Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces $100 Million Pre-liminary 12 Month Revenue Guidance As It Continues To Grow Rapidly, Creating A Platform Company Which Generates Acquisitive And Organic Growth On All Fronts
Solar Integrated Roofing Corp. (OTC PINK: SIRC) today (May 20, 2021) announces at least $100 million preliminary 12 month revenue guidance through May 31, 2022, reflecting its rapid growth both through acquisitions and organically. David Massey, CEO of SIRC, said the company could grow volume even further in this time period if SIRC continues to populate its acquisition pipeline. SIRC has been rolling up roofers and solar and battery installers creating a true platform company as well as shoring up its back office and sales efficiencies/capabilities to scale nationwide, he said.
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).
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces $100 Million Preliminary 12 Month Revenue Guidance As It Continues To Grow Rapidly, Creating A Platform Company Which Generates Acquisitive And Organic Growth On All Fronts
David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), said, “We accelerated our rapid pace of acquisitions in 2021, rolling up roofers as well as solar and battery installers — creating a true platform company with the back office and sales capabilities to scale nationwide. When taking into account our recently acquired companies, we’ve built a significant customer base across the SIRC family of companies. While there is seasonality inherent to our business and the revenue will not be divided evenly month to month, we expect that we will generate at least $100 million of revenue over the next 12 months with the acquisitions we have announced to date.”
If SIRC Further Populates Its Acquisition Pipeline, The $100 Million Guidance Figure Could Grow
Massey added, “We are realizing both acquisitive and organic growth on all fronts while minimizing dilution. Looking ahead, we continue to populate our acquisition pipeline which could further grow this $100 million revenue guidance figure. I look forward to continued operational execution in the months ahead, working closely with our team to create sustainable value for our shareholders over the long-term.” Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces $100 Million Preliminary 12 Month Revenue Guidance As It Continues To Grow Rapidly, Creating A Platform Company Which Generates Acquisitive And Organic Growth On All Fronts.
The company pointed out that final recognized revenue is subject to SIRC’s annual and quarterly audits and will, accordingly, be released with the company’s audited financial statements and related annual and quarterly reports once fully reporting.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) recently signed a binding letter of intent (LOI) to continue its renewable energy buying spree and acquire San Diego, Ca.-based Future Home Power, a fast-growing solar and battery storage sales company. David Massey, CEO of SIRC, said Future Home Power would serve as SIRC’s “business development arm” driving a robust project flow for installers already working for the company’s portfolio of roofing and solar firms. Massey believes Future Home Power can scale to a $1 million per week volume flow at 45%+ gross margins as early as June 2021.
Massey: Future Home Power Is A “True Up And Comer” In The Solar And Battery Storage Business
Massey said, “Future Home Power generated over $7 million since inception (founded in late 2020 by Jason Newby) with between 10 and 15 sales representatives — since scaling to 30 with plans to reach 60 sales representatives by the end of May.” He added, “Future Home Power is a true up and comer in the solar and battery storage business. Jason and his team have quickly earned a strong reputation for providing customers a smooth, simple process for solar panel and battery storage consultation and installation.”
Earlier, SIRC had acquired Cornerstone Construction, which is based in South Carolina and operates as a roofer/solar installer and consultant in five markets/states — giving SIRC a national geographic footprint in the industry. Prior, SIRC had purchased Enerev, LLC, a roofing/solar installer. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces $100 Million Preliminary 12 Month Revenue Guidance As It Continues To Grow Rapidly, Creating A Platform Company Which Generates Acquisitive And Organic Growth On All Fronts.
For its EV Charging Station dedicated division, SIRC acquired Pacific Lighting Management Co. (or PLEMco.) As Its First Purchased Firm In This Fast-Growing Industry. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces $100 Million Preliminary 12 Month Revenue Guidance As It Continues To Grow Rapidly, Creating A Platform Company Which Generates Acquisitive And Organic Growth On All Fronts.
To ensure all these portfolio of SIRC companies operate efficiently and generate cost savings via operating efficiencies, the Company also acquired Balance LLC — which provides back room critical services such as estimating, billing and other administration functions. Balance LLC will offer parent SIRC and its subsidiaries efficiency in scaling and important synergies for existing and new acquisitions. It will leverage its newly unified back room capabilities to SIRC as a Business Process Outsourcing (BPO) firm to unify back office functions to maximize synergies among SIRC’s growing subsidiary portfolios.
David Massey, CEO of SIRC, said, “We are pleased to have closed our acquisition of Balance so rapidly, providing the critical backend needed to support our aggressive acquisition strategy. Troy Clymer, who heads up Balance, will prove invaluable as we scale — implementing best practices across all SIRC portfolio companies to ensure efficient processes and maximum synergy realization.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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