SunWorks Inc (SUNWQ)

[Nistel]

Outstanding shares are way off here. In the calculation only 44M shares are counted.

"The number of shares of registrant’s common stock outstanding as of November 5, 2013 was 194,130,544."

Take some dilution since, and say appr. 200M shares.
That's 4.5 times the O/S from this calculation.
Calculated values should be divided by factor 4.5 at least.

Not to mention the difference between net profits (earnings) en total revenue, as someone already mentioned before me.
We have no data as to which profit remains from those 8.5M revenues.

If you would count 10% net profit margin (850k) and resuming this calculation the same way, EPS will be 0.004 and P/E would be 0.12/0.004 or 30.
Last calculation (with future P/E of 5) would give a share price of only .167. Factor 10 as mentioned too would give 0.333.

Not saying this calculation is fully correct, but following the same steps as this Yahoo poster with different/corrected assumptions gives some complete different outcome.