Sunworks Inc
NASDAQ:SUNW
Income Statement
Earnings Waterfall
Sunworks Inc
Revenue
|
154.9m
USD
|
Cost of Revenue
|
-101.3m
USD
|
Gross Profit
|
53.6m
USD
|
Operating Expenses
|
-92.1m
USD
|
Operating Income
|
-38.5m
USD
|
Other Expenses
|
-24m
USD
|
Net Income
|
-62.5m
USD
|
Income Statement
Sunworks Inc
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
0
N/A
|
0
N/A
|
1
N/A
|
9
+711%
|
15
+76%
|
20
+35%
|
25
+23%
|
28
+14%
|
42
+47%
|
54
+29%
|
67
+26%
|
87
+30%
|
85
-2%
|
86
+1%
|
81
-6%
|
75
-7%
|
77
+2%
|
77
+1%
|
77
-1%
|
72
-7%
|
71
-1%
|
71
0%
|
67
-6%
|
65
-2%
|
65
-1%
|
60
-8%
|
63
+5%
|
54
-14%
|
44
-19%
|
38
-13%
|
32
-16%
|
54
+71%
|
78
+44%
|
101
+30%
|
126
+25%
|
130
+3%
|
140
+7%
|
162
+16%
|
169
+4%
|
167
-1%
|
155
-7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
(1)
|
(6)
|
(11)
|
(15)
|
(18)
|
(20)
|
(29)
|
(37)
|
(47)
|
(61)
|
(60)
|
(64)
|
(63)
|
(59)
|
(62)
|
(64)
|
(63)
|
(62)
|
(61)
|
(59)
|
(58)
|
(56)
|
(55)
|
(53)
|
(54)
|
(46)
|
(37)
|
(30)
|
(25)
|
(36)
|
(49)
|
(60)
|
(71)
|
(73)
|
(76)
|
(91)
|
(98)
|
(102)
|
(101)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
2
+725%
|
4
+75%
|
6
+38%
|
7
+30%
|
9
+20%
|
12
+41%
|
17
+38%
|
21
+22%
|
26
+27%
|
26
-3%
|
22
-14%
|
19
-15%
|
16
-13%
|
15
-10%
|
14
-8%
|
13
-3%
|
9
-29%
|
10
+3%
|
12
+26%
|
9
-25%
|
10
+8%
|
10
-4%
|
7
-30%
|
9
+36%
|
8
-13%
|
7
-17%
|
8
+22%
|
6
-22%
|
18
+184%
|
29
+64%
|
41
+39%
|
55
+34%
|
58
+5%
|
64
+11%
|
71
+11%
|
70
-1%
|
65
-8%
|
54
-17%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(7)
|
(9)
|
(11)
|
(15)
|
(17)
|
(22)
|
(29)
|
(30)
|
(30)
|
(27)
|
(22)
|
(20)
|
(19)
|
(18)
|
(17)
|
(16)
|
(17)
|
(16)
|
(16)
|
(15)
|
(16)
|
(16)
|
(16)
|
(19)
|
(20)
|
(35)
|
(50)
|
(65)
|
(87)
|
(93)
|
(99)
|
(100)
|
(100)
|
(99)
|
(92)
|
|
Selling, General & Administrative |
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(7)
|
(9)
|
(11)
|
(15)
|
(17)
|
(22)
|
(29)
|
(30)
|
(29)
|
(27)
|
(21)
|
(20)
|
(18)
|
(17)
|
(16)
|
(15)
|
(15)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(19)
|
(20)
|
(34)
|
(48)
|
(61)
|
(77)
|
(83)
|
(88)
|
(96)
|
(97)
|
(96)
|
(90)
|
|
Research & Development |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
(5)
|
0
|
0
|
0
|
0
|
|
Operating Income |
(1)
N/A
|
(1)
+13%
|
(2)
-52%
|
(1)
+64%
|
(0)
+42%
|
0
N/A
|
0
-37%
|
(0)
N/A
|
1
N/A
|
2
+95%
|
3
+45%
|
4
+26%
|
(3)
N/A
|
