Replies to post #45964 on SunWorks Inc (SUNWQ)

[buckylaw06]

I see your general point. However, nobody is getting issued a $20K loan in advance of installation and having to pay on it prior to installation. That's not how any bank works.

Also, lets remember that the backlog is spread across three offices now: Sunworks, Sunworks Nevada, & MD Energy.

Further, SLTD did that PR stating that they had a record sales month in March, which of course is the last month of the reporting quarter. So, much of the residential backlog (if any) was likely jobs that were on schedule, but had just been booked.

However, the March record was only $2.1 Million residential sales. If that was the high month for residential sales, then it means much of the backlog is commercial jobs, which always take much longer to plan & execute.

It matters not the reason for backlog, it matters if the backlog can be closed. If backlog continues to grow while revenues stagnate, then there is a huge problem. SLTD customers are basically cash customers who either get a outright loan or pay cash for their solar and if someone like that is made to wait it is not good. If I take out a loan for my solar and have to wait 4 months for an install while already making payments for something I do not have, I would be pissed and and my bad experience would be shared all over FB and Twitter etc.etc...

I'm not saying that SLTD is having this issue, just saying I'm watching.....