Friday, May 30, 2014 11:53:50 PM
1. SUNworks revenue for 2013 was over $8.5m and they were profitable for 2013. SUNworks expects SIGNIFICANT top line and bottom line growth in 2014.
2. Jim Nelson, "we expect to build one of the fastest growing and most profitable companies in the solar systems market."
3. SUNworks new residential division had revenue "approaching" $1m per month in April.
4. By May 15th, "We are experiencing new sales over $1MM per month on the residential side of our business".
5. Year-over-year revenue grew 110% and Gross Profit grew 146% in Q1 2014 over Q1 2013.
6. After noting January revenue grew 300% over 2013, Jim Nelson said "We believe that this is indicative of the trend of our solar systems business this year".
7. Break even is roughly $2.8MM in quarterly revenue. April revenue was $1.5MM, so as long as SUNworks matches that in May they will surpass that threshold with ease.
SUNworks, by all accounts, will be approaching 1/8th the size of Solar City in revenue this year. However, Solar City is valued at 269x more than SUNworks (as measured by Market Cap), yet SUNworks is profitable and Solar City is NOT!
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM