David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC) Tells ‘New To The Street’ SIRC Audit Will Be Completed By Late August Or Mid-September, Then Plans To File For Up List To OTCQB Immediately; He Predicts A $100+ Million FY 2022 And $200 Million FY 2023
David Massey, CEO of SIRC, tells host Jane King on “New To The Street” that SIRC will complete its audit by late August or mid-September then immediately file for an up list to the OTCQB exchange. He predicted that SIRC would record sales of $100+ million in FY 2022 and then double again to $200 million by FY 2023. The company will begin to focus now on its EV Charging Station business, with Massey declaring, “That industry is really starting to grow, and we’re going to grow with it.” See the complete interview here.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC) Tells ‘New To The Street’ SIRC Audit Will Be Completed By Late August Or Mid-September, Then Plans To File For Up List To OTCQB Immediately; He Predicts A $100+ Million FY 2022 And $200 Million FY 2023
David Massey, CEO of SIRC, said, “The audit has been a long process. We’re at the tail end of that now. The auditors are here in San Diego. We’re working on it diligently. We’re very confident it will be done by the end of August, worst possible case, by the middle of September. And then we’re going to immediately apply for the up list to the QB (OTCQB) exchange.”
He explained the future of the Company in terms of sales growth is going to explode into much higher territory. After achieving sales in the last closed fiscal year of $17 million — a little more than five times growth from the prior year — it sees significantly higher volume ahead. “In FY 2022 we’re very confident that we will break the $100 million mark this year and double the following year with $200 million in FY 2023 without really buying any more companies,” Massey said.
He also explained the roles contributed by SIRC’s two newest acquisition: Future Home Power (FHP) and USA Solar Power. He expressed delight with FHP’s initial $6 million in sales in June, and then said the acquisition of how USA Solar Network is fundamentally changing SIRC. David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC) Tells ‘New To The Street’ SIRC Audit Will Be Completed By Late August Or Mid-September, Then Plans To File For Up List To OTCQB Immediately; He Predicts A $100+ Million FY 2022 And $200 Million FY 2023.
Massey said the acquisition of USA Solar Network comes with its team of sales and install teams and greatly expands SIRC’s national footprint: “The US Solar Network comes with 77 sales teams and 36 install teams and puts us in 38 states. It will change our entire model. We won’t have to do acquisitions now. It will change everything for us.”
Massey added that as SIRC’s solar/roofing sector is growing well, the company will now begin focusing on its EV said. As the electric car industry and EV Charging Station business grows, SIRC intends to grow with it: “As that industry really has to grow, we’re going to grow with it.” David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC) Tells ‘New To The Street’ SIRC Audit Will Be Completed By Late August Or Mid-September, Then Plans To File For Up List To OTCQB Immediately; He Predicts A $100+ Million FY 2022 And $200 Million FY 2023.
Massey concluded: “Everything is on plan. Everything is going very well.” David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC) Tells ‘New To The Street’ SIRC Audit Will Be Completed By Late August Or Mid-September, Then Plans To File For Up List To OTCQB Immediately; He Predicts A $100+ Million FY 2022 And $200 Million FY 2023.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) said earlier that it considers its 600% jump in record July sales to $10.5 million as the “tip of the iceberg.” The 600% jump vs. the comparable month the prior year breaks the Company’s June 2021 all-time monthly record. David Massey, CEO of SIRC, said, “The incredible sales growth we saw in July is just the tip of the iceberg as our marketing campaigns and recently acquired companies are just starting to kick in — I believe we can continue this rapid cadence of sequential growth in the historically busy fall season.”
He explained that “our biggest months are July, August, September and October.” He added, “As we look inwards to prioritize organic growth and key marketing initiatives get underway, I believe we will be well positioned to achieve our goal of realizing synergies with scale and reaching a sustainable level of profitability,” he said.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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