SunWorks Inc (SUNWQ)

[SandridgeEnergy]

Well now we are seeing what numbers would have looked like in previous years if they hadn't been cooking the books. The excuses being made for why revenue is low now (low margins on previous projects) were explicitly denied at the time by management who said very plainly they were taking high margin projects.

See here for example of previous claimed margins (over 30%!): http://www.marketwired.com/press-release/sunworks-reports-over-100-organic-revenue-growth-in-first-quarter-2016-nasdaq-sunw-2123666.htm

And the earnings did indeed show high margins.... until they had to "adjust" them later when expenses were suddenly too high. And now margins are terrible on these very same projects when accounted for (hopefully) properly.