Replies to post #55753 on SunWorks Inc (SUNWQ)

[drugmanrx]

Want to make sure I got this right.

They did 19.6 for the quarter at a gross profit 29.9% or a gross profit of 5.86 million and they had a net loss of $378,000.

4th quarter 2014

Revenue of $17.3 million, up over 230%, compared to $5.2 million in the fourth quarter of 2014
Gross margin of 36.5% of total revenue for the fourth quarter of 2015 compared to 29.9% in the fourth quarter of 2014
Operating income of $1.5 million, up 271%, compared to $417,000 in the fourth quarter of 2014
Net income of $1.2 million compared to a net loss of $7.3 million in the fourth quarter of 2014

1st quarter 2015


Total revenue of $19.6 million, up approximately 246% year-over-year and 13% sequentially despite the impact of 20 days of inclement weather which impacted volume
Organic revenue growth of 100% year-over-year
Net loss narrowed by over $1 million to ($378,000) compared to $(1.4) million in the first quarter of 2015
Operating income of $152,000 compared to an operating loss of $(1.0) million in the first quarter of 2015
Gross Margins of 29.9% compared to 34.3% in the first quarter 2015, reflecting a higher mix of commercial projects vs. residential projects
Strong backlog of $39.8million as of March 31, 2016


quarter to quarter comparison

revenue increase 2.3 million
operating income down $1.32 million
net loss 1st quarter $378,00 net income 4th quarter $1.2 million

They state net loss do to bad weather, yet they did 2.3 million dollars more in revenue.