Private company

Sunworks, Inc.

Sunworks, Inc. is an American miscellaneous electrical machinery company based in Santa Barbara.2

Last updated Oct 20, 2026.

Overview

  • IndustryMiscellaneous Electrical Machinery, Equipment & Supplies2
  • HeadquartersSanta Barbara, United States2
  • Incorporated inDE3
  • Business address1030 Winding Creek Road, Suite 100, Roseville, Ca 956783
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300LGWVGT6Q975H592
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O DELAWARE SECRETARY OF STATE, 19901 Dover, United States2
  • Registered withDivision of Corporations, Department of State, 34847242

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

44.0%Gross margin4
-17.4%Operating margin4
-17.4%Net margin4
60.1%Revenue growth, 20224
-44.1%Return on equity4
-$28.8MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue56¢$90.6M
  • Other costs44¢$71.2M
  • Income tax0¢$94.0K

Out of $161.9M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$161.9M in 2022+87% since 2016
0$50.0M$100.0M$150.0M$200.0M2016: $86.4M$86.4M20162017: $77.4M$77.4M2017−10%2018: $71.0M$71.0M2018−8%2019: $59.8M$59.8M2019−16%2020: $37.9M$37.9M2020−37%2021: $101.2M$101.2M2021+167%2022: $161.9M$161.9M2022+60%
Gross profit567894$71.3M in 2022+223% since 2016
0$20.0M$40.0M$60.0M$80.0M2016: $22.1M$22.1M20162017: $13.7M$13.7M2017−38%2018: $12.3M$12.3M2018−10%2019: $6.7M$6.7M2019−46%2020: $8.0M$8.0M2020+20%2021: $40.8M$40.8M2021+409%2022: $71.3M$71.3M2022+75%
Operating income567894-$28.2M in 2022+252% since 2016
-$30.0M-$20.0M-$10.0M02016: -$8.0M-$8.0M20162017: -$6.3M-$6.3M2017−21%2018: -$5.2M-$5.2M2018−18%2019: -$8.3M-$8.3M2019+62%2020: -$15.2M-$15.2M2020+83%2021: -$29.2M-$29.2M2021+92%2022: -$28.2M-$28.2M2022−3%
Net income567894-$28.2M in 2022+201% since 2016
-$30.0M-$20.0M-$10.0M02016: -$9.4M-$9.4M20162017: -$7.2M-$7.2M2017−23%2018: -$5.7M-$5.7M2018−21%2019: -$9.2M-$9.2M2019+60%2020: -$15.9M-$15.9M2020+74%2021: -$26.6M-$26.6M2021+67%2022: -$28.2M-$28.2M2022+6%
Fiscal year2016201720182019202020212022
Revenue$86.4M5$77.4M6$71.0M7$59.8M8$37.9M9$101.2M4$161.9M4
Cost of revenue$64.3M5$63.8M5$58.7M7$53.2M8$29.9M9$60.4M4$90.6M4
Gross profit$22.1M5$13.7M6$12.3M7$6.7M8$8.0M9$40.8M4$71.3M4
Research and development
Operating expenses$70.0M4$99.5M4
Operating income-$8.0M5-$6.3M6-$5.2M7-$8.3M8-$15.2M9-$29.2M4-$28.2M4
Interest$66.0K6$36.0K7$36.0K7
Income before tax-$26.6M4-$28.1M4
Income tax$94.0K4
Net income-$9.4M5-$7.2M6-$5.7M7-$9.2M8-$15.9M9-$26.6M4-$28.2M4
Earnings per share-$0.465-$0.326-$1.617-$2.077-$0.994-$0.864
Earnings per share (diluted)-$0.465-$0.326-$1.617-$2.077
Shares (weighted, basic)26.9M shares432.8M shares4

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Corporate structure

Sunworks, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sunworks, Inc.

