SUNWORKS, INC.

Sunworks to Announce Third Quarter 2019 Results and Hold Conference Call on October 31st  

Retrieved on: 
Thursday, October 17, 2019
Solar Energy Industries Association, Solar energy in the United States, Conference call

Management will host a conference call to discuss these results on the same day at 11 a.m.

Key Points: 
  • Management will host a conference call to discuss these results on the same day at 11 a.m.
  • The conference call will also be broadcast live over the Internet, which can be accessed via the Investor Relations section of Sunworks' web site at http://ir.sunworksusa.com.
  • Sunworks diverse, seasoned workforce includes distinguished veterans who bring a sense of pride, discipline, and professionalism to their interaction with customers.
  • Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.

Sunworks Appoints Judith Hall to Board of Directors

Retrieved on: 
Tuesday, October 1, 2019
Babcock & Brown

Her ability to combine legal, business, and technical experience has allowed her to strategically drive notable results throughout her career.

Key Points: 
  • Her ability to combine legal, business, and technical experience has allowed her to strategically drive notable results throughout her career.
  • I am eager to leverage Judiths experience and am confident she will add value to our organization as we continue the transformation of Sunworks.
  • With this appointment, the Sunworks board is now comprised of a total of six members, five of whom are classified as independent.
  • Prior to this, Judith served as Associate General Counsel of Babcock & Brown, a global infrastructure and advisory firm.

Sunworks Announces Reverse Stock Split

Retrieved on: 
Thursday, August 29, 2019
Stock market, Finance, Money, Financial economics, Corporate finance, Equity securities, Reverse stock split, Stock, Common stock

The reverse stock split uniformly affects all issued and outstanding shares of the companys common stock and will not alter any stockholder's percentage ownership interest in the company, except to the extent that the reverse stock split results in fractional interests.

Key Points: 
  • The reverse stock split uniformly affects all issued and outstanding shares of the companys common stock and will not alter any stockholder's percentage ownership interest in the company, except to the extent that the reverse stock split results in fractional interests.
  • The reverse stock split proportionately affects the number of shares of common stock available for issuance under the companys equity incentive plans.
  • The number of authorized shares of common stock (200,000,000) will not be changed by the reverse stock split.
  • The companys transfer agent, Continental Stock Transfer & Trust, is acting as the exchange agent for the reverse stock split.

Sunworks Reports Second Quarter 2019 Results

Retrieved on: 
Friday, August 2, 2019

Revenue for the second quarter of 2019 more than doubled compared to the first quarter of 2019, increasing from $9.3 million to $18.7 million.

Key Points: 
  • Revenue for the second quarter of 2019 more than doubled compared to the first quarter of 2019, increasing from $9.3 million to $18.7 million.
  • Gross margin was 19.5% for the second quarter of 2019, marking the highest level since the second quarter of 2017.
  • Chuck Cargile, Sunworks Chief Executive Officer said, Our second quarter 2019 results reflect a solid rebound from the seasonally weak financial results in the first quarter of 2019.
  • Gross margin for the second quarter of 2019 was 19.5% compared to 14.5% for the second quarter of 2018.