Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Troy Clymer, COO, Tells TV’s ‘New To The Street’ That SIRC Will Apply For Up List To The OTCQX In March; Long Term Goal Is Listing On The NASDAQ


Troy Clymer, COO of Solar Integrated Roofing Corp.’s (OTC PINK: SIRC), tells TV’s ‘New To The Street’ host Jane King that SIRC will apply for an up list to the OTCQX exchange in March. OTCQX is regarded as the premier tier of the three OTC Markets, with Company’s approved for listing on it meeting more stringent reporting requirements. This reflects a change in plans for the Company, which prior had said it would apply initially for an up list to the OTCQB Board before a long term goal of applying for an up list to the NASDAQ exchange. 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.’s (OTC PINK: SIRC) Troy Clymer, COO, Tells TV’s ‘New To The Street’ That SIRC Will Apply For Up List To The OTCQX In March; Long Term Goal Is Listing On The NASDAQ

All of this comes after SIRC reported a record Q3 for fiscal 2022. Solar Integrated Roofing Corp. (OTC PINK: SIRC) announces 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. Its annual run rate is now approaching $200 Million, the Company said.

Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Troy Clymer, COO, Tells TV’s ‘New To The Street’ That SIRC Will Apply For Up List To The OTCQX In March; Long Term Goal Is Listing On The NASDAQ.

Clymer appeared on “New To The Street,’ with Pablo Diaz, president of SIRC. They made the newest presentation of the Company to host Jane King. At the end, Clymer said, “We’re looking forward to complete audits and become fully reporting and up list to the OTCQX by March. So we’ve changed our goal of just getting to QB and now we’re interested in getting to QX as soon as possible. And then as we have discussed with you our NASDAQ up listing shortly thereafter.”

He added that SIRC now has a ‘world class’ team and is attracting very large ‘marquee projects’ in addition to its core business. “We’re structuring our own capital right now, we really want to drive our shareholder value up, we’re engaging our shareholders very closely and as we finalize our year-over-year financials — in November we had just completed our audit — so now we’re auditing again as we up list to the QB, with the intent of up listing to QX. And then it will be a race to see how fast we can get to NASDAQ.”

David Massey, chairman and CEO, comments, “The third quarter of fiscal 20222 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.

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.

Helping the Company to achieve these dramatically improved financial results were these developments:

  • Entered into a $42 million equity purchase agreement with Arbiter Capital LLC to be used for share buybacks, acquisitions and to invest in continued organic growth, SIRC said.
  • Secured a lease agreement with Mohave Farms to build and operate a $36 million micro-grid project for a 20,000 acre farm near Kingman, Arizona. Mohave Farms is a Tier-1 multi-generational agriculture operator.
  • Partnered with Heartland Construction to provide electric vehicle charging station installations for Heartland solar projects. Heartland is a national alternative energy developer.
  • Formed a strategic partnership with Storm Ventures Group (SVG) and its SVG University to educate contractors within the SVG network on the benefits of adding solar to their service offering via SIRC’s USA Solar Networks subsidiary.
  • Partnered with RxSeed Coin founders to develop a cryptocurrency funding solution for humanitarian commercial solar projects. RxSeed Coin is a cryptocurrency asset listed on the Stellar Exchange.

An up listing application is subject to the approval of the OTC Markets and the satisfaction of applicable listing requirements, the Company said.

Earlier Massey added, “We believe our recent acquisitions, rapid sales growth, and transformation into a national brand will accelerate this goal. In addition, trading on this established public market will help to generate exposure of our Company among institutional investors.”

Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Troy Clymer, COO, Tells TV’s ‘New To The Street’ That SIRC Will Apply For Up List To The OTCQX In March; Long Term Goal Is Listing On The NASDAQ

Learn more about SIRC at

Source: Stock Market Press

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