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Sunworks Inc (SUNW) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Sunworks Inc (SUNW) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Sunworks Inc is provide photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. Sunworks Inc has a market cap of $11.460 million; its shares were traded at around $0.44 with and P/S ratio of 0.16.


For the last quarter Sunworks Inc reported a revenue of $19.2 million, compared with the revenue of $19.29 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $71.0 million, a decrease of 8.4% from the previous year. For the last five years Sunworks Inc had an average revenue decline of 0% a year.

The reported loss per diluted share was 23 cents for the year. The Sunworks Inc had an operating margin of -4.59%, compared with the operating margin of -8.15% a year before. The 10-year historical median operating margin of Sunworks Inc is -8.72%. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Sunworks Inc has the cash and cash equivalents of $3.63 million, compared with $6.36 million in the previous year. The long term debt was $3.86 million, compared with $1.12 million in the previous year. Sunworks Inc has a financial strength rank of 5 (out of 10).

At the current stock price of $0.44, Sunworks Inc is traded at 99.3% discount to its historical median P/S valuation band of $59.46. The P/S ratio of the stock is 0.16, while the historical median P/S ratio is 20.17. The stock lost 52.36% during the past 12 months.

For the complete 20-year historical financial data of SUNW, click here.

This article first appeared on GuruFocus.