Sunworks (SUNW) Reports Q2 EPS of $0.03, Raises FY Revenue Guidnce
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Sunworks Reports Record Second Quarter Revenue of $31.5 Million and Raises Full-Year Revenue Guidance
August 10, 2016 7:01 AM EDTROSEVILLE, CA -- (Marketwired) -- 08/10/16 -- Sunworks, Inc. (NASDAQ: SUNW), a provider of solar power solutions for commercial and residential markets, today announced financial results for the quarter and six months ended June 30, 2016, and increased its full-year guidance.
Q2 2016 Highlights:
Record total revenue of $31.5 million, up 186% year-over-year due primarily to acquisition of Elite Solar and organic growth; 59% sequential revenue growth Gross Margins at 29.4% despite higher commercial business mix in the quarterNet income increased to $744,000, compared... More