$SIRC Solar Integrated Roofing Corp. Announces Record Second Quarter 2022 Preliminary Sales of $25 Million
EL CAJON, CA / ACCESSWIRE / September 15, 2021 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today preannounced preliminary unaudited record sales of $25 million for the three months ended August 31, 2021 and reaffirmed its financial guidance that revenues for the 12 months ended May 31, 2022 are expected to grow to at least $100 million.
"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," said David Massey, Chairman and Chief Executive Officer of Solar Integrated Roofing Corp. "Notably, the quarter's sales figures do not include a full quarter of revenue at scale from Future Home Power 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.
"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 uplisting to the Nasdaq thereafter.
"I look forward to sharing our full second quarter results in our future filings as we look ahead to the second half of the year, positioning ourselves for sustainable shareholder value creation over the long-term," concluded Massey.