Sunworks, Inc. Provides Earnings Guidance for the Third Quarter of 2019
August 02, 2019 at 05:30 pm IST
Share
Sunworks, Inc. provided earnings guidance for the third quarter of 2019. Management noted that although it is difficult to predict the timing of installation revenue on a quarter by quarter basis, the company expects to generate slightly higher sequential revenue in the third quarter of 2019 " in the range of $19 million to $22 million. Management expects the company to again generate positive operating income for the third quarter of 2019.
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. 
