Solar Stock News -
SinglePoint (Cboe: $SING) CEO Releases Shareholder Letter Overviewing 2023 and
Successful Listing on Cboe BZX Exchange; @_Singlepoint_
Successfully Uplisted to Cboe BZX Exchange December
15, 2023
Year to Date Revenue Crossing $30 million
Completed $4,000,000 Underwritten Offering Capital
Raise
PHOENIX, AZ - December 21, 2023
(Investorideas.com Newswire) SinglePoint Inc. (Cboe:SING)
a leading renewable solar energy and sustainable solutions provider releases
shareholder letter overviewing 2023 and Successful listing on Cboe BZX
Exchange.
Read this news, featuring SING in
full at https://www.investorideas.com/news/2023/renewable-energy/12211SING-Cboe-BZX-Exchange.asp
Dear Shareholders,
As we approach the end of a tough yet
remarkable year, I am pleased to share a comprehensive overview of Singlepoint
Inc.'s significant strides and achievements for 2023. This year has been
pivotal in our journey, marked by our largest success to date, becoming a
listed Company on the Cboe Global Market BZX Exchange. This amongst additional
milestones and significant improvements in financial performance, underscores
our commitment to achieving the goals we set forth.
Strategic Uplisting to Cboe BZX
Exchange
One of the most noteworthy
developments this year has been our transition from the OTCQB market to the
Cboe BZX Exchange. Commencing December 15, 2023, SinglePoint Inc. began trading
under the ticker symbol (SING). This move is not just a milestone in our
corporate evolution, it represents our commitment to growth, increased
transparency, and making our Company more accessible to a broader range of
investors, including institutional participants. This single accomplishment
paves the way for SinglePoint to accelerate the acquisition strategy we have
defined over the last 18 months. Becoming a listed Company eliminates what has
historically been our most significant barrier to executing our strategy.
I am confident in saying 2024 will be
SinglePoints' best year to date. It was an honor to participate in the opening
bell ceremony at the Cboe Global Markets Exchange on December 15, 2023. This
momentous occasion not only symbolized our successful listing but also
highlighted our expanding presence in the renewable energy sector.
Financial Highlights and Growth
Trajectory
Our financial performance in 2023 has
been nothing short of exceptional. In the second quarter, we achieved a
record-breaking 79% increase in revenue, totaling $8,149,480 compared to
$4,534,681 in the same period of 2022. This is a testament to our teams and the
effort they continue to put in through what has been a tumultuous year in both
solar and the over markets. We expect to see continued organic growth, with
acquisitions driving accelerated growth numbers.
Furthermore, our performance in the
third quarter continued this positive trajectory. We reported a gross revenue
of $6,914,934 for the quarter ending September 30, 2023. Our year-to-date
revenue nearing $21 million is a clear indication of our consistent performance
and successful execution of our strategic business plans.
Looking Ahead
As we reflect on these significant
achievements, it's clear that 2023 has been a transformative year for
SinglePoint Inc. Our uplisting to the Cboe BZX Exchange, participation in the
Cboe opening bell ceremony, and the strong financial results are clear
indicators of our dedication and fortitude. We are poised for continued success
in the renewable energy sector and anticipate sustaining this momentum in the
forthcoming years.
I would like to express my sincere
gratitude for your continued support and belief in SinglePoint Inc. We remain
steadfast in our commitment to delivering value and look forward to sharing our
ongoing progress with you.
Wil Ralston
CEO, SinglePoint Inc.
Contact
SinglePoint Inc.
888-682-7464
Forward-Looking Statements
Certain statements in this news
release may contain forward-looking information within Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934
and are subject to the safe harbor created by those rules. All statements,
besides statements of fact included in this release, including, without
limitation, statements regarding revenue projections, financing opportunities,
potential plans and objectives of the Company, anticipated growth, and future
expansion, are forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements.
Technical and other complications,
which may arise, could prevent the prompt implementation of any strategically
significant plan(s) outlined above. The Company undertakes no duty to revise or
update any forward-looking statements to reflect events or circumstances after
the date of this release.
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