SunWorks Inc (SUNWQ)

[ImpishGrin]

Relaying this from a private conversation - thanks!



1.) The company didn't just "all of a sudden" say they are abandoning the cell- the said explicitly in the conference call back in:

Q1-16 CC:
https://seekingalpha.com/article/3974214-sunworks-sunw-ceo-jim-nelson-q1-2016-results-earnings-call-transcript?part=single

"While our primary focus continues to be on integration our legacy solar 3D technology still remains part of our company, securing a manufacturer who can help commercialize this technology and assist it in bringing it to market has taken longer and proven to be more challenging than we expected. Still our outlook for commercialization remains optimistic, but at this stage next step are contingent upon securing a partner as we have announced in the past. Our primary focus remains on our solutions business while the commercial, agricultural segment is expanding and the residential segment enjoys conditions that are conducive to considerable growth and we continue to identify and take advantage of this internal organic opportunity."

Pretty clear here what the focus is... and isn't.

Q4-15:

https://seekingalpha.com/article/3958955-sunworks-sunw-ceo-jim-nelson-q4-2015-results-earnings-call-transcript?part=single
"Jim Nelson
Not shelved. We are not investing substantial additional R&D dollars and making it better. We really recognize that we have taken it to the point where we really need a manufacturing partner. We’re still talking to people about it, actually. We’re more encouraged today than we have been at any time in the last year, I would say. Last six months or so. There’s real opportunity there, we believe.

That said, look, we have a business that’s growing at over 100% a year, that’s profitable, it’ll continue to do that, and so that’s got to be the focus; that’s got to be the focus of our management. If we can commercialize the solar cell, awesome. And we’re going to try to do that, and we think we can, and that will add another revenue stream. But, we’re really happy with the way the business is going, and we know where our management needs to focus.

"

Umm- even before that:

Q3-15:
Analyst Jeff Osborne Knew:
"Jeff Osborne
Got it and just a couple other and then pick one here. The R&D took a big step down; was there any material changes in your cell development or licensing strategy? I know it's not really the focus of the company but just the drop - I wasn't sure if you there has been change.

"


Nelson: "So we're not really working on technical elements because we have a clear next step that requires our manufacturing partner."


"Tracy Welch
Sure. [Indiscernible]. So I'll talk a little bit about our growth engine that's important for us to provide some transparency into our metrics and what the power for our growth engine is. There are really three key themes that we're focused on for building long-term shareholder value.

First, is to generate a steadily growing cash flow stream through both our SUNworks and MD Energy operating divisions which we have continued to do so on a consistent basis. Second, is to invest in our infrastructure to build the necessary management and back office teams to handle our organic growth and to facilitate interesting acquisition candidates quickly and to capture their operating and financial inefficiencies. Third, our strong management team is led by experienced industry veterans with extensive knowledge in energy, construction, clean-tech, finance and marketing strategy. Our executives and our division leaders have held high level positions in top organizations and their involvement has included the expansion of multi-million dollar companies, paid in excess to billions in capital to run their own successful companies and have contributed to the energy industry.

"