Private company
ISUN, INC.
ISUN, INC. is an American semiconductors and related devices company based in Williston.1
Last updated Oct 20, 2026.
Overview
- IndustrySemiconductors & Related Devices1
- HeadquartersWilliston, Vermont1
- Incorporated inDE2
- Business address400 Ave D, Suite 10, Williston, Vt 054952
- Filer category, Emerging growth company2
- Legal formCorporation
See how the biggest companies compare on our leaderboards
“predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue81¢$77.8M
- Other costs17¢$16.2M
- Interest2¢$1.7M
- Income tax0¢$44.0K
Out of $95.7M in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $16.0M6 | $28.2M7 | $21.1M8 | $45.3M9 | $76.5M5 | $95.7M5 | |
| Cost of revenue | $12.8M6 | $24.1M7 | $18.7M8 | $38.9M9 | $60.5M5 | $77.8M5 | |
| Gross profit | $3.1M6 | $4.2M7 | $2.3M8 | $6.4M9 | $16.0M5 | $17.9M5 | |
| Operating expenses | $17.0M9 | $71.4M5 | $30.6M5 | ||||
| Operating income | -$746.6K10 | $1.2M6 | $921.1K7 | -$1.7M8 | -$10.6M9 | -$55.4M5 | -$12.7M5 |
| Interest | $54.4K10 | $134.8K6 | $244.1K7 | $302.5K8 | $518.0K9 | $1.4M5 | $1.7M5 |
| Income before tax | -$8.2M9 | -$54.5M9 | |||||
| Income tax | $2506 | $1.1M7 | -$487.2K8 | -$1.9M9 | -$752.0K5 | $44.0K5 | |
| Net income | -$584.3K10 | $1.1M6 | $2.5M7 | -$980.1K8 | -$6.2M9 | -$53.8M5 | -$19.4M5 |
| Earnings per share | $0.336 | $0.577 | -$0.248 | -$0.679 | -$3.825 | -$0.735 | |
| Earnings per share (diluted) | $0.336 | $0.577 | -$0.248 | -$0.678 | -$3.825 | -$0.735 | |
| Shares (weighted, basic) | 9.3M shares9 | 14.1M shares5 | 26.7M shares5 | ||||
| Shares (weighted, diluted) | 9.3M shares8 | 14.1M shares5 | 26.7M shares5 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $25.4K10 | $313.2K6 | $95.9K6 | $699.0K9 | $2.2M5 | $5.5M5 | $3.5M5 |
| Receivables | $14.3M9 | $8.8M5 | $13.0M5 | ||||
| Inventory | $2.5M9 | $2.5M9 | |||||
| Current assets | $39.9K10 | $3.1M6 | $8.9M7 | $8.5M8 | $24.1M9 | $25.7M5 | $31.5M5 |
| Property, plant and equipment | $11.1M9 | $8.4M5 | $7.8M5 | ||||
| Goodwill | $36.9M9 | ||||||
| Intangible assets | $18.9M9 | $14.0M9 | |||||
| Total assets | $41.1M10 | $10.8M6 | $15.7M7 | $19.6M8 | $103.7M9 | $67.5M5 | $66.7M5 |
| Accounts payable | $13.2M9 | $12.9M5 | $20.5M5 | ||||
| Short-term debt | $6.7M9 | $5.4M5 | $1.8M5 | ||||
| Current liabilities | $2.1M10 | $3.4M6 | $8.5M7 | $8.2M8 | $34.4M9 | $30.2M5 | $35.4M5 |
| Long-term debt | $2.2M6 | $2.0M7 | $1.7M8 | $5.1M9 | $8.2M5 | $8.0M5 | |
| Total liabilities | $2.9M10 | $5.7M6 | $11.8M7 | $11.7M8 | $43.9M9 | $48.2M5 | $53.6M5 |
| Retained earnings | -$1.0M9 | -$54.8M5 | -$74.2M5 | ||||
| Shareholders’ equity | $4.5M6 | $5.1M7 | $3.9M8 | $7.9M9 | $59.9M5 | $19.3M5 | $13.1M5 |
| Shares outstanding | 2.0M shares10 | 3.2M shares6 | 5.3M shares7 | 5.3M shares8 | 11.8M shares9 | 15.1M shares5 | 47.3M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$399.6K10 | $1.6M6 | -$2.1M7 | $435.8K8 | $5.2M9 | -$6.3M5 | -$8.9M5 |
| Depreciation and amortization | $982.0K9 | $7.1M9 | |||||
| Stock-based compensation | $2.3M9 | $3.9M5 | $1.1M5 | ||||
| Capital spending | $2.7M6 | $39.6K7 | $8.1K8 | $975.6K8 | |||
| Free cash flow | -$1.1M | -$2.2M | $427.7K | $4.2M | |||
| Cash from investing | -$36.7M9 | $1.2M5 | -$806.0K5 | ||||
| Share buybacks | $5.5M7 | $08 | $673.0K9 | ||||
| Cash from financing | $43.4M9 | $8.4M5 | $7.8M5 |
Corporate structure
ISUN, INC. sits at the top of its group. 9 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of ISUN, INC.
