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I recently moved to New Mexico. Hopefully I will be able to purchase from SunWorks next year when I buy a place!
Good post Imp. I agree with your range. 30+ is great. Anything above 25+ is solid/expected.
FYI, that is the incorrect Z-Score formula. The one you referenced is for manufacturing firms. You should be using the one for emerging markets. SUNW still doesn't do well in the emerging market calcs but it was worth noting. I'll be keeping an eye on it over the next few quarters as I expect it to trend in the positive direction.
drugman I thought we already put the backlog item to rest? You miscalculated a few weeks ago and myself along with someone else showed you that backlog is increasing.
Trying to compare growth rates in the 1980's to now is ridiculous.
You can answer your own question by comparing the company to industry growth rates over specified time periods.
Your line of reasoning is way off on this one.
I actually agree with Sandy (wtf?) on this one.
JN seems to be a bit loose lipped which is one reason I'm glad he's gone. The new CEO already seems like an upgrade based on recent actions and how the call was handled.
30% over last year is a definitive number no matter how you spin it. I think it is more of an internal goal and JN accidentally stated it as guidance.
Well stated Imp and I agree, it can't be more clear.
Drugman, what are you missing here? The backlog calculation is very straightforward...
To extrapolate for upontheroof89:
http://markets.businessinsider.com/news/stocks/Photon-Control-Announces-Appointments-to-its-Board-of-Directors-and-Management-Team-and-Cancellation-of-Requisitioned-Shareholder-Meeting-454247
Photon Control Announces Appointments to its Board of Directors and Management Team and Cancellation of Requisitioned Shareholder Meeting
"Photon Control Inc. ("Photon Control" or the "Company") (TSX-V: PHO), a leading developer of optical measurement technologies primarily used in the semiconductor equipment industry; announced today, that it has made the following appointments to its Board of Directors and Management Team:
Chuck Cargile, Director
Scott Edmonds, President and CEO, and Director
Paul Hellebrekers, Chief Operating Officer
Yuri Sikorski, VP Solutions Engineering
"Adding Chuck to our Board enhances not just our industry, business operations and governance strength, but Chuck also brings a depth of knowledge and long term strategic view of the photonics industry to our cohort," said Photon Control's Chair Neil McDonnell."
CALL DETAILS PLEASE !!!
Is the report located somewhere?
I don't see it on EDGAR. I'm curious to see the numbers.
Revenue is obviously disappointing but the current valuation is a bit laughable. Especially with little to no debt on the books.
I think SUNW is going to be acquired, especially with its trading range the past 12 months.
Didn't you see the satellite images I posted? Its been proven that the installs did happen.
You're correct that there is an obvious pattern. It's been there for the taking since the penny days..
However, using the stock price performance as a negative seems inaccurate compared to what the rest of the industry has done over the same time period. While most of the key industry players have shed half their value or more, SUNW has remained flat and is trending upwards.
Not true... SolarCity doesn't sell in Nevada anymore.
Solar panels sighted on Amazon Reno facility.
This satellite image was from 9/16/16. I've been monitoring these since the announcement and it looks like Amazon/SunWorks deal did move forward as expected. The Windsor, CT facility doesn't have panels on top as of 8/30/16 (the most up to date image I can find).
Glad to hear it.
Just a theory but I think the shorts may have started covering in preparation for the earnings run up. This didn't go as low as some may have expected and today is less than a month before earnings.
This report will be very telling as far as how close they are towards the yearly revenue goals. I am half expecting some other sort of positive news but I won't be holding my breath.
Completely agree with Moon here. What's wrong with you people? A contract was announced and no further info has been provided nor should it. A quick google search shows that the Reno, NV and Windsor, CT Amazon facilities are both brand new. It makes a whole lot of sense that they would be installing solar arrays on these new structures.
I wouldn't be upset at all if it drops back down to $2. I'd buy a bunch more shares and laugh as it easily climbs back over $3.
The stock dropped from 2006 to 2009.. Hmmm what major event occurred during that time frame... I can't seem to put my finger on it...
How do you figure? The new guy has more C-level positions and has held those positions for a longer period of time... Along with a higher level of education.
A quick search via linked in shows that the new employees are greater in talent and experience than the old ones. It doesn't take a rocket scientist to put two and two together.
One thing I found interesting was that they made sure to mention that the new guy was familiar with "Stock buy-back" programs. Imagine a stock buy back coming out of left field? I don't agree that's a prudent decision right now but down the road it sure would be nice!
Average CFO tenure of Fortune 500 companies. Looks like Tracy is on low end. Companies don't let talented people walk out the door...
Fortune 500 CFOs are staying at their jobs longer, as the average tenure among top corporate financial executives is 5.9 years, up from 4.9 years since 2008, according to new research highlighted in Spencer Stuart's annual CFO Index.
Never was a huge fan of his either.
