reports
Sunworks Names Gaylon Morris as Chief Executive Officer
Sunworks Names Gaylon Morris as Chief Executive Officer Transformational Leader with Established History of Driving Growth to Lead Sunworks ROSEVILLE, Calif., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced that the company’s Board of Directors has appointed Gaylon Morris as its new Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Morris is a transformational leader with a proven record of d...
Sunworks Pays Off Debt and Strengthens Balance Sheet
Sunworks Pays Off Debt and Strengthens Balance Sheet Company Completes ATM Offering – Raises $20 Million in Cash;Pays off $2.7 Million CrowdOut Capital Debt ROSEVILLE, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced the Company has sold approximately 3.8 million shares of common stock raising approximately $20 million in gross proceeds through “at the market” offerings under its prospectus supplement filed on November 25, 20...
Sunworks Reports on Special Meeting of Stockholders
Sunworks Reports on Special Meeting of Stockholders Merger Proposal with Peck Company Fails to Win Stockholder Approval ROSEVILLE, Calif., Nov. 12, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced that the proposed merger with the Peck Company Holdings, Inc. (“Peck Company”) failed to secure stockholder approval. Sunworks had established October 9, 2020 as the record date for determining stockholders eligible to vote at the special meeting of...
The Peck Company Holdings to Acquire Sunworks via Share Exchange, Crea...
The Peck Company Holdings to Acquire Sunworks via Share Exchange, Creating an Industry Leading Solar EPC with National Presence All-Stock Transaction Provides Scale and Operating Efficiencies to Accelerate Revenue Growth and Margin Expansion Conference Call Scheduled for Today at 5:30 p.m. ET SOUTH BURLINGTON, Vt. and ROSEVILLE, Calif., Aug. 10, 2020 (GLOBE NEWSWIRE) -- The Peck Company Holdings, Inc. (NASDAQ: ) ( “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company and Sunworks, Inc. (NASDAQ: ) (“Sunworks”), a provider of solar power solutions for...
Sunworks Reports Second Quarter 2020 Results
Sunworks Reports Second Quarter 2020 Results Company Reports Improved Cash Balance and Gross Margin; Announces Merger Agreement and Executive Management Changes;Regains Compliance with Nasdaq Minimum Bid Price Requirements ROSEVILLE, Calif., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW) (“Sunworks”), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced financial results for the second quarter and first half of the year through June 30, 2020. Combination with The Peck Company Holding...
Sunworks Reports Financial Results for the First Quarter of 2020
Sunworks Reports Financial Results for the First Quarter of 2020 Company Implements Cost Reduction Measures, Bolsters Cash Position in Response To COVID-19 ROSEVILLE, Calif., May 07, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, announced financial results for the first quarter of 2020 and provided an update on the impact from the COVID-19 pandemic. First Quarter 2020 Summary: Revenue of $12.4 million for the first quarter of 2020 versus $9.3 mi...
Sunworks to Announce First Quarter 2020 Results and Hold Conference Ca...
Sunworks to Announce First Quarter 2020 Results and Hold Conference Call on May 7th ROSEVILLE, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it will report its first quarter 2020 financial results before the open of the market on Thursday, May 7, 2020. Management will host a conference call to discuss these results on the same day at 11:00 a.m. ET (8:00 a.m. PT). To access the call, please dial 1-844-...
Sunworks Secures $2.8 Million Loan Under Paycheck Protection Program ...
Sunworks Secures $2.8 Million Loan Under Paycheck Protection Program Provision of CARES Act ROSEVILLE, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc., (NASDAQ:SUNW) a provider of solar power solutions for agriculture, commercial, and industrial (ACI), public works and residential markets, today announced that it received a $2.8 million loan under the Paycheck Protection Program (PPP), a provision within the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, signed into law on March 27, 2020. The PPP allows businesses with fewer than 500 employees to obtain a loan of ...
Sunworks Reports Fourth Quarter 2019 Results
Sunworks Reports Fourth Quarter 2019 Results — Company Takes Action to Address Uncertain Business Environment — ROSEVILLE, Calif., March 30, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced financial results for the fourth quarter and year ended December 31, 2019. Fourth Quarter 2019 Summary: Fourth quarter 2019 revenue of $14.4 million and net loss of ($3.4) million, or ($0.59) per basic and diluted share.New project sales of $21.1 million...
Sunworks Provides Business Update Amidst Rapidly Evolving COVID-19 Pan...