- Jeffrey Peck Filed SC 13D/A on ISUN, INC., latest May 31, 2024 (4 filings since Mar 10, 2022)
- Anson Funds Management LP Filed SC 13G on ISUN, INC., latest Feb 14, 2024
- Ceyhun Demiralp Filed SC 13G on ISUN, INC., latest May 2, 2023
- ISUN, INC. Williston, Vermont
- iSun Corporate, LLC Subsidiary · Delaware, United States
- iSun Energy, LLC Subsidiary · Delaware, United States
- iSun Industrial, LLC Subsidiary · Delaware, United States
- iSun Residential, Inc. Subsidiary · Delaware, United States
- iSun Utility, LLC Subsidiary · Delaware, United States
- Liberty Electric, Inc. Subsidiary · Delaware, United States
- Peck Electric Co. Subsidiary · Vermont, United States
- SolarCommunities, Inc. Subsidiary · Vermont, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ISUN, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Buildings and improvements | $481.0K9 Dec 31, 2022 | $967.0K9 Dec 31, 2021 | −50.3% |
| Machinery and equipment | $2.2M9 Dec 31, 2022 | $3.1M9 Dec 31, 2021 | −31.2% |
| Computer equipment and software | $310.0K9 Dec 31, 2022 | $234.0K9 Dec 31, 2021 | +32.5% |
| Property and equipment, before depreciation | $13.5M9 Dec 31, 2022 | $14.1M9 Dec 31, 2021 | −4.4% |
| Accumulated depreciation | $6.3M5 Dec 31, 2023 | $5.0M5 Dec 31, 2022 | +25.3% |
| Property and equipment, net | $7.8M5 Dec 31, 2023 | $8.4M5 Dec 31, 2022 | −7.5% |
| Operating-lease assets (leased space) | $7.0M9 Dec 31, 2022 | $7.5M9 Jan 1, 2022 | −7.7% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated amortization | -$5.2M9 Dec 31, 2022 | -$349.0K9 Dec 31, 2021 | −1381.1% |
| Finite-lived intangibles, net | $14.0M9 Dec 31, 2022 | $18.9M9 Dec 31, 2021 | −25.6% |
Inventory
Leadership
Who has led ISUN, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerRobert J. Zulkoski Mar 29, 2024 to Mar 29, 202413
- Chief executive officerJeffrey James Raymond Mar 21, 2016 to Jun 17, 201914
- PresidentDaniel Reid Dus Jan 26, 2022 to Jan 26, 202215
- PresidentJeffrey James Raymond Mar 21, 2016 to Jun 17, 201914
- Chief financial officerJames Douglas Gardner Sep 18, 2017 to Sep 18, 201716
- Chief financial officerRebecca Irish Mar 21, 2016 to Mar 22, 201717
Board members and other officers (9)
- Chief Innovation OfficerSass Peress Feb 3, 2021 to Feb 11, 202118
- SecretaryHarold Kenneth Merritt Jr. Mar 3, 2021 to Mar 3, 202119
- Board memberClaudia Michel Meer Feb 11, 2021 to Sep 19, 202320
- Board memberAndrew Christian Matthy Aug 20, 2021 to Sep 19, 202321
- Board memberStewart I. Martin Jul 22, 2019 to Sep 19, 202322
- Board memberDaniel Reid Dus Oct 4, 2019 to Jan 10, 202323
- Board memberJeffrey James Raymond Mar 21, 2016 to Jun 17, 201914
- Board memberPhilip Politziner Mar 21, 2016 to Jun 17, 201924
- Board memberRebecca Irish Mar 21, 2016 to Mar 22, 201717
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Vice President; DirectorFrederick Myrick, Jr. named Oct 14, 2021 to May 22, 202425
- President, Chief Executive Officer; DirectorJeffrey Peck named Oct 14, 2021 to May 22, 202425
- Interim Chief Financial OfficerRobert Vanderbeek named May 22, 202425
- Chief Financial OfficerJohn Sullivan named Oct 14, 2021 to Dec 27, 202326