(8)
-162%
|
(11)
-37%
|
(11)
+3%
|
(7)
+38%
|
(6)
+5%
|
(5)
+14%
|
(8)
-55%
|
(7)
+18%
|
(3)
+52%
|
(8)
-136%
|
(6)
+23%
|
(7)
-13%
|
(8)
-22%
|
(7)
+21%
|
(8)
-22%
|
(10)
-22%
|
(11)
-15%
|
(14)
-21%
|
(17)
-25%
|
(21)
-22%
|
(24)
-14%
|
(33)
-38%
|
(36)
-9%
|
(34)
+3%
|
(28)
+18%
|
(30)
-7%
|
(34)
-12%
|
(39)
-14%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(3)
|
(6)
|
(6)
|
(19)
|
(25)
|
(22)
|
(22)
|
(8)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
(26)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
3
|
0
|
0
|
0
|
5
|
4
|
4
|
|
Pre-Tax Income |
(3)
N/A
|
(4)
-22%
|
(8)
-104%
|
(7)
+11%
|
(19)
-177%
|
(25)
-30%
|
(22)
+11%
|
(23)
-2%
|
(7)
+67%
|
1
N/A
|
2
+89%
|
3
+41%
|
(5)
N/A
|
(9)
-107%
|
(12)
-27%
|
(12)
+3%
|
(7)
+36%
|
(7)
+3%
|
(6)
+16%
|
(9)
-47%
|
(7)
+18%
|
(6)
+22%
|
(9)
-50%
|
(7)
+20%
|
(8)
-12%
|
(9)
-20%
|
(11)
-24%
|
(13)
-12%
|
(14)
-13%
|
(16)
-10%
|
(14)
+12%
|
(14)
-3%
|
(18)
-25%
|
(27)
-48%
|
(30)
-13%
|
(36)
-19%
|
(35)
+3%
|
(28)
+19%
|
(26)
+6%
|
(31)
-19%
|
(62)
-99%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
(3)
|
(4)
|
(8)
|
(7)
|
(19)
|
(25)
|
(22)
|
(23)
|
(7)
|
1
|
2
|
3
|
(5)
|
(9)
|
(12)
|
(12)
|
(7)
|
(7)
|
(6)
|
(9)
|
(7)
|
(6)
|
(9)
|
(7)
|
(8)
|
(9)
|
(11)
|
(13)
|
(14)
|
(16)
|
(14)
|
(14)
|
(18)
|
(27)
|
(30)
|
(36)
|
(35)
|
(28)
|
(26)
|
(31)
|
(63)
|
|
Net Income (Common) |
(3)
N/A
|
(4)
-22%
|
(8)
-104%
|
(7)
+11%
|
(19)
-177%
|
(25)
-30%
|
(22)
+11%
|
(23)
-2%
|
(7)
+67%
|
1
N/A
|
2
+89%
|
3
+41%
|
(5)
N/A
|
(9)
-107%
|
(12)
-27%
|
(12)
+3%
|
(7)
+36%
|
(7)
+3%
|
(6)
+16%
|
(9)
-47%
|
(7)
+18%
|
(6)
+22%
|
(9)
-50%
|
(7)
+20%
|
(8)
-12%
|
(9)
-20%
|
(11)
-24%
|
(13)
-12%
|
(14)
-13%
|
(16)
-11%
|
(14)
+12%
|
(14)
-3%
|
(18)
-25%
|
(27)
-47%
|
(30)
-13%
|
(36)
-19%
|
(35)
+3%
|
(28)
+19%
|
(26)
+6%
|
(31)
-19%
|
(63)
-98%
|
|
EPS (Diluted) |
-3.21
N/A
|
-4.22
-31%
|
-5.03
-19%
|
-3.91
+22%
|
-11.09
-184%
|
-14.64
-32%
|
-9.18
+37%
|
-8.92
+3%
|
-2.3
+74%
|
0.31
N/A
|
0.77
+148%
|
0.84
+9%
|
-1.52
N/A
|
-3.25
-114%
|
-3.92
-21%
|
-3.14
+20%
|
-2.32
+26%
|
-2.25
+3%
|
-1.82
+19%
|
-2.51
-38%
|
-1.99
+21%
|
-1.58
+21%
|
-2.25
-42%
|
-1.78
+21%
|
-1.69
+5%
|
-2.09
-24%
|
-1.02
+51%
|
-0.76
+25%
|
-0.86
-13%
|
-1.03
-20%
|
-0.55
+47%
|
-0.5
+9%
|
-0.66
-32%
|
-0.99
-50%
|
-1.01
-2%
|
-1.08
-7%
|
-1.03
+5%
|
-0.86
+17%
|
-0.74
+14%
|
-0.83
-12%
|
-1.43
-72%
|