#Solar #Stocks
Earnings: (OTC: $SIRC) Solar Integrated Roofing Third Quarter Revenue Surges
Over 130% to Record $5.3 Million; @SIRCStock
EL
CAJON, Calif., December 17, 2020 -- Breaking renewable energy stock news from Investorideas.com Newswire and RenewableEnergyStocks.com - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated,
single-source solar power and roofing systems installation company, announced
today that it’s preliminary, unaudited third quarter fiscal 2021 revenues totaled
a record $5.3 million.
Read this news, featuring SIRC in full at https://www.investorideas.com/news/2020/renewable-energy/12171Solar-Integrated-Roofing-Q3.asp
The
record revenue in the third quarter of fiscal 2021 represents over 130%
year-over-year growth from $2.3 million in the third quarter of fiscal 2020,
driven by continued operational execution and cross-selling synergies across
the Company’s core business lines.
“I
am proud of our entire team, whose hard work across our growing company has
driven yet another record quarter,” said David Massey, Chief Executive Officer
of Solar Integrated Roofing Corporation. “As we continue to expand our
complementary businesses, which now includes a dedicated EV charging division
to address growing installation and service opportunities on the west coast, I
believe we are better positioned for growth than at any prior time in our
history.
“We
continue to see exciting acquisition opportunities in markets we operate in, as
well as in complementary adjacent markets, at attractive multiples. With
services now spanning solar, battery backup, EV charging, roofing installation,
HVAC work and electrical contracting, we are well positioned to tackle
increasingly large opportunities – such as entire new residential developments
with our builder partners throughout California. I look forward to continued
aggressive growth going into the fourth quarter and beyond,” concluded Massey.
About Solar
Integrated Roofing Corp.
Solar Integrated
Roofing Corporation (OTC: SIRC), is an integrated, single-source solar power
and roofing systems installation company specializing in commercial and
residential properties in the Southern California market. For more information,
please visit the Company’s website at www.solarintegratedroofingcorp.com.
Forward-Looking
Statements
Any statements
made in this press release which are not historical facts contain certain
forward-looking statements; as such term is defined in the Private Security
Litigation Reform Act of 1995, concerning potential developments affecting the
business, prospects, financial condition and other aspects of the company to
which this release pertains. The actual results of the specific items described
in this release, and the company’s operations generally, may differ materially
from what is projected in such forward-looking statements. Although such
statements are based upon the best judgments of management of the company as of
the date of this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including, without
limitation, the company’s dependence on third parties, general market and
economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update the information
contained in any forward-looking statement. This press release shall not be
deemed a general solicitation.
Investor Relations Contact:
Lucas A.
Zimmerman
Senior Vice
President
MZ North
America
Main:
949-259-4987
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