- Chief Strategy OfficerMichael d'Amato named Oct 14, 2021 to Nov 18, 202227
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Liberty Electric, Inc. Delaware3
- Peck Electric Co. Vermont3
- SolarCommunities, Inc. Vermont3
- iSun Corporate, LLC Delaware3
- iSun Energy, LLC Delaware3
- iSun Industrial, LLC Delaware3
- iSun Residential, Inc. Delaware3
- iSun Utility, LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Jun 7, 20248-K Bankruptcy or receivership; Debt or obligation accelerated; Listing notice or transfer28
- May 31, 20248-K Entered a material agreement; New debt or obligation29
- May 20, 20248-K Listing notice or transfer30
- May 15, 20248-K Debt or obligation accelerated31
- Apr 25, 20248-K Bylaws or fiscal year changed; Other events32
- Apr 24, 20248-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events33
- Apr 22, 20248-K Executive or director change; Regulation FD disclosure34
- Mar 29, 2024New chief executive Robert J. Zulkoski becomes CEO13
- Mar 11, 20248-K Entered a material agreement; Executive or director change; Regulation FD disclosure35
- Mar 1, 20248-K Shareholder vote36
- Feb 20, 20248-K Executive or director change37
- Dec 13, 20238-K Entered a material agreement; Ended a material agreement; New debt or obligation38
- Nov 17, 20238-K Debt or obligation accelerated; Other events39
- Mar 21, 2016New chief executive Jeffrey James Raymond becomes CEO14
Filings
146 filings to the SEC since October 2021: 5 annual reports, 7 quarterly reports, 40 major events, 32 insider forms, 6 large holders, 6 private raises, 50 other. The latest 20:
- Oct 23, 2024SEC STAFF ACTION EDGAR
- Aug 6, 2024SEC STAFF ACTION EDGAR
- Jun 7, 20248-K EDGAR
- May 31, 2024SC 13D/A EDGAR
- May 31, 20248-K EDGAR
- May 22, 2024D EDGAR
- May 20, 20248-K EDGAR
- May 15, 2024NT 10-Q EDGAR
- May 15, 20248-K EDGAR
- Apr 29, 202410-K/A EDGAR
- Apr 25, 20248-K EDGAR
- Apr 24, 20248-K EDGAR
- Apr 22, 20248-K EDGAR
- Apr 16, 202410-K EDGAR
- Apr 1, 2024NT 10-K EDGAR
- Mar 29, 20243 EDGAR
- Mar 11, 20248-K EDGAR
- Mar 1, 20248-K EDGAR
- Feb 23, 2024DEFR14A EDGAR
- Feb 20, 20248-K EDGAR
The 146 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
6 open-market trades by officers, directors and large owners since October 2021: 4 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 18, 2023 | Meer Claudia MichelDirector | Sale | 2,850 | $0.24 | $684 | Form 4 |
| Sep 18, 2023 | Meer Claudia MichelDirector | Sale | 4,400 | $0.24 | $1.1K | Form 4 |
| May 25, 2023 | Myrick Frederick JRExecutive Vice President | Buy | 20,000 | $0.61 | $12.2K | Form 4 |
| May 23, 2023 | Peck JeffreyChief Executive Officer | Buy | 50,000 | $0.56 | $28.0K | Form 4 |
| May 22, 2023 | Sullivan John PatrickChief Financial Officer | Buy | 50,000 | $0.49 | $24.5K | Form 4 |
| Sep 24, 2022 | d'Amato Michael PaulChief Strategy Officer | Buy | 10,000 | $1.97 | $19.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Jeffrey PeckSC 13D/A, 4 filings Mar 10, 2022 to May 31, 202440
- Anson Funds Management LPSC 13G, 1 filing Feb 14, 202441
- Ceyhun DemiralpSC 13G, 1 filing May 2, 202342
Money raised
Private offerings the company reported to the SEC on Form D.
