SunWorks Inc (SUNWQ)

[ImpishGrin]

All these recently announced sales are going to give bears ammo to claim that the backlog is growing which means the company can't execute installs in a timely manner, leading to cancellations, etc. LOL

Q2 will be over next Friday. I haven't tracked the California weather closely but am under the impression that skies have been sunny. It seems like Charles was confident it would be a nice quarter but didn't want to project the blue-sky scenario.

From the 2017-Q1 transcript Q&A (via Seeking Alpha) https://seekingalpha.com/article/4072334-sunworks-sunw-ceo-charles-cargile-q1-2017-results-earnings-call-transcript?page=8 when asked if he could anticipate 2017-Q2 revenue higher than the Q2 period from last year, Sunworks CEO - Charles Cargile responded:

I could see the sales number being at that level. I don't know if we'll convert revenue at a pace that would get us to $31 million. It's possible, because as you can see we have the backlog, but it would be a lot of installation effort in the second half of this quarter. So, we are confident that there will be a real nice increase over the $14 million-and-change that we did this quarter. We also are on a trajectory where we'll start recording regularly revenue levels over $30 million. We just may not be able to get there in Q2.

Q2 last year was: $31.6M (+0.04 EPS) I think Charles didn't want to over promise - how about $33M (+0.03 EPS) or something? Possible? Thoughts?

Anything under $25 million (+0.01) would be falling short IMO due to the backlog and assuming good weather. I also figured that the margins would be lower due to an increased mix of commercial jobs vs. higher-margin residential installs going forward . . .