SunWorks Inc (SUNWQ)

[accounting101]

Preliminary guestimate for SUNworks 3rd Quarter results (this does not include any expenses related to Solar 3d and cell development):

Guestimate	       QE 9/30/14	Margin % '14 
 Revenue	       $12,000,000 	100.00% 
 Cost of Goods Sold	$8,700,000 	 72.50% 
 Gross Profit	        $3,300,000 	 27.50% 
 Operating Expenses	$1,050,000 	  8.75% 
 Other Exp	        $-   	          0.00% 
 Net Income	        $2,250,000 	 18.75% 
 

My revenue estimate is based on the $10m commercial backlog as of June (some of which should have been recognized in June), along with the estimated $9m for the Jackson Family Wineries (due to finish in November), and $1m/month for residential. That totals $24m in revenue from July 1-November 30. I believe it will be backloaded in October-November due to the winery install. I may be conservative, but I don't know where their currently "ceiling" is as far as monthly revenue with current personnel - or how quickly their monthly revenue ceiling is growing.