Thursday, June 22, 2017 10:30:25 AM
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:
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 . . .
Never argue with a fool, onlookers may not be able to tell the difference. - Mark Twain
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