Company research
Sunworks, Inc.
CIK 1172631Updated Sep 27, 2026
Securities
Historical securities (1)
SUNW · NASDAQ · equity · closed Feb 14, 2024Name history
SOLAR3D, INC. · through Feb 26, 2016MACHINETALKER INC · through Oct 6, 2010MACHINE TALKER INC · through Jul 5, 2005
SUNW price & chart
Historical security
This listing closed Feb 14, 2024. Live provider charts are shown only for current listings.
In the news
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Recent filings
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Financials
FY 2022 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 119,940,000Source | 100,813,000Source | 52,345,000Source | 30,803,000Source |
| Property, Plant and Equipment, NetUSD | 2,154,000Source | 3,195,000Source | 198,000Source | 511,000Source |
| GoodwillUSD | 32,186,000Source | 32,186,000Source | 5,464,000Source | 9,464,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 5,290,000Source | 7,910,000Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 7,807,000Source | 19,719,000Source | 38,991,000Source | 3,154,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 13,873,000Source | 4,568,000Source | 2,890,000Source | 7,606,000Source |
| Inventory, NetUSD | 26,401,000Source | 10,219,000Source | 1,179,000Source | 2,970,000Source |
| Assets, CurrentUSD | 74,852,000Source | 53,481,000Source | 45,942,000Source | 19,254,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,779,000Source | 2,502,000Source | 694,000Source | 1,505,000Source |
| Other Assets, NoncurrentUSD | — | — | — | 9,533,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 56,003,000Source | 28,047,000Source | 18,288,000Source | 22,360,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 35,000Source | 29,000Source | 24,000Source | 7,000Source |
| Additional Paid in CapitalUSD | 207,373,000Source | 187,997,000Source | 122,668,000Source | 81,132,000Source |
| Retained Earnings (Accumulated Deficit)USD | -143,471,000Source | -115,260,000Source | -88,635,000Source | -72,696,000Source |
| Stockholders' Equity Attributable to ParentUSD | 63,937,000Source | 72,766,000Source | 34,057,000Source | 8,443,000Source |
| Liabilities and EquityUSD | 119,940,000Source | 100,813,000Source | 52,345,000Source | 30,803,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 51,256,000Source | 24,745,000Source | 15,052,000Source | 17,794,000Source |
| Operating Lease, Liability, CurrentUSD | 1,098,000Source | 993,000Source | 649,000Source | 864,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,681,000Source | 1,509,000Source | 45,000Source | 641,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 935,000Source | 454,000Source | — | — |
| Accrued Liabilities, CurrentUSD | 3,849,000Source | 4,066,000Source | 2,778,000Source | 1,917,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | 787,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 2,060,000Source | — |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 4,823,000Source | 5,877,000Source | 337,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,396,000Source | 3,734,000Source | 147,000Source | 434,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 9,778,000Source | 403,000Source | -4,006,000Source | -484,000Source |
| Increase (Decrease) in InventoriesUSD | 16,258,000Source | 5,207,000Source | -1,791,000Source | -263,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -28,190,000Source | -29,210,000Source | -4,337,000Source | -6,456,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 50,619,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -313,000Source | -51,325,000Source | -26,000Source | 11,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 629,000Source | 805,000Source | 27,000Source | 23,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 16,516,000Source | 61,238,000Source | 40,163,000Source | 5,909,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -11,987,000Source | -19,297,000Source | 35,800,000Source | -536,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 89,000Source | 57,000Source | 840,000Source | 477,000Source |
| Income Taxes Paid, NetUSD | — | — | 243,000Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 674,000Source | 2,027,000Source | — | — |
| Amortization of Debt Issuance CostsUSD | — | — | 266,000Source | 159,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | 266,000Source | 159,000Source |
| Amortization of Intangible AssetsUSD | 3,753,000Source | 5,140,000Source | — | — |
| DepreciationUSD | 4,823,000Source | — | 337,000Source | 353,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 248,000Source | 86,000Source | -2,000Source | 23,000Source |
| General and Administrative ExpenseUSD | 34,122,000Source | 26,036,000Source | 13,116,000Source | 11,213,000Source |
| GoodwillUSD | 32,186,000Source | 32,186,000Source | 5,464,000Source | 9,464,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | 5,464,000Source | — | — |
| Goodwill, Impairment LossUSD | — | 5,464,000Source | 4,000,000Source | — |
| Income Tax Expense (Benefit)USD | 94,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -28,211,000Source | -26,625,000Source | -15,939,000Source | -9,186,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -26,625,000Source | -15,999,000Source | — |
| Nonoperating Income (Expense)USD | 92,000Source | 2,599,000Source | -704,000Source | -857,000Source |
| Operating ExpensesUSD | 99,523,000Source | 73,871,000Source | 20,503,000Source | 14,992,000Source |
| Operating Lease, ExpenseUSD | 1,597,000Source | 1,452,000Source | 1,016,000Source | 1,342,000Source |
| Other Nonoperating Income (Expense)USD | 16,000Source | 2,894,000Source | 10,000Source | 6,000Source |
| Proceeds from Issuance of Common StockUSD | 17,104,000Source | 61,600,000Source | 41,406,000Source | 6,694,000Source |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 161,935,000Source | 101,154,000Source | 37,913,000Source | 59,830,000Source |
| Cost of RevenueUSD | 90,621,000Source | 56,507,000Source | 32,645,000Source | 53,167,000Source |
| Operating Income (Loss)USD | -28,209,000Source | -29,224,000Source | -15,235,000Source | -8,329,000Source |
| Other Nonoperating Income (Expense)USD | 16,000Source | 2,894,000Source | 10,000Source | 6,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -28,117,000Source | -26,625,000Source | — | — |
| Income Tax Expense (Benefit)USD | 94,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -28,211,000Source | -26,625,000Source | -15,939,000Source | -9,186,000Source |
| Earnings Per Share, BasicUSD per share | -0.86Source | — | — | -2.07Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | -2.07Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 32,830,421Source | — | — | 4,447,648Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | 4,447,648Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,753,000Source | 5,140,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | 94,000Source | 75,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 3,799,000Source | 5,877,000Source | 337,000Source | 353,000Source |
| General and Administrative ExpenseUSD | 34,122,000Source | 26,036,000Source | 13,116,000Source | 11,213,000Source |
| Goodwill, Impairment LossUSD | — | 5,464,000Source | 4,000,000Source | — |
| Gross ProfitUSD | 71,314,000Source | 44,647,000Source | 5,268,000Source | 6,663,000Source |
| Interest ExpenseUSD | — | — | — | 36,000Source |
| Interest Expense, DebtUSD | — | — | 266,000Source | — |
| Marketing and Advertising ExpenseUSD | 1,527,000Source | 864,000Source | 107,000Source | 123,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -26,625,000Source | -15,999,000Source | — |
| Nonoperating Income (Expense)USD | 92,000Source | 2,599,000Source | -704,000Source | -857,000Source |
| Operating ExpensesUSD | 99,523,000Source | 73,871,000Source | 20,503,000Source | 14,992,000Source |
| Operating Lease, ExpenseUSD | 1,597,000Source | 1,452,000Source | 1,016,000Source | 1,342,000Source |
| Selling and Marketing ExpenseUSD | 59,206,000Source | 32,760,000Source | 2,903,000Source | 2,992,000Source |