#RenewableEnergy #Stock
News- Solar Integrated Roofing (OTC: $SIRC) Announces Record Second Quarter
2022 Preliminary Sales of $25 Million; @SIRCStock
EL CAJON, CA / September 15, 2021 / 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, today preannounced preliminary unaudited record sales of $25 million for the three months ended August 31, 2021 and reaffirmed its financial guidance that revenues for the 12 months ended May 31, 2022 are expected to grow to at least $100 million.
Read this news, featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/09151SIRC-Record-Q2.asp
“The second quarter of fiscal 2022 was
highlighted by strong organic growth from our complementary solar, roofing and EV
charging brands that drove record sales numbers,” said David Massey, Chairman and
Chief Executive Officer of Solar Integrated Roofing Corp. “Notably, the
quarter’s sales figures do not include a full quarter of revenue at scale from
Future Home Power or USA Solar Network – we believe we can double this
quarter’s sales results going forward as we realize a full quarter of revenue
from these acquisitions and continue our rapid pace of organic growth.
“Looking ahead, we are continuing to focus on
our corporate streamlining program to decrease costs and further realize cost
synergies across our family of companies. Given our record sales growth, we
believe we can achieve profitability this fiscal year. Our results, in combination
with our share buyback program, are increasing our capital markets momentum
towards audit completion and filing an application to become listed on the OTC
Market's OTCQB® Venture Market in the near-term, with the goal of uplisting to
the Nasdaq thereafter.
“I look forward to sharing our full second
quarter results in our future filings as we look ahead to the second half of
the year, positioning ourselves for sustainable shareholder value creation over
the long-term,” concluded Massey.
About
Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC:SIRC), is
an integrated, single-source solar power and roofing systems installation
platform company specializing in commercial and residential properties
throughout the United States. The Company serves communities by delivering the
best experience through constant innovation & legacy-focused leadership. The Company's
broad array of solutions include sales and installation of solar energy
systems, battery backup and electric vehicle (EV) charging stations to roofing,
HVAC and related electrical contracting work. For more information, please
visit the Company's website at www.solarintegratedroofing.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
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us
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