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SUNW - Sunworks reports Q3 revenue growth of 30% Y/Y
November, 08 2022 08:04 AM
Sunworks Inc.
Sunworks press release ( NASDAQ: SUNW ): Q3 net loss of $5.4M. Revenue of $40.71M (+30.4% Y/Y) beats by $3.31M . Residential Solar segment revenue of $36.7M, a 57% increase Y/Y. Commercial Solar Energy Solar segment revenue of $4.1M, a 48% decrease Y/Y. Total Residential Solar segment originations increased 48% Y/Y. Total Commercial Solar Energy segment orders of $8.2M. Total backlog increased 116% to $110M, including $15M sequential growth driven by improved residential and commercial demand. For further details see:
Sunworks reports Q3 revenue growth of 30% Y/Y
Stock Information
Company Name:
Sunworks Inc.
Stock Symbol:
SUNW
Market:
NASDAQ
Website:
sunworksusa.com
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