Sunworks, Inc. (SUNWQ)

Sunworks Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Sep 30, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash & Equivalents	2.2	7.81	19.72	38.99	3.15	3.63
Cash & Short-Term Investments	2.2	7.81	19.72	38.99	3.15	3.63
Cash Growth	-84.61%	-60.41%	-49.43%	1136.24%	-13.07%	-42.92%
Receivables	26.92	34.57	19.07	5.29	12.47	14.35
Inventory	16.38	26.4	10.22	1.18	2.97	3.23
Restricted Cash	0.25	0.25	0.32	0.35	0.39	0.45
Other Current Assets	3.56	5.82	4.15	0.14	0.28	0.15
Total Current Assets	49.3	74.85	53.48	45.94	19.25	21.81
Property, Plant & Equipment	7.52	6	7.1	0.89	2.02	0.85
Goodwill	6.19	32.19	32.19	5.46	9.46	9.46
Other Intangible Assets	4.3	6.71	7.91	-	-	-
Other Long-Term Assets	0.2	0.19	0.13	0.05	0.07	0.07
Total Assets	67.5	119.94	100.81	52.35	30.8	32.2
Accounts Payable	18.59	15.72	3.93	3.78	8.68	9.49
Accrued Expenses	-	8.85	7.2	3.58	2.55	2.37
Current Portion of Long-Term Debt	-	-	-	0.79	0.34	1.04
Current Portion of Leases	2.03	1.73	1.42	0.65	0.86	-
Current Unearned Revenue	19.28	24.96	12.2	6.26	5.37	5.13
Total Current Liabilities	39.9	51.26	24.75	15.05	17.79	18.02
Long-Term Debt	-	-	-	2.06	3.48	3.86
Long-Term Leases	4.22	3.15	2.05	0.05	0.64	-
Other Long-Term Liabilities	1.78	1.6	1.25	1.13	0.44	0.32
Total Liabilities	45.89	56	28.05	18.29	22.36	22.2
Common Stock	0.05	0.04	0.03	0.02	0.01	0
Additional Paid-In Capital	220.5	207.37	188	122.67	81.13	73.5
Retained Earnings	-198.94	-143.47	-115.26	-88.64	-72.7	-63.51
Total Common Equity	21.61	63.94	72.77	34.06	8.44	10
Shareholders' Equity	21.61	63.94	72.77	34.06	8.44	10
Total Liabilities & Equity	67.5	119.94	100.81	52.35	30.8	32.2
Total Debt	6.25	4.88	3.47	3.54	5.33	4.89
Net Cash (Debt)	-4.05	2.93	16.25	35.45	-2.18	-1.27
Net Cash Growth	-	-81.99%	-54.16%	-	-	-
Net Cash Per Share	-0.11	0.09	0.60	2.27	-0.49	-0.36
Filing Date Shares Outstanding	56.78	35.42	29.3	27.05	16.63	3.74
Total Common Shares Outstanding	48.93	35.37	29.19	23.84	6.81	3.73
Working Capital	9.4	23.6	28.74	30.89	1.46	3.79
Book Value Per Share	0.44	1.81	2.49	1.43	1.24	2.68
Tangible Book Value	11.12	25.04	32.67	28.59	-1.02	0.53
Tangible Book Value Per Share	0.23	0.71	1.12	1.20	-0.15	0.14
Machinery	-	2.61	5.49	1.42	1.49	1.5
Leasehold Improvements	-	0.46	0.44	0.42	0.45	0.45
Order Backlog	-	87	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.