- 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.
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Sunworks reports Q3 revenue growth of 30% Y/Y