SunWorks Inc (SUNWQ)

[Grizzly22]

As someone mentioned a few days ago we don't know last years January sales numbers to compare, but 300% growth is always spectacular.

The demand for SUNworks installations seems to be higher than their supply. it sounds like they have a backlog of orders from 2013, not a bad thing at all IMO.

"Having generated revenues of more than $8.5 million last year, the company began 2014 with an impressive pipeline of orders, prompting Solar3D to act"

http://www.pv-magazine.com/news/details/beitrag/solar3d-acquires-californias-sunworks_100014098/#axzz2vZyKvqLT

I want to break down the numbers on here so that someone with more knowledge can correct me

SUNworks was projected at 7.5 million gross at one point. "Its revenue for 2013 is estimated to be in excess of $7,500,000, with estimated pre-tax profits of almost $1,000,000."

http://www.solar3d.com/view_news.php?Id=73

does anyone know what tax percentages look like for solar companies? i know they are given a substantial tax break for clean energy right?

the pre-tax profit was near 1 million at this number (the profit margin was around 13.3% then).

so if the later revision that they exceeded 8.5 million last year is accurate, then they earned (pre-tax) 1.13 million last year. if they are up 300% so far this year and continue this, then you could extrapolate their income to be about 3.39 million (again, assuming they stay at 300% growth).


the beautiful thing is compound growth. Obviously speculating here, but if they grow at a rate of 300% each year, then we would see:

3.39 net by the end of this year

3.39 x 3= 10.17 (end of next year)

10.17 x 3=30.51 (3 years away)

30.51 x 3=91.53 (4 years)

91.53 x 3=274.59 (5 years)

just some fun with the numbers but that kind of growth gets pretty crazy, even pre-taxed.

None of this takes into account the many other variables at play here. the patent(s), testing of the 3rd prototype and its efficiency, fabrication test run, large scale fabrication, acquisition of other companies, etc, etc.