Revenue during the quarter dropped 10.98 percent to $17.56 million from $19.73 million in the previous year period. Gross margin for the quarter contracted 5 basis points over the previous year period to 26.97 percent. Operating margin for the quarter stood at negative 32.24 percent as compared to a positive 8.63 percent for the previous year period.

Operating loss for the quarter was $5.66 million, compared with an operating income of $1.70 million in the previous year period.

Jim Nelson, Sunworks chief executive officer commented, "Our sales have increased nearly 90% in the first nine months of this year demonstrating our increasingly strong position in the solar market. We continue to invest in our business and are experiencing momentum in expanding our addressable market. We also strengthened our board of directors, our management team and enhanced our organization so that we can more effectively scale our business and capitalize on growth opportunities. During the third quarter, we doubled the size of our commercial sales team by investing in a world-class, experienced sales group with a proven track-record to drive sales. We also made investments to license Sunworks in new markets, added experienced professionals to penetrate new vertical end- markets, joined associations that directly influence markets we serve, and again invested in equipment, personnel and systems that are critical to support our accelerated long-term growth strategy. Although these investments negatively impacted our profitability during the third quarter of this year, we are confident that they are part of a foundation that will drive continued robust growth and market share gains in the future."