Solar Integrated Roofing Corp Stock Price, News & Analysis

Solar Integrated Roofing Corp. (OTC PINK: SIRC) announced its participation in the LD Micro Invitational XI virtual investor conference, scheduled for June 8-10, 2021. The company's management will deliver a presentation on June 9, 2021, at 1:30 p.m. EDT, in Track 3. Investors can access a live audio webcast and an archive of the presentation via a provided link. Solar Integrated Roofing specializes in solar power and roofing solutions across the U.S., offering services such as solar energy systems installation and electric vehicle charging stations.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has appointed Muthla AlSayer as an independent director to its board, effective immediately. AlSayer, a technology leader with over 20 years of experience, is expected to significantly contribute to the company’s strategies for sustainable revenue growth and profitability. Her appointment fulfills the requirement for two independent directors essential for the company’s uplisting to the OTCQB. CEO David Massey expressed enthusiasm for AlSayer's expertise in operations, finance, and business development as vital for scaling the company’s solar and roofing solutions nationwide.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) announced preliminary revenues are expected to reach at least $100 million for the 12 months ending May 31, 2022. The CEO highlighted the company's rapid acquisition strategy of roofing and solar installers, which has built a significant customer base. The company is focused on both acquisitive and organic growth while minimizing shareholder dilution. The final revenue figures will be confirmed upon completion of annual audits. The company specializes in solar energy systems, roofing, and related electrical contracting work.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) announces a binding Letter of Intent to acquire Future Home Power, a solar and battery storage sales company. Founded in late 2020, Future Home Power has generated over $7 million in revenue and plans to scale its sales team to 60 representatives. The acquisition is expected to be immediately accretive, potentially resulting in over $1 million in weekly sales with gross margins exceeding 45% shortly after closing. This strategic move aims to enhance lead generation capabilities and drive project flow for SIRC's subsidiaries.

Solar Integrated Roofing Corp. (OTC:SIRC) has completed the acquisition of Balance, LLC, a Business Process Outsourcing (BPO) firm. The acquisition enhances SIRC's back-office capabilities to support its growth strategy. Founded in 2015, Balance has established relationships with over 900 contractors, managing more than 30,000 jobs nationwide. CEO David Massey emphasized the importance of this acquisition for scaling operations and maximizing synergies across the company’s portfolio. This strategic move aims to drive long-term value creation for shareholders.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has announced the withdrawal of its Form 10 registration statement due to incomplete audits of recent acquisitions. The board determined that without these audits, the filing could not be effective. The company aims to finalize the audits of acquired entities and refile the Form 10 once updated financials are ready. Concurrently, SIRC is pursuing an uplist to the OTCQB Venture Market, which is expected to enhance liquidity and visibility for shareholders.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has appointed Don Lewis as Senior Vice President of Mergers & Acquisitions, effective May 3, 2021. Lewis brings over 30 years of financial executive experience, having participated in over 50 M&A transactions across various industries. His leadership aims to enhance SIRC's M&A strategy, focusing on revenue scaling and synergistic growth. CEO David Massey emphasized the importance of M&A in expanding market share and maximizing shareholder value. Lewis's experience is expected to strengthen SIRC's transition into a national brand.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has partnered with Coinbase Commerce to accept cryptocurrency payments at its subsidiary, Cornerstone Construction. This integration allows the acceptance of multiple cryptocurrencies, including Bitcoin and Ethereum, enhancing payment options for customers. The CEO, David Massey, highlights the potential for cost savings and reduced fraud risks. If successful, this initiative may expand to other subsidiaries, aiming to attract a younger, affluent customer base and improve shareholder value.

Solar Integrated Roofing Corp. (OTC:SIRC) announced a term sheet to acquire Balance, LLC, a leading Business Process Outsourcing firm for contractors. Founded in 2015, Balance has over 900 contractor clients and manages key administrative functions for more than 30,000 jobs. This strategic acquisition aims to enhance operational efficiency and drive significant cost synergies by integrating Balance's seasoned team into SIRC's back-office operations. The move is expected to bolster SIRC's annual recurring revenue and expedite its journey towards profitability.