Sunworks Provides Business Update Amidst Rapidly Evolving COVID-19 Pandemic --- Implements Temporary Cost Reduction Measures Resulting in Expected Savings of $400,000 per Month ------ Company to Announce 2019 Fourth Quarter and Full-Year Financial Results and Host Conference Call on March 30 --- ROSEVILLE, Calif., March 23, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, provided an update on the current impact of the COVID-19 (Coronavirus) (the “Virus”) pan...
Sunworks Amends Term Loan Agreement and Agrees to Pay Down $1.5 Millio...
Sunworks Amends Term Loan Agreement and Agrees to Pay Down $1.5 Million in Debt as Part of Deleveraging Initiative ROSEVILLE, Calif., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced that the company has agreed to an amendment to its loan agreement with CrowdOut Capital, LLC, whereby the company will reduce the outstanding balance of its $3.0 million senior note due January 31, 2021 by $1.5 million. As part of this amendment, CrowdOut...
Sunworks Wins $11.5 Million in New Commercial Projects in December 201...
Sunworks Wins $11.5 Million in New Commercial Projects in December 2019; Adjusts 2019 Expectations ROSEVILLE, Calif., Jan. 08, 2020 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced that the company has been awarded commercial project wins of $11.5 million in new commercial projects during the final month of 2019. The company noted that more than 40 new ACI contracts were signed in December bringing the fourth quarter new bookings total to more tha...
Sunworks to Commence Construction of $5 Million Public Works Project
Sunworks to Commence Construction of $5 Million Public Works Project 2.5 Megawatt (MW) project to reduce energy costs and establish a definitive, long term pricing structure for a state-sponsored institution in Northern California ROSEVILLE, Calif., Nov. 26, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it has received approval to commence construction of a public works project for a state-sponsored institution in Nor...
Sunworks Awarded Agricultural Solar Project in California
Sunworks Awarded Agricultural Solar Project in California Company selected to construct solar system for dairy farm ROSEVILLE, Calif., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it has been awarded an engineering, procurement and construction (EPC) contract to develop a 653kW ground mount solar system for a privately-held dairy farm in California’s Central Valley. Sunworks’ Chief Executive Officer, C...
Sunworks Awarded Northeast Region Solar Project
Sunworks Awarded Northeast Region Solar Project Company selected to construct largest residential solar project under the Solar Massachusetts Renewable Target (SMART) incentive program ROSEVILLE, Calif., Nov. 11, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it has been awarded an engineering, procurement and construction contract to develop a 370kW ground mount solar system for multi-unit residential project in a Mas...
Sunworks Reports Third Quarter 2019 Results
Sunworks Reports Third Quarter 2019 Results ROSEVILLE, Calif., Oct. 31, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced financial results for the third quarter and the nine months ended September 30, 2019. Third Quarter 2019 Highlights (Third Quarter of 2019 vs. Third Quarter of 2018): Revenue of $17.5 million versus $18.3 million.Loss before other expenses was ($1.0) million versus a loss of ($0.2) million. Net loss for the quarter ...
Sunworks and Bright Power Announce Rooftop Solar Project for Southern ...
Sunworks and Bright Power Announce Rooftop Solar Project for Southern California Apartment Complex System Expected to Generate 657 kW of Solar Power to Reduce Utility Costs and Enhance Energy Efficiency ROSEVILLE, Calif., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it has been awarded an engineering, procurement and construction contract to develop a 657 kilowatt roof mount solar photovoltaic project for a ...
Sunworks to Announce Third Quarter 2019 Results and Hold Conference Ca...
Sunworks to Announce Third Quarter 2019 Results and Hold Conference Call on October 31st ROSEVILLE, Calif., Oct. 17, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it will report its third quarter 2019 financial results prior to the market opening on Thursday, October 31, 2019. Management will host a conference call to discuss these results on the same day at 11 a.m. ET (8:00 a.m. PT). To access the call, please dia...
Sunworks Appoints Judith Hall to Board of Directors
Sunworks Appoints Judith Hall to Board of Directors Experienced Executive and Legal Advisor with a Track Record in Renewable Energy ROSEVILLE, Calif., Oct. 01, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high performance solar power solutions for agriculture, commercial, industrial, public works and residential markets, today announced that Judith Hall, the former Chief Legal Officer of Recurrent Energy, one of North America’s largest solar developers that was acquired by Canadian Solar in 2015, has been appointed to its Board of Directors, effective Oc...
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