Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sales Soar To Record $25 Mil-lion In Preliminary Volume For Q2, The Three Months Ended August 31, 2001, And Reaffirms Its Guidance For $100 Million In Sales For The 12 Months Ended May 31, 2022; SIRC Achieved $25 Million Sales Without Full Quarter At Scale Of Two Major Acquisitions

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

Solar Integrated Roofing Corp. (OTC PINK: SIRC) preliminary and unaudited sales soared to a record $25 million for Q2, the three months ended August 31, 2021, without full quarterly scale of two major acquisitions:  Future Home Power (FHP) and USA Solar Network, the Company announced today (Wednesday, September 15, 2021). In the future, SIRC sees sales doubling, according to Dave Massey, chairman and CEO of SIRC, as it realizes full quarterly scale sales from these two acquired firms. He added that strong, internally generated and organic growth driving SIRC’s sales were from its solar, roofing and EV Charging brands. He also asserted that the Company can achieve profitability this fiscal year.

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) Sales Soar To Record $25 Million In Preliminary Volume For Q2, The Three Months Ended August 31, 2001, And Reaffirms Its Guidance For $100 Million In Sales For The 12 Months Ended May 31, 2022; SIRC Achieved $25 Million Sales Without Full Quarter At Scale Of Two Major Acquisitions

Dave Massey, chairman/CEO of SIRC, said, “The second quarter of fiscal 2022 was highlighted by strong organic growth from our complementary solar, roofing and EV charging brands that drove record sales numbers. Notably, the quarter’s sales figures do not include a full quarter of revenue at scale from Future Home Power (FHP) or USA Solar Network — we believe we can double this quarter’s sales results going forward as we realize a full quarter of revenue from these acquisitions and continue our rapid pace of organic growth.”

Massey added, “Looking ahead, we are continuing to focus on our corporate streamlining program to decrease costs and further realize cost synergies across our family of companies. Given our record sales growth, we believe we can achieve profitability this fiscal year. Our results, in combination with our share buyback program, are increasing our capital markets momentum towards audit completion and filing an application to become listed on the OTC Market’s OTCQB® Venture Market in the near term, with the goal of up listing to the NASDAQ thereafter.”

The reason SIRC did not realize the quarterly full scale performance sales of FHP and USA Solar Network is because these acquisitions were not completed at the start of Q2 2021. In future quarters, SIRC will receive their full scale volume and the Company anticipates the results will be highly impacted. Dave Massey, chairman and CEO of SIRC, said he anticipates quarterly sales in the future “can double.” This would also be due to other factors, such as SIRC’s “rapid pace of organic growth,” he said. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sales Soar To Record $25 Million In Preliminary Volume For Q2, The Three Months Ended August 31, 2001, And Reaffirms Its Guidance For $100 Million In Sales For The 12 Months Ended May 31, 2022; SIRC Achieved $25 Million Sales Without Full Quarter At Scale Of Two Major Acquisitions.

SIRC has been focused on generating its own organic of internally generated sales increases and also achieving profitability by cutting costs as its streamlines its operations and achieves synergies from its family of companies. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sales Soar To Record $25 Million In Preliminary Volume For Q2, The Three Months Ended August 31, 2001, And Reaffirms Its Guidance For $100 Million In Sales For The 12 Months Ended May 31, 2022; SIRC Achieved $25 Million Sales Without Full Quarter At Scale Of Two Major Acquisitions.

FHP and USA Solar Network are notably significant as they feed more business resulting in solar/roofing installation transactions from leads while also attracting more installers/contractors anticipated to create more revenue for the Company. FHP develops leads through an intensive knock-on-doors campaign while USA Solar Network is part of a program in which SIRC will operate in-person meetings designed to attract more approved/vetted solar contractors and installers.

SIRC achieved a 600% sales jump in July over last year’s volume for the month, preliminary and unaudited numbers show. SIRC reported volume for July 2021 of $10.5 million — the highest per month sales totals for the company.

Earlier, David Massey, Chairman and CEO of SIRC, said the company is growing by acquisitions as well as internally-generated or organic growth. “The acquisitions drove annual revenues (last fiscal year) to a record $17.1 million and set us on a course to achieve at least $100 million in the twelve months ended May 31, 2022. Our focus on rapidly growing, high margin acquisitions has significantly grown sales, allowed us to now capture the full lifecycle of our customers, and brought new synergies and efficiencies across the SIRC family of companies. Due to this, we expect to achieve profitability in FY 2022.” He also predicts FY 2023 sales of some $250 million for SIRC.

Congress is in the final stages of preparing a final total infrastructure bill which calls for extended and additional solar tax credits.  To firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC), the infrastructure program is key to future renewable green spending — such as federal tax credits for solar installations. Biden has said he wants to double the number of solar panels in operation in the U.S. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sales Soar To Record  $25 Million In Preliminary Volume For Q2, The Three Months Ended August 31, 2001, And Reaffirms Its Guidance For $100 Million In Sales For The 12 Months Ended May 31, 2022; SIRC Achieved $25 Million Sales Without Full Quarter At Scale Of Two Major Acquisitions.

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

Source: Stock Market Press

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