Breaking #Renewable/ #Solar #Stock News- Solar
Integrated Roofing (OTC: $SIRC) Sees
Record $3.3 Million Revenues Third Quarter-To-Date, Over 50% Increase
Year-Over-Year; @SIRCStock
EL CAJON, Calif., November 18, 2020 -- Breaking renewable energy/solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems installation company, announced today that it has realized record revenue quarter-to-date, seeing revenues of greater than $3.3 million for the months of September and October 2020.
Read this news
featuring SIRC in full at https://www.investorideas.com/news/2020/renewable-energy/11182SIRC-Q3.asp
“The
third quarter of 2020 has been highlighted by continued growth of our highly
complementary solar and roofing businesses,” said David Massey, Chief Executive
Officer of Solar Integrated Roofing Corporation. “With supportive industry
trends driving increased solar adoption and our significant cross selling
opportunities across solar, battery backup installation, roofing and related
HVAC/electrical contracting work, we have driven what I expect to be a record
third quarter, with year-over-year revenue growth in excess of 50% to $3.3
million at an expected 40% gross margin for the months of September and October
2020.
“As
we continue to achieve scale through acquisition, such as our recently
announced HVAC acquisition or potential future Enerev acquisition after the
completion of our 30-day joint venture, I would expect continued
record-breaking results for us as we fully realize the immense cross-selling
benefits that face us today,” concluded Massey.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation
(OTC: SIRC), is an integrated, single-source solar power and roofing systems
installation company specializing in commercial and residential properties in
the Southern California market. For more information, please visit the
Company’s website at www.solarintegratedroofingcorp.com.
Forward-Looking Statements
Any statements made in this press
release which are not historical facts contain certain forward-looking
statements; as such term is defined in the Private Security Litigation Reform
Act of 1995, concerning potential developments affecting the business,
prospects, financial condition and other aspects of the company to which this
release pertains. The actual results of the specific items described in this
release, and the company’s operations generally, may differ materially from
what is projected in such forward-looking statements. Although such statements
are based upon the best judgments of management of the company as of the date
of this release, significant deviations in magnitude, timing and other factors
may result from business risks and uncertainties including, without limitation,
the company’s dependence on third parties, general market and economic
conditions, technical factors, the availability of outside capital, receipt of
revenues and other factors, many of which are beyond the control of the
company. The company disclaims any obligation to update the information
contained in any forward-looking statement. This press release shall not be
deemed a general solicitation.
Investor Relations Contact:
Lucas A.
Zimmerman
Senior Vice
President
MZ North
America
Main:
949-259-4987
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