  • VANGUARD GROUP INC Filed SC 13G/A on Sunworks, Inc., latest Feb 13, 2024 (2 filings since Feb 9, 2023)
  • Invesco Filed SC 13G/A on Sunworks, Inc., latest Apr 11, 2022 (2 filings since Jan 10, 2022)
  • Sunworks, Inc. Santa Barbara, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sunworks, 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

ItemLatestA year beforeChange
Property and equipment, before depreciation$6.5M4 Dec 31, 2022$5.9M4 Dec 31, 2021+9.1%
Accumulated depreciation$4.3M4 Dec 31, 2022$2.7M4 Dec 31, 2021+57.7%
Property and equipment, net$2.2M4 Dec 31, 2022$3.2M4 Dec 31, 2021−32.6%
Finance-lease assets$2.5M4 Dec 31, 2022$1.4M4 Dec 31, 2021+76.8%
Operating-lease assets (leased space)$2.8M4 Dec 31, 2022$2.5M4 Dec 31, 2021+11.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.8M4 Dec 31, 2022$19.7M4 Dec 31, 2021−60.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$32.2M4 Dec 31, 2022$32.2M4 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$5.3M4 Dec 31, 2022$7.9M4 Dec 31, 2021−33.1%
Finite-lived intangibles, gross$15.6M4 Dec 31, 2022$15.6M9 Dec 31, 20210%
Accumulated amortization-$8.9M4 Dec 31, 2022-$5.1M9 Dec 31, 2021−73.0%
Finite-lived intangibles, net$6.7M4 Dec 31, 2022$10.5M9 Dec 31, 2021−35.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$26.4M4 Dec 31, 2022$10.2M4 Dec 31, 2021+158.4%

Leadership

Who has led Sunworks, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Roland F. Bryan2006–2010
  2. James B. Nelson2013–2017
  3. Abraham Richard Emard2015
  4. Charles F. Cargile2017–2019
  5. Gaylon Morris2021–2023
  6. Mark Trout2023–2024

Chair

  1. James B. Nelson2017–2018

President

  1. Roland F. Bryan2006–2011
  2. James B. Nelson2014–2016
  3. Jason Scott Knapp2021–2022

Chief financial officer

  1. Roland F. Bryan2006–2011
  2. Tracy M. Welch2015–2016
  3. Paul Clayton McDonnel2016–2019
  4. Philip A. Radmilovic2018–2019
  5. Jason Lee Bonfigt2021–2024

Chief operating officer

  1. Abraham Richard Emard2016–2018
2010201520202025
Board members and other officers (19)

Former names

  • SOLAR3D, INC.Oct 7, 2010 to Feb 26, 20163
  • MACHINE TALKER INCMay 8, 2002 to Jul 5, 20053
  • MACHINETALKER INCApr 9, 2002 to Oct 6, 20103

Timeline

  1. Feb 14, 20248-K Bankruptcy or receivership; Listing notice or transfer41
  2. Feb 6, 20248-K Bankruptcy or receivership; Executive or director change42
  3. Jan 8, 20248-K Executive or director change43
  4. Dec 12, 20238-K Executive or director change44
  5. Nov 13, 20238-K Results of operations45
  6. Oct 18, 20238-K Executive or director change46
  7. Oct 3, 20238-K Listing notice or transfer47
  8. Sep 26, 20238-K Shareholder vote48
  9. Aug 28, 20238-K Entered a material agreement; Ended a material agreement49
  10. Aug 14, 20238-K Results of operations50
  11. Aug 11, 20238-K Entered a material agreement; Other events51
  12. Aug 8, 20238-K Results of operations52
  13. Jul 10, 2023New chief executive Mark Trout becomes CEO12
  14. Jan 13, 2021New chief executive Gaylon Morris becomes CEO13
  15. May 19, 2017New chief executive Charles F. Cargile becomes CEO14
  16. Jan 23, 2015New chief executive Abraham Richard Emard becomes CEO15
  17. Oct 17, 2013New chief executive James B. Nelson becomes CEO16
  18. Jan 30, 2006New chief executive Roland F. Bryan becomes CEO17
  19. Jan 30, 2002Founded Sunworks, Inc. is founded2

