EL CAJON, CA - July 15, 2021 (www.waternewswire.com) Solar 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 its preliminary, unaudited sales for the month of June 2021 totaled a company record of over $10.0 million.
The record sales month was driven by strong industry tailwinds supporting organic growth as well as the addition of revenue from recent acquisitions. Future Home Power sold over $6.0 million during June demonstrating the effectiveness of their lead generation capabilities. Due to the acquisition of Future Home Power closing on June 9, 2021, not all sales will be recorded as Solar Integrated Roofing revenue. The Company expects the recent record-breaking expansion and momentum to continue in the months ahead as favorable seasonal trends develop and bring the Company to its short-term target of $100 million in annual sales.
"The rapid pace of immediately accretive acquisitions during the year significantly increased our month-to-month sales figures," said David Massey, Chief Executive Officer of Solar Integrated Roofing Corp. "This milestone stands as a testament to the value inherent to our historical rollup strategy, as sales in acquired companies often outpaced expectations. In the near-term, with our most pressing acquisitions complete, we will turn our focus to optimizing profitability within the SIRC family of companies. I believe we are well positioned for continued operational execution in the strong seasonal months ahead, creating sustainable value for our shareholders over the long-term."
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.
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.
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