Sunworks (SUNW) Reports Q4 EPS of $0.05

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Sunworks Exceeds 2015 Revenue Guidance With $53.7 Million in Revenues, a 166% Increase; Reports Profit With Diluted EPS of $0.05

March 14, 2016 7:00 AM EDT

ROSEVILLE, CA -- (Marketwired) -- 03/14/16 -- Sunworks, Inc. (NASDAQ: SUNW), a provider of solar power solutions for commercial and residential markets, today announced financial results for the fourth quarter and full year ended December 31, 2015.

Full-Year 2015 Highlights:

Revenue of $53.7 million, up 166%, compared to $20.2 million in the prior year Organic revenue growth was approximately $25.0 million, or 124%, while $8.5 million, or 16% of growth, was acquisition related Gross margin of 31.7% of total... More