Calendar

When it reported results

  1. Nov 13, 2023Reported quarterly or annual results45
  2. Aug 14, 2023Reported quarterly or annual results50
  3. Aug 8, 2023Reported quarterly or annual results52
  4. Mar 10, 2023Reported quarterly or annual results53
  5. Nov 8, 2022Reported quarterly or annual results54
  6. Aug 9, 2022Reported quarterly or annual results55
  7. May 16, 2022Reported quarterly or annual results56
  8. Mar 11, 2022Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

125 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 29 major events, 64 insider forms, 4 large holders, 18 other. The latest 20:

  1. Apr 9, 202425-NSE EDGAR
  2. Feb 14, 20248-K EDGAR
  3. Feb 13, 2024SC 13G/A SCHEDULE 13G/A EDGAR
  4. Feb 6, 20248-K EDGAR
  5. Jan 18, 20244 EDGAR
  6. Jan 8, 20248-K EDGAR
  7. Jan 8, 20244 EDGAR
  8. Dec 21, 20234 EDGAR
  9. Dec 19, 20234 EDGAR
  10. Dec 12, 20238-K EDGAR
  11. Dec 8, 20234 EDGAR
  12. Dec 7, 20234 EDGAR
  13. Dec 7, 20234 EDGAR
  14. Dec 7, 20234 EDGAR
  15. Dec 7, 20234 EDGAR
  16. Dec 6, 20234 EDGAR
  17. Nov 20, 20234 EDGAR
  18. Nov 13, 20238-K EDGAR
  19. Nov 13, 202310-Q EDGAR
  20. Nov 8, 20234 EDGAR

The 125 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: 6 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 14, 2022Bonfigt Jason LeeChief Financial OfficerBuy1,000$1.81$1.8KForm 4
Jun 13, 2022Morris GaylonChief Executive OfficerBuy10,000$1.90$19.0KForm 4
Jun 13, 2022Bonfigt Jason LeeChief Financial OfficerBuy2,500$1.90$4.8KForm 4
Mar 16, 2022Morris GaylonChief Executive OfficerBuy10,000$3.11$31.1KForm 4
Mar 16, 2022Bonfigt Jason LeeChief Financial OfficerBuy5,000$3.05$15.2KForm 4
Mar 16, 2022McCullough Patrick Clement Jr.DirectorBuy10,000$3.11$31.1KForm 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.

SEC filer profile

How Sunworks, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSunworks, Inc.1
  • CIK0001172631
  • Employer ID (EIN)01-05922991
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1030 Winding Creek Road, Suite 100, Roseville, CA 956781
  • Phone(916) 409-69001
  • Shares outstanding56,784,147 as of Nov 13, 202311
  • Public float$51.7M as of Jun 30, 202260
  • On EDGAR sinceApr 9, 20021
  • Filings668 in all: 4 (196), 8-K (138), 10-Q (48), 3 (32), CORRESP (23), UPLOAD (20), 10-K (15), D (15)1
    All 47 form types

    NT 10-Q (14), 424B5 (12), SC 13D (12), 4/A (9), 8-K/A (9), DEF 14A (9), 10QSB (8), SC 13G (8), 10-Q/A (6), 425 (6), DEFA14A (6), NT 10-K (6), REGDEX (6), SB-2/A (6), 10-K/A (5), DEF 14C (5), PRE 14A (5), PRE 14C (5), REGDEX/A (5), EFFECT (4), S-3 (4), S-8 (4), SC 13G/A (4), 10KSB (3), 5 (2), D/A (2), PRER14C (2), S-3/A (2), SC 13D/A (2), 10QSB/A (1), 10SB12G (1), 15-12G (1), 25-NSE (1), 8-A12B (1), CERTNAS (1), DEFM14A (1), DEFR14C (1), PRER14A (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Mar 10, 2023
    Quarterly report (10-Q) Nov 13, 2023
    Proxy statement (DEF 14A) Aug 28, 2023
    Latest 8-K (8-K) Feb 14, 2024

Sources

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