Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Sales Tripling In 2020 After Re-cent Acquisitions Of The Montross Companies And McKay Roofing
Tickers: Solar Integrated Roofing Corp. (OTC PINK:SIRC), Apple Inc. (NASDAQ: AAPL), Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), SinglePoint, Inc. (OTCQB: SING), Canadian Solar Inc. (NASDAQ:CSIQ), Tesla, Inc. (NASDAQ:TSLA).
New York, NY Sep. 23, 2019 — Stock Market Press is a leading financial news company that delivers up to date news. News on the wires today includes Solar Integrated Roofing Corp’s
(OTC PINK:SIRC) projection that its sales will triple in 2020, according to Dave Massey, CEO, following the company’s recent acquisition of The Montross Companies in addition to its takeover of McKay Roofing. According to MarketWatch, SIRC reported FY2019 sales of $4.9 million. In addition we talk about Aurora Cannabis, Inc. (NYSE:ACB) (TSX: ACB), Apple Inc. (NASDAQ: AAPL), Tesla, Inc. (NASDAQ:TSLA), Canadian Solar Inc. (NASDAQ:CSIQ).
Solar Integrated Roofing Corporation (OTC PINK:SIRC) Projects Montross and McKay Acquisitions Will Triple 2020 Sales
Dave Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK:SIRC), predicted that the company’s sales would triple in FY 2020 after its recent takeovers of Montross and McKay.
Massey said, “Montross is a fourth-generation company which will add more than $3 million in revenues to our top line annually,” in an article in PR Newswire reported by Yahoo! Finance. “This deal, along with the previously completed McKay acquisition, will triple our revenues for 2020. In addition, each acquisition brings with them a valuable database of thousands of existing and previous customers which SIRC plans to cross-market its solar solutions to.” He estimated that Montross would boost SIRC’s top line revenues by greater than $3 million annually.
He added that Montross was first contractor for the California Apartment Association to win both ‘Individual” and “Company of the Year” at the Greater Excellence In Management and Maintenance Awards (GEMM).
McKay Roofing is a 40-year-old San Diego-based company with annual revenues of $5 million, according to a company announcement earlier this month of the acquisition on the Bloomberg site. Massey said in the article that McKay has a 40% gross margin on its sales and has a database of some 30,000 clients. He estimated that McKay would boost SIRC’s monthly revenues by a range of 15-25%.
Tesla Files For Two Solar Panel Patents To Speed Installation
Tesla, Inc. (NASDAQ:TSLA), as reported in an article by magazine Roofing Contractor, has filed for two patents which could address the speed of installation of its solar roofs. In this red hot solar market, Tesla seeks to change the current wiring protocol, reducing the need for time needed for calibration and measuring, it reports.
With a goal of manufacturing about 1,000 solar panels a week, the article said, Tesla’s new patents would enable it to scale production.
Apple Inc.’s (NASDAQ: AAPL) latest iPhone models lured long lines around the company’s flagship store on Fifth Avenue, according to a report by Bloomberg. Tim Cook, CEO of the company, was in person at the opening. The store had been closed for renovation.
Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), a leading cannabis company headquartered in Edmonton, Alberta, has set its annual meeting for November 8. It will be held at the Renaissance Hotel by the Edmonton International Airport.
Aurora is vertically integrated and horizontally diversified across every segment of the value chain. This includes cannabis breeding and genetics research. It also produces hemp and cannabis. It also has wholesale and retail distribution.
SinglePoint, Inc. (OTCQB: SING), a technology and investment company, has announced that in its 10Q filing for the quarter ended June 30, 2019 its sales grew to $856,859 from $311,237 the same period the prior year. It praised the performance of its Direct Solar subsidiary.
Canadian Solar Inc. (NASDAQ:CSIQ) is the subject of a Zacks Equity Research analysis. CSIQ is a member of the Oils-Energy sector. According to the article, the company’s earnings outlook is improving and analyst sentiment is stronger.
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