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Sunworks, Inc.

SUNWQ Technology Solar

Sunworks, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $161.9 million. Revenue growth for five consecutive years.

0.00 0.00 NaN
Market cap
$3.4M
P/E
0.0×
Fwd P/E
−0.1×
Dividend yield
—
F-score
4/9
Altman Z
−0.31
Beneish M
−1.47
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 3.41
Revenue 154.86
Net Income (62.50)
Free Cash Flow (22.93)
Net Debt 0.49
Current Ratio 1.24
Debt/Equity 0.14 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (0.14) (negative: loss-making)
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth (87.21%) (below 0%: weak)
Next Y EPS Growth 45.34% (at or above 15%: strong)
Next Y revenue growth (19.17%) (below 0%: weak)
Next 5Y EPS Growth 10.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.0×, against a ten-year median of 0.2×; over the ten years it ranged from 0.0× in 2024 to 9.2× in 2021.
EV/Sales against its own 10 years 21.00%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2020 2021 2022 Q'23
Cash 39 20 8 2
Receivables 3 5 14 10
Inventory 1 10 26 16
Other 3 19 27 20
46 53 75 49
2020 2021 2022 Q'23
Payables 7 11 25 19
ST’ Debt 1 — — —
Other 6 12 25 19
15 25 51 40

Compound Annual Growth %

10y 5y 3y
Sales — 15.90% 39.36%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 32.49% 96.37%

Revenue $m

Mar Jun Sep Dec Year
’26 38 35 29 — —
’22 31 36 41 54 162
’21 6 32 31 32 101
’20 12 10 7 9 38
’19 9 19 18 14 60
’18 13 20 18 19 71
’17 14 25 19 19 77
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (7) (4) (9) — —
’22 (8) (9) (5) (6) (28)
’21 (5) (4) (15) (4) (29)
’20 (4) 0 (3) 3 (4)
’19 (2) 1 (3) (2) (6)
’18 (5) 0 (1) 0 (6)
’17 (7) 0 3 0 (4)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (4) (8) — —
’22 (8) (9) (5) (6) (29)
’21 (5) (55) (16) (4) (81)
’20 (4) 0 (3) 3 (4)
’19 (2) 1 (3) (2) (6)
’18 (5) 0 (1) 0 (6)
’17 (7) 0 3 0 (4)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.18) (0.34) (0.84) — —
’22 (0.28) (0.23) (0.16) (0.20) (0.86)
’21 (0.19) (0.07) (0.24) (0.47) (0.99)
’20 (0.60) (0.09) (0.17) (0.28) (1.03)
’19 (1.19) (0.02) (0.26) (0.59) (2.07)
’18 (0.49) (0.49) (0.10) (0.49) (1.61)
’17 (0.98) 0.28 (0.63) (1.05) (2.24)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Trend 2023e 2024e 2025e
Price, $
Price, $ Low — — — 12.88 6.31 1.72 1.10 0.29 3.00 1.23

