Sunworks, Inc. Provides Earnings Guidance for the Third Quarter Ended September 30, 2021
October 21, 2021 at 08:04 pm IST
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Sunworks, Inc. provided earnings guidance for the third quarter ended September 30, 2021. For the quarter, the company revenues are estimated to be between approximately $29.5 million and $31.5 million and net loss will be between approximately $6.4 million and $7.2 million, subject to quarter-end closing adjustments.
Sunworks, Inc. provides photovoltaic (PV) and battery-based power and storage systems for residential and commercial markets. The Company's commercial projects include commercial, agricultural, industrial, and public works projects. It operates through three segments: Residential Solar, Commercial Solar Energy, and Corporate. Residential Solar segment designs, arrange finances, integrates, installs, and manages systems, primarily for residential homeowners. The Commercial Solar Energy segment designs, arrange finances, integrates, installs, and manages systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems primarily for larger commercial and public works projects. Its commercial installations include installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its public works installations include school districts, federal facilities and local municipalities.
SUNWORKS, INC. 
