the chain the the due would increased Commission the in quarter. million when to of Second, primarily advance In the resulting Due Trade purchase
originally claiming industry the by others the that caused injury we’ve solar requested in have The certain case, ITC the U.S. to imported watt products. PV on been the modules recommendation per ruling equipment a Speaking cells and World, the like closely tariff and now. of petition time official producers petition $X.XX of solar filed Sun ITC imported of monitoring the ITC to issued ITC In modules. on $X.XX has that domestic September, the expected injury caused and manufacturers. from the cells per any The found remedy a of is and to watt commissioners four Suniva
recommendation is individual proposal case proposed requested as severe as imported commissioners commissioner’s be less agreeing recommendations. on the place each were XX% the Trump. afternoon. tariff actually in news give X% Two to four President year on that the years. the process could by it than soon fact, commissioners in were plaintiffs. remedies final good ITC modules, now public. different the declining a Several recommendations aligned And of ago to are made The the on over weeks In the three there this The to the of are rates tariff per
would X.X gigawatt the decrease commissioners the a four-year imports of points to one five cell imported by quota agreed us cells gigawatts. would would that subsequent tariff a XX% and on for allow solar gigawatt to be over percentage by year, in-quota amount rate For increase two Each Any would tariff-rate one subject tariff. the tariff-free imports.
will slightly point In commissioners And commissioner care years, one tariff quota any for a per and not only slightly made a public final the been but fourth XX% sales quota be system remedy four the proposed of higher four proposed on declining One the higher now. year beginning on with at proposed modules. amount. percentage no a and has only short day
a For impact tariff mild some the only on would proposed have business. our work even expected to higher be
project be a an for months. customer extended each by and only the different few has payback is average would Although ACI three an about payback that years a dynamic customer, for
or payback end the Trump, the the of no but quote tariff to It’s the years the action, tariff action by to On average can be all. on and less The based ITC. have disruptive, than as then a on result including who ITC somewhat negative at should punitive or but now, predict not would accept has be a of recommendation take, year. that goes will completely however, residential president directly President envisioned optimistic more extended an different material the that Sunworks. direction It side recommendation impact uncertainty been must we’re noted, the a six institute difficult
Now Paul Paul? the financial will results. discuss
