SUNW - Sunworks EPS misses by $0.06 misses on revenue

Sunworks (NASDAQ:SUNW): Q3 GAAP EPS of -$0.24 misses by $0.06. Revenue of $31.22M (+327.7% Y/Y) misses by $1.78M. Shares -2.14%. Press Release Gross margin for the third quarter of 2021 was 46.2% compared to 22.4% for the third quarter of last year. Adjusted EBITDA was a loss of $3.3 million for the third quarter compared to an adjusted EBITDA loss of $2.6 million for the third quarter of last year. Total backlog of projects as of September 30, 2021 was $51 million, compared to $64 million as of June 30, 2021.

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Sunworks EPS misses by $0.06, misses on revenue