Analyst estimates 2023–2025

Powerpack
High — — — 26.53 15.96 9.24 13.79 8.50 29.37 5.11
People
People Employees — — — 250 209 208 178 178 511 625
Revenue/emp, $m — — — 0.35 0.37 0.34 0.34 0.21 0.20 0.26
Income, $m
Income, $m Revenue — — — 86 77 71 60 38 101 162
Gross margin, % — — — 25.58 17.64 17.28 11.14 21.13 40.32 44.04
EBT — — — (9) (7) (6) (9) (16) (27) (28)
EBT margin, % — — — (10.85) (9.32) (8.09) (15.35) (42.04) (26.32) (17.36)
Net income — — — (9) (7) (6) (9) (16) (27) (28)
Depreciation — — — 1 1 2 1 5 12 6
Per share, $
Per share, $ Revenue — — — 29.90 24.39 19.91 13.45 2.43 3.75 4.93
Earnings — — — (3.22) (2.24) (1.61) (2.07) (1.03) (0.99) (0.86)
Cash flow — — — 0.63 (1.15) (1.61) (1.45) (0.28) (1.08) (0.86)
Capex — — — (0.23) 0.02 0.00 0.00 0.00 (1.90) (0.01)
Free cash flow — — — 0.40 (1.13) (1.61) (1.45) (0.28) (2.99) (0.87)
Book value — — — 7.33 4.93 2.80 1.90 2.18 2.70 1.95
Shares, m — — — 3 3 4 4 16 27 33
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S — — — 0.46 0.32 0.09 0.09 2.11 0.82 0.32
P/B — — — 1.89 1.58 0.65 0.66 2.35 1.14 0.80
EV/Sales — — — 0.36 0.26 0.10 0.10 1.14 0.64 0.28
EV/FCF — — — 26.97 (5.50) (1.28) (0.91) (9.94) (0.80) (1.61)
Cash, $m
Cash, $m Operating cash flow — — — 2 (4) (6) (6) (4) (29) (28)
Capex — — — (1) 0 0 0 0 (51) 0
Free cash flow — — — 1 (4) (6) (6) (4) (81) (29)
Balance, $m
Balance, $m Working capital — — — 9 4 4 1 31 29 24
Total debt — — — 2 2 5 4 3 1 1
Net debt — — — (9) (5) 1 0 (36) (19) (7)
Shareholders’ equity — — — 21 16 10 8 34 73 64
Returns, %
Returns, % ROA — — — (24.51) (17.44) (15.65) (33.70) (38.48) (34.77) (25.56)
ROIC — — — (40.35) (36.58) (29.81) (59.71) 0.00 (34.29) (30.74)
ROE — — — (41.94) (39.19) (44.75) (115.15) (75.29) (49.85) (41.27)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2022 · latest quarter Sep 2023

Charts ten years each

Sunworks, Inc. vs peers in Solar (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SPIEQ SPI Energy Co., Ltd. $24.2M — (loss-making) — (loss-making) +30.66% (above 0%: growing) n/m +270.79% (above 0%: growing) 13.35% 1.72% Compare
BEEM Beam Global $21.7M — (loss-making) — (loss-making) +21.02% (above 0%: growing) n/m −141.34% (below 0%: shrinking) 17.83% (34.99%) Compare
ASTI Ascent Solar Technologies Inc. $18.6M — (loss-making) — (loss-making) +460.00% (above 0%: growing) n/m +1.36% (above 0%: growing) (68.91%) (2,043.59%) Compare
ZEO Zeo Energy Corp. $18.2M — (loss-making) — −10.68% (below 0%: shrinking) n/m +75.65% (above 0%: growing) 47.15% (18.49%) Compare
SUNE SUNation Energy Inc. $14.1M — (loss-making) — (loss-making) −37.52% (below 0%: shrinking) n/m −692.81% (below 0%: shrinking) 26.09% (39.00%) Compare
MAXNQ Maxeon Solar Technologies, Ltd. $12.9M — (loss-making) — (loss-making) −78.66% (below 0%: shrinking) n/m −4.20% (below 0%: shrinking) (97.63%) (228.07%) Compare
ISUNQ iSun, Inc. $5.2M — (loss-making) — (loss-making) −1.73% (below 0%: shrinking) n/m −459.86% (below 0%: shrinking) 11.81% (25.62%) Compare
VSTTF Vast Renewables Limited $4.2M — (loss-making) 19.4× — −45.99% (below 0%: shrinking) −349.73% (below 0%: shrinking) — 0.00% Compare
SUNWQ Sunworks, Inc. $3.4M — (loss-making) — (loss-making) −29.52% (below 0%: shrinking) n/m −59.31% (below 0%: shrinking) 28.48% (126.04%)
Median of peers $16.1M — — −1.73% — −72.77% 13.35% (30.30%)

All 26 Solar stocks →

Sunworks, Inc. (SUNWQ) key facts

  • Sunworks, Inc. (SUNWQ) is a Solar company in the Technology sector.
  • Sunworks, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $161.9 million.
  • Return on equity was −41.3% and debt-to-equity 0.14.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −0.31 (distress zone) for fiscal 2022.

Source: company filings (standardised) and stockrow calculations.

Sunworks, Inc. (SUNWQ) Latest News

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stockrow.com/SUNWQ · Data as of Sep 30, 2023 · For information only; not investment advice. · © 2026 stockrow.com