David Massey, Chairman And CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees SIRC Doing $250 Million In Sales In FY 2023 And Reporting “Monster” Revenues In Q3; Goal Is Becoming ‘Dominant’ Roofing Company On NASDAQ In The Future
David Massey, Chairman and CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), told shareholders and the investment community last night on a live Q&A online session that he sees SIRC doing $250 million in sales ‘next year” — fiscal 2023. He also anticipates the company reporting “monster’ revenues in Q3 of the current fiscal year — and he would like Q3 to be profitable. “All teams are at full speed,” he observed. Massey termed SIRC’s sales growth “unstoppable.” Long term, Massey sees SIRC becoming the ‘dominant roofing company” listed on NASDAQ within the next five years. He made the remarks on the live Q&A call on www.discord.com
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David Massey, Chairman And CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees SIRC Doing $250 Million In Sales In FY 2023 And Reporting “Monster” Revenues In Q3; Goal Is Becoming ‘Dominant’ Roofing Company On NASDAQ In The Future
Massey was joined on the live Q&A call by Pablo Diaz of USA Solar Network. Massey discussed with shareholders and investors that SIRC may change its name in the future to ‘US Energy Solutions.’ That name would reflect the national footprint SIRC has created with its growth and, also, the wide ranging alternative green energy businesses it is in — such as solar, roofing, EV Charging Stations, renewable batteries for solar, even agricultural solar, in a JV with an electric tractor company.
Shareholders loyal to the company have been waiting for SIRC to up list. Massey said on the Q&A online program that auditors at the company have told him they promise to complete their work by mid-September, or October 6, at the latest. “It is as important to us as it is to our shareholders,” Massey said.
Pablo Diaz, who recently joined SIRC with his USA Solar Network, described how the company is growing and scaling as the components of its platform is performing: “Our business model is dynamic. We ‘manage solutions’ — like Uber and Rocket Mortgage.” David Massey, Chairman And CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees SIRC Doing $250 Million In Sales In FY 2023 And Reporting “Monster” Revenues In Q3; Goal Is Becoming ‘Dominant’ Roofing Company On NASDAQ In The Future.
Massey stressed that his priorities now are continuing to grow SIRC’s sales, but also to cut costs and achieve profitability in the future. In terms of financials, Massey disclosed that SIRC has on hand now some $6 million in cash now and enjoys a sales backlog of some $20 million. Diaz explained in solar installations backlogs are not uncommon because “in solar, you always have components out of our control with utility companies. It can take two-to-three months for the pre-construction phase.” The money due in that part of pre-construction is listed as a receivable, he said.
Massey and Diaz were excited about creating the new JV partnership with SIRC hosting a series of monthly Solar Educational Events throughout the United States as part of a non-dilutive partnership JV agreement with American Contractor and ContractorCoachPRO, SIRC announced. The goal is to attract future contractors for SIRC subsidiary USA Solar Network. SIRC anticipates the program could generate $1.5 million in monthly recurring revenue per event from contractors who join the USA Solar Networks.
Under terms of the agreement, SIRC will begin hosting monthly complimentary Solar Educational Events in “solar-friendly” markets in September for prospective installers. They could either convert to or add solar to their business plan by joining SIRC subsidiary USA Solar Network. David Massey, chairman and CEO of SIRC, stressed that this agreement is non-dilutive. David Massey, Chairman And CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees SIRC Doing $250 Million In Sales In FY 2023 And Reporting “Monster” Revenues In Q3; Goal Is Becoming ‘Dominant’ Roofing Company On NASDAQ In The Future.
American Contractor LLC is an industry-specific media company focused on providing entertainment education to all contractors who want to achieve the “American Dream.” ContractorCoachPRO LLC is an industry-specific business consulting company focused on the home services contractor niche. ContractorCoachPRO has coached 300+ companies and generated over $3 billion in revenues over the past eight years, it said
David Massey, Chairman and CEO of SIRC, said, “We are targeting a monthly attendance of 50 contractors and project 20% of event attendees will choose to join us. If each contractor then contributes an average of five deals a month at an average of $40,500 per deal, each event could conservatively generate over $1.5 million in recurring revenue per month — which adds up quickly over several events.” He called American Contractor a “great media outlet” for the company.
Pablo Diaz said on the live Q&A last night that the Roofing Association of Texas has endorsed the program. “We vet everybody who joins the platform. Contractors with us are licensed, have good reviews and D&B ratings. We are offering them a customer cost-of-acquisitions of zero. Dealers go on a different type of vetting process. Everyone is vetted for operational consistency, documentation consistency.”
Diaz described the ‘dynamic’ model of SIRC as an alternative energy company. “The fastest way to cut carbon emissions is through solar,” he said. Massey added that 85-90% of the company’s solar business is residential, with the remainder is commercial. David Massey, Chairman And CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees SIRC Doing $250 Million In Sales In FY 2023 And Reporting “Monster” Revenues In Q3; Goal Is Becoming ‘Dominant’ Roofing Company On NASDAQ In The Future.
On the other side of SIRC’s business — the EV Charging Station dedicated division — Massey said that the company is optimistic about the over $100 million in grants it is currently applying for.
Diaz said that PLEMco., SIRC’s acquired EV Charging Station company — has a pipeline of so many state and federal projects that it is overwhelmed. “PLEMco is very active,” he said. David Massey, Chairman And CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees SIRC Doing $250 Million In Sales In FY 2023 And Reporting “Monster” Revenues In Q3; Goal Is Becoming ‘Dominant’ Roofing Company On NASDAQ In The Future.
Diaz described how the pending infrastructure deal is touching SIRC and its customers on multiple levels. He explained that its impact affects everything, from an extension on tax credits for solar installations, to the benefits for EV Charging Stations. “Everywhere, infrastructure touches us and benefits us and our customers.”
Diaz said joining SIRC, “Is a dream come true for me.”
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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