Solar Integrated Roofing Corp. Announces Record Second Quarter 2022 Preliminary Sales of $25 Million
EL CAJON, CA / ACCESSWIRE / September 15, 2021 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar and roofing installation company, today announced preliminary unaudited record sales of $25 million for the three months ended August 31, 2021 and confirmed its financial outlook that the revenue for the 12 months ended May 31, 2022 is expected to grow to at least $100 million.
“The second quarter of fiscal 2022 was highlighted by strong organic growth of our complementary solar, roofing and EV charger brands, which delivered record sales,” said David Massey, Chairman and Chief Executive Officer of Solar Integrated Roofing. Corp. sales numbers 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 our rapid pace of organic growth continue growth.
“Looking ahead, we continue to focus on our business streamlining program to reduce costs and further realize cost synergies across our family of companies. Given our record revenue growth, we believe we can become profitable this fiscal year. Our results, when combined with our share repurchase program, increasing the momentum of our capital markets towards completion of the audit and filing for short-term listing on the OTCQB® Venture Market of the OTC Market, with a view to moving 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 and position ourselves for sustainable long-term shareholder value creation,” said Massey.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar and rooftop installation platform specializing in commercial and residential real estate in the United States. The company serves communities by delivering the best experience through constant innovation and legacy-focused leadership. The company’s wide range of solutions spans the sale and installation of solar energy systems, backup batteries and charging stations for electric vehicles (EVs) to roofing, HVAC and related electrical installation work. For more information, visit the company’s website at: www.solarintegratedroofing.com.
Any statements in this press release that are not historical facts contain certain forward-looking statements; as that term is defined in the Private Security Litigation Reform Act of 1995, in reference to potential developments affecting the business, prospects, financial condition and other aspects of the business to which this release relates. Actual results of the specific items described in this press release, and the Company’s operations in general, may differ materially from those projected in such forward-looking statements. While such statements are based on the best judgment of the company’s management as of the date of this press release, significant differences in size, timing and other factors could arise from business risks and uncertainties, including, but not limited to, reliance on the business of third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of income and other factors, many of which are beyond the company’s control. The company disclaims any obligation to update the information in any forward-looking statement. This press release should not be regarded as a general request.
SOURCE: Solar Integrated Roof Corp.
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