- May 2, 2024Raised $50,000 in a private offering of equity Form D: 1 investor so far Form D
- Dec 12, 2023Raised $631,400 in a private offering of equity Form D: 2 investors so far Form D
- Dec 12, 2023Raised $3 million in a private offering of equity Form D: 2 investors so far Form D
- Nov 4, 2022Raised $12.5 million in a private offering of securities Form D: $25 million offered in all Form D
- Nov 18, 2021Raised $249,994 in a private offering of equity Form D: 1 investor so far Form D
- Oct 1, 2021Raised $16 million in a private offering of equity Form D: 49 investors so far Form D
SEC filer profile
How ISUN, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARISUN, INC.1
- CIK0001634447
- Employer ID (EIN)47-21501721
- Filer status<br>emerging growth company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)3674 Semiconductors & Related Devices1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address400 Ave D, Suite 10, Williston, VT 054951
- Phone802-658-33781
- Shares outstanding47,384,672 as of Apr 12, 20245
- Public float$11.5M as of Mar 31, 202443
- On EDGAR sinceMar 13, 20151
- Filings429 in all: 8-K (107), 4 (61), 10-Q (24), 3 (23), DEFA14A (18), SC 13G/A (14), SC 13G (13), UPLOAD (13)1
All 45 form types
CORRESP (12), DEF 14A (12), 4/A (10), PRE 14A (10), EFFECT (9), S-3 (9), 10-K (8), D (7), 424B3 (6), NT 10-Q (6), SC 13D/A (6), 424B5 (5), 8-K/A (5), 10-K/A (4), 3/A (4), NT 10-K (4), PRER14A (4), S-1/A (4), 25-NSE (3), PREM14A (3), SC 13D (3), 144 (2), 424B4 (2), 425 (2), S-3/A (2), S-8 (2), SEC STAFF ACTION (2), 424B7 (1), 8-A12B (1), CERTNAS (1), DEFM14A (1), DEFR14A (1), DRS (1), DRS/A (1), S-1 (1), S-4 (1), S-4/A (1)
- Latest filingsAnnual report (10-K) Apr 16, 2024
Quarterly report (10-Q) Nov 14, 2023
Proxy statement (DEF 14A) Jan 29, 2024
Latest 8-K (8-K) Jun 7, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARISUN, INC. filings on SEC EDGAR
- 2SEC EDGARISUN, INC. filings on SEC EDGAR
- 3
- 4
- 5SEC EDGARISUN, INC. 10-K for fiscal 2023
- 6SEC EDGARISUN, INC. 10-K for fiscal 2018
- 7SEC EDGARISUN, INC. 10-K for fiscal 2019
- 8SEC EDGARISUN, INC. 10-K for fiscal 2020
- 9SEC EDGARISUN, INC. 10-K for fiscal 2021
- 10SEC EDGARISUN, INC. 10-K for fiscal 2017
- 11SEC EDGARISUN, INC. 10-Q for fiscal 2023
- 12SEC EDGARISUN, INC. 10-Q for fiscal 2023
- 13
- 14
- 15SEC EDGARDaniel Reid Dus, President
- 16
- 17
- 18
- 19
- 20SEC EDGARClaudia Michel Meer, Board member
- 21
- 22SEC EDGARStewart I. Martin, Board member
- 23SEC EDGARDaniel Reid Dus, Board member
- 24SEC EDGARPhilip Politziner, Board member
- 25
- 26
- 27
- 28
- 29
- 30SEC EDGARListing notice or transfer
- 31SEC EDGARDebt or obligation accelerated
- 32
- 33
- 34
- 35
- 36SEC EDGARShareholder vote
- 37SEC EDGARExecutive or director change
- 38
- 39
- 40SEC EDGARJeffrey Peck SC 13D/A on ISUN, INC.
- 41
- 42SEC EDGARCeyhun Demiralp SC 13G on ISUN, INC.
- 43