Solar Integrated Roofing Corp. (OTC PINK: SIRC) Plans To File Audited Financial Statements For The Year Ended Dec. 31, 2021, On April 4, 2022; SIRC Changing Fiscal Year To Align With Calendar Year And Submits Change In Corporate Name To SolarEV For Approval By FINRA

Posted March 30, 2022

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NASDAQ:CSIQ, NYSE: CHPT, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

Solar Integrated Roofing Corp. (OTC PINK: SIRC) announces today (March 30, 2022) that it intends to file audited financial statements for the year ended December 31, 2021 on April 4, 2022 as it changes its fiscal year to align with a calendar year. This will be reflected in the new financial statements scheduled to be filed. SIRC also anticipates filing to FINRA for approval a corporate name change to SolarEV, to better reflect its increased emphasis on the solar and EV Charging segments of its business. The new financial documents will be available for viewing on the OTC Markets website.

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), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), 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) Plans To File Audited Financial Statements For The Year Ended Dec. 31, 2021, On April 4, 2022; SIRC Changing Fiscal Year To Align With Calendar Year And Submits Change In Corporate Name To SolarEV For Approval By FINRA

The company anticipates its corporate name change will be approved by FINRA in the coming weeks as part of its planned rebranding to better reflect an increased emphasis on solar and EV charging.

David Massey, chairman and CEO of SIRC, said, “Finalizing our audited 2021 financial results is an important milestone for us as we continue our transition towards becoming a fully reporting company with the U.S. Securities and Exchange Commission.

Massey also said, “This filing is a required step towards our planned NASDAQ up listing as well, which will help to raise our profile within the investment community by improving liquidity and broadening our shareholder base.

“Taken together with our name change to SolarEV and a strategic shift towards prioritizing an over $30 million electric vehicle (EV) charging project and $20.2 million EV charging project backlog, we believe we are positioning the company for another historic and record-breaking year,” Massey concluded.

Earlier, Solar Integrated Roofing Corp. (OTC PINK: SIRC) announced a Q3 fiscal 2022 964% record sales jump to $48.2 million from $4.5 million the comparable period the prior year. SIRC also sees itself ‘substantially exceeding’ its earlier forecast of $100 million revenue for the 12 months ended May 31, 2022. Massy, Chairman and CEO of SIRC, also announced that the company anticipates changing its name to SolarEV.

David Massey, chairman and CEO, commented, “The third quarter of fiscal 2022 was highlighted by record revenue of $48.2 million, driven by seamless integration of our rapidly growing, high-margin acquisitions and our evolution into a truly national brand.

“The rapid pace of our acquisitions, partnerships and organic sales growth has enabled this incredible record revenue achievement, and we aim towards substantially exceeding our fairly conservative guidance for $100 million in revenue in the twelve months ended May 31, 2022.

“However, this is only a fraction of the run-rate I believe we can achieve by the end of this calendar year with significant sequential growth throughout CY 2022. It is impossible for me to overstate what a triumphant accomplishment this quarter represents, serving as both a milestone and a turning point in the company’s history,” he adds.

Massey added earlier, “While our record quarter clearly demonstrates proven success in solar, we intend to redouble our efforts to become an equally dominant, national player in the EV charging space, with an eye towards exponential, dual-industry growth and an improved focus on generating shareholder value.”

Details of the SIRC financials for Q3 fiscal 2022 include:

Gross profit for SIRC increased 2,372% to $25.2 million, of 52% of total revenues in the third quarter of fiscal 2022. That compares to $1 million, or 22% of total revenues, in the same year-ago quarter.
Total operating expenses for Q3 of fiscal 2022 were $7.1 million vs. total operating expenses of $1.6 million for the same year-ago quarter. The increase was primarily attributable to increased operational scale, driven by s series of acquisitions made in the preceding year, SIRC said.
Net income for Q3 fiscal 2022 was $18.4 million compared to net loss of ($0.6 million) in Q3 for fiscal year 2021.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Plans To File Audited Financial Statements For The Year Ended Dec. 31, 2021, On April 4, 2022; SIRC Changing Fiscal Year To Align With Calendar Year And Submits Change In Corporate Name To SolarEV For Approval By FINRA

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock

Safe Harbor Statement:

Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press

Ruchika Gupta

Ruchika Gupta is a writer for Stock Market Press, covering technology, energy, cannabis, finance, biotech and industrials, among other sectors. She holds a maters's degree in English and produces financial and business content for a range of media outlets.