In all honesty 18 months in a c-level position isn't necessarily short.
We're barely even considered a micro-cap at this point.
Usually micro-caps are companies with a market cap of between $50 & $150 million. We are at $59 mil as we currently stand but have been below the $50 million floor in the not too distant past.
Nano-caps are even more scarce in the arsenal of a fund manager. Carl hit the nail on the head with this one. Until we can sustain greater than $100 mil consistently, funds will not touch us.
If you're going to invest in a company you should probably have spent some time with due diligence research. Not reading SEC filings is a rookie investing mistake that professionals should not make.
Let's put this into perspective: A company that will reach $115 million in revenue this year is compensating top executives $3.6 million total in, fully disclosed, performance bonuses. That equates to 3.13% of total rev.
3.13% of rev in exchange for multiple successful mergers and acquisitions, talented executives, and impressive financial performance.
Ladies/Gents, we're not in penny land anymore. As more and more institutional investors take wind of this gem, price action will stabilize. However, overall sector performance will always have an effect which didn't help much today.
I'm going to stick with this like usual and continue to load up on any dips. Here's to a bright and sunny future.
I wasn't too far off either ;)
SUNW increases guidance by 10-15% and is still down.. Eventually the market will see the truth.
You're right. For some reason the chart I was looking at on yahoo finance does not match the chart I usually use on eTrade hence the discrepancy.
Market cap is barely above Q1 + Q2 revenue. The company is profitable. Cash on hand increased. No further dilution... Undervalued anyone?
The "golden cross" is extremely close from occurring. Only .0006 separating the 50 and 200 MA.
Well said.
Buying on dips is the best strategy for someone who wants to hold but strengthen their long term outlook.
The last purchase I made at $1.88 is looking pretty good right now!
Yep that's the tough part.
You don't want to be on the wrong side of the upturn if it does blow a lid and never returns. However, I think this will retract some after earnings depending on other news events.
If I had to guess, I think we go up past $4 around earnings time and then retract and settle in the mid to low $3's which becomes our new floor.
$31 million.
For similar reasons but also because it's my lucky number.
BTW, the fact that this closed at $2.77 cracks me up
I was thinking about this very subject a few days ago.
The dreamer in me had a maniacal idea: Sunworks has an acquisition in the final stages and is waiting to release the news until after the ER.
If our next acquisition is anything like the last structure-wise, we need to get our share price up a bit higher and this is the perfect way to do it. Release a great ER, and announce an exciting acquisition.
Sky rockets in flight...
Pro forma actually results in a higher total..
FY'16 = 182.686 million.
Q2 = 30.013 million
Q3 = 53.812 million
Q4 = 79.289 million
Relevant re-post:
Projecting FY 2016 Revenue based on FY 2015 data.
Now that we have Q1 numbers, I thought it would be fun to extrapolate out the Revenue based on the proportional revenue from each quarter last year. Bear in mind that with the acquisitions last year, these numbers won't line up exactly. But it's fun nonetheless:
Numbers in Bold are actual data.
Numbers in Italics are projections.
Do I think we will hit anywhere close to these numbers? No.
Do I think there is a real possibility we beat out projections? Yes.
I hope so, I'm ready to get back to the $4's.
Increasing my position in the $1's was nice though.
Sunworks’ Patent For Its Solar3D Cell to Be Granted by Chinese Patent Office
ROSEVILLE, CA (June 9, 2016) -- Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions, announced that its Solar3D Technology Division has received confirmation that the Chinese Patent Office intends to grant a Patent for the Solar3D Cell, its 3-dimensional solar cell technology. Completion of the grant is expected to occur around August of 2016, provided that no delays occur in the patent office.
Sunworks CEO, Jim Nelson, said, “The mission of Sunworks has always been to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies. The anticipated grant of this patent is a key milestone to bringing the Solar3D Cell to the global stage.”
The patent, once granted, is anticipated to help Sunworks accelerate its work with manufacturers in pursuit of the commercialization of the Solar3D Cell.
The decision to grant the patent specifically applies to Sunworks’ Three-Dimensional Power Systems and Methods of Making Same. Securing the patent in China is a key to protecting Sunworks’ proprietary cell which collects sunlight from a wide angle and causes light to bounce within the cell’s 3-dimensional microstructures until fully absorbed thus maximizing the conversion of sunlight into electricity.
About Sunworks, Inc.
Sunworks, (formerly known as Solar3D) a leading provider of solar power solutions, is focused on the design, installation and management of solar power systems for commercial, agricultural and residential customers. Sunworks is one of the fastest growing solar systems providers in the western United States, delivering 2.5 kilowatt to multi-megawatt commercial systems. The Company's mission is to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies. The Company's focus is on putting the customer first, providing the best value systems in the industry, and delivering on what is promised.
To learn more about Sunworks, visit our website at http://sunworksusa.com/.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.