Bulletin
Investor Alert

July 29, 2021, 8:32 a.m. EDT

Solar Integrated Roofing Corp.'s (otc pink:SIRC) Focus On Organic/Internally Generated Volume Key To Future Growth As Company Expands In Green Renewable Energy Spaces, Such As Solar, Roofing, EV Charging Stations, Rechargeable Batteries And Green Agriculture

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    SunRun Inc. (RUN)
  • X
    Blink Charging Co. (BLNK)
  • X
    General Motors Co. (GM)

or Cancel Already have a watchlist? Log In

Jul 29, 2021 (Stock Market Press via COMTEX) -- Solar Integrated Roofing Corp. (OTC PINK: SIRC), in moves designed to grow organic/internal expansion from within its own infrastructure, has focused on several transactions which will increase its own volume driven by its own sales leads in the renewable energy spaces of solar, roofing and related sectors. It plans to acquire by July 31, 2021 multi-media platform Approved Home Pros, and its proprietary Pro Finder tool contractor referral service. The purchase is anticipated to drive $11 million in organic volume to SIRC's annual revenues, the company said. Approved Home Pros is expected to provide SIC's family of companies with a high volume of high value leads. Prior it had acquired Future Home Power (FHP) a major driver of internal sales leads, succeeding as a company which delivers to other SIRC companies its closed sales in the solar/roofing sector.

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. /zigman2/quotes/205021014/composite RUN -3.46% , Blink Charging Co. /zigman2/quotes/205311237/composite BLNK -5.31% , Tesla, Inc. (NASDAQ: TSLA), GM /zigman2/quotes/205226835/composite GM +0.60% , SolarEdge Technologies, Inc. /zigman2/quotes/207754270/composite SEDG -3.08% , First Solar, Inc. /zigman2/quotes/209356097/composite FSLR -2.46% , SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. /zigman2/quotes/204241548/composite ROCK -2.15% , Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Focus On Organic/Internally Generated Volume Key To Future Growth As Company Expands In Green Renewable Energy Spaces, Such As Solar, Roofing, EV Charging Stations, Rechargeable Batteries And Green Agriculture

David Massey, CEO of SIRC, said, "Approved Home Pros was a major factor in the sustained growth and brand power of Mulholland Electric, Inc. (which was acquired by SIRC in 2020). Now, we can leverage this proven asset to generate added revenue for several of our holdings. Additionally, Approved Home Pros TV, Radio and Digital platforms provide avenues to deliver the marketing message of all the brands in the SIRC family." The end result is designed to be more organic or internally generated volume from SIRC's own sales leads to its member companies.

Approved Home Pros is a multi-platform producer of popular home improvement television and radio shows based around their proprietary Pro Finder contractor screening, vetting and referral services. It is anticipated that it will fuel some $11 million in added organic growth annual revenue in the core categories for SIRC of residential solar and roofing. In addition, Approved Home Pros also drives revenue from TV, radio and other digital platforms in home improvement categories not already serviced by SIRC.

Massey discussed the positive ways that SIRC has expanded by acquiring companies such as Cornerstone Construction, Future Home Power (FHP) and the 38-state USA Solar Network. The last takeover is key to SIRC, Massey said, like opening 38 acquisitions at once with the takeover of US Solar Network -- a solar energy and EV Charging Infrastructure company, headed by Pablo Diaz, CEO. Massey said the firm would expand SIRC's sales by some 50-100% or $50 million per year in incremental growth at 16% gross margins as early as FY 2022. Read more about USA Solar Networks here.

At FHP, SIRC has a sales/marketing company that drive internal completed sales to the SIRC family of companies. Solar Integrated Roofing Corp. (OTC PINK: SIRC) reported its sales reached $10+ million in June 2021, with recently-acquired Future Home Power (FHP) generating volume of $6+ million for the month. Because SIRC's acquisition of FHP occurred on June 9, not all of its sales during the month will be recorded as SIRC's sales. SIRC expects its record-breaking expansion and momentum to continue in the months ahead as it progresses towards its volume guidance of reaching $100 million in 12 month sales by May 31, 2022.

In total, SIRC's sales are on track to reach $150 million now for FY 2022, Massey said. His vision is for SIRC to be a $250 million company with a $25 million profit, he told shareholders during its recent first live monthly Q&A sessions in the future to improve communications with the company's shareholders and total investment community. The wide-ranging interview was held on a Discord channel. To sign up to attend future live Q&A sessions, go to MediaTek Discord at http://discord.com/invite/mediatek or www.discord.com to open a link to a free account.

Massey emphasized that he believes SIRC is in a great growth space and is focused now on profitability, a national footprint and organic growth. The executive team is also focused on achieving an up listing first to the OTCQB and then, later, to NASDAQ. Internal or organic growth is as important growth strategy for Massey and SIRC, not just growth by acquisition. The Approved Home Pros acquisition is a prime example of its clear strategy for organic growth in the future, as it anticipates $11 million in incremental volume built by leads from that company's proprietary Pro Finder 'tool' to locate and hire contractors who have successfully passed their own screening and vetting system.

Additionally, as a multi-platform media company in television, radio and digital platforms, Approve Home Pros can not only provide valuable sales leads in the core categories of solar and roofing to SIRC, but also increased outside company exposure to more home improvement shopping consumers.

Massey said that with its newest acquisitions, and FHP driving sales growth, SIRC is on track to achieve total sales of some $150 million in the new fiscal year -- surpassing the guidance it offered earlier to the investment community of $100 million for the 12 months ended May 31, 2022. SIRC is expected to reach profitability in its 2022 fiscal year, he said.

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: http://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press

COMTEX_390605666/2617/2021-07-29T08:32:05

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/205021014/composite
US : U.S.: Nasdaq
$ 43.02
-1.54 -3.46%
Volume: 4.59M
Sept. 24, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.86 billion
Rev. per Employee
$108,493
loading...
/zigman2/quotes/205311237/composite
US : U.S.: Nasdaq
$ 29.08
-1.63 -5.31%
Volume: 1.93M
Sept. 24, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.23 billion
Rev. per Employee
$68,464
loading...
/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 52.23
+0.31 +0.60%
Volume: 11.64M
Sept. 24, 2021 4:00p
P/E Ratio
6.04
Dividend Yield
0.00%
Market Cap
$75.82 billion
Rev. per Employee
$790,226
loading...
/zigman2/quotes/207754270/composite
US : U.S.: Nasdaq
$ 275.36
-8.75 -3.08%
Volume: 396,154
Sept. 24, 2021 4:00p
P/E Ratio
109.46
Dividend Yield
N/A
Market Cap
$14.39 billion
Rev. per Employee
$459,758
loading...
/zigman2/quotes/209356097/composite
US : U.S.: Nasdaq
$ 91.15
-2.30 -2.46%
Volume: 2.19M
Sept. 24, 2021 4:00p
P/E Ratio
17.30
Dividend Yield
N/A
Market Cap
$9.69 billion
Rev. per Employee
$531,634
loading...
/zigman2/quotes/204241548/composite
US : U.S.: Nasdaq
$ 66.50
-1.46 -2.15%
Volume: 110,983
Sept. 24, 2021 4:00p
P/E Ratio
34.17
Dividend Yield
N/A
Market Cap
$2.17 billion
Rev. per Employee
$441,839
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.