#RenewableEnergy #Stock
#Solar Integrated Roofing (OTC: $SIRC) Implements Corporate Synergy Program,
Expects to Reach Profitability in 2021; @SIRCStock
EL CAJON, CA / September 8, 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, announced today that it has launched a strategic corporate streamlining program to decrease costs and further realize cost synergies across its family of companies, which when combined with its record sales growth, is expected to achieve profitability as early as the quarter ended August 31, 2021.
Read this news, featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/09081Corporate-Synergy-Program.asp
The program’s focus to reduce labor expenditures
and duplicative overhead will enable a more competitive, streamlined operating
model – better positioning the company to achieve profitability from its
current base of business. The leaner organizational structure is also expected
to improve communication flow and cross-functional collaboration, leveraging
more efficient business processes. The Company is targeting over $1 million in
annual cost savings to be realized by December 31, 2021.
“After our most recent acquisition, we turned
our attention to organic growth and accelerating the path to profitability,”
said David Massey, Chairman and Chief Executive Officer of Solar Integrated
Roofing Corp. “Our corporate synergy program’s chief goal will be to implement operating
best practices and remove redundancies across our family of companies. These
moves will help to simplify operations, improve execution and enable a more
competitive cost structure.
“The program is expediting our road to
profitability, supplemented by our robust sales growth in recent months. With
our sustained sales momentum, record setting sales in July and the busy fall
season ahead, we now expect to be cash flow positive and profitable in the
quarter ended August 31st. Combined with our recently announced
share buyback program, I believe we better positioned to create sustainable
value for our shareholders than any other time in our history as a public
company,” 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
Paid
News -Disclaimer/Disclosure: Investorideas.com is a digital publisher
of third party sourced news, articles and equity research as well as creates
original content, including video, interviews and articles. Original content
created by investorideas is protected by copyright laws other than syndication
rights. Our site does not make recommendations for purchases or sale of stocks,
services or products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investment involves risk and
possible loss of investment. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact each company directly regarding content and press release
questions. Disclosure is posted for each compensated news release, content
published /created if required but otherwise the news was not compensated for
and was published for the sole interest of our readers and followers.
Disclosure : this news release featuring SIRC is a paid for news release on
Investorideas.com More disclaimer
info: https://www.investorideas.com/About/Disclaimer.asp Learn more about
publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Please
read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About
Investorideas.com and http://www.renewableenergystocks.com/
https://www.investorideas.com/About/
Sign
up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Investors can trade these stocks and other ideas on our site using
our list of top
stock trading apps including
Robinhood, Acorn, Stash and others.
Get more Renewable Energy stock investor ideas - news, articles, podcasts and stock
directories
Posts
No comments:
Post a Comment