Solar Integrated Roofing Corp Stock Price, News & Analysis

Solar Integrated Roofing Corp. (OTC:SIRC) has appointed Martin “Marty” McDermut as Chief Financial Officer. McDermut brings over 30 years of experience in financial leadership, focusing on SEC reporting and strategic planning, having previously served in CFO roles at various public companies, including Resonant Inc. His expertise is expected to help SIRC achieve its aim for a 2023 Nasdaq uplisting. CEO George B. Holmes expressed confidence in McDermut’s ability to enhance the company's financial operations and reporting.

Solar Integrated Roofing Corp. (OTC:SIRC) has appointed George B. Holmes as Co-Chairman and CEO, effective immediately. He brings over 35 years of technology executive experience, including leadership roles in multiple successful companies. David Massey will continue as Co-Chairman while the company prepares for its planned Nasdaq uplisting. Holmes aims to strengthen SIRC's executive team and enhance internal controls, focusing on operational execution and revenue growth to drive a successful uplisting in 2023.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) CEO David Massey discussed the company's impressive financial growth in a recent interview. For Q2 2022, SIRC reported a 746% revenue increase to $66.3 million with a net income of $18.9 million and anticipates over $225 million in revenues for the full year. The company is focused on expanding its management team and funding strategies, with an aim to become fully reporting and potentially uplist to a major exchange by 2023. Continued revenue growth is expected, with the CEO predicting that 2023 could be twice as successful as 2022.

Solar Integrated Roofing Corp. (OTC:SIRC) has appointed Stefan Abbruzzese as President, effective immediately, enhancing its leadership team. With over 25 years of experience in finance and operations, Abbruzzese aims to drive sustainable growth and national expansion. His previous role as COO at L Catterton involved significant operational integration, positioning him to leverage his expertise in the solar and roofing sectors. This appointment aligns with the company's strategy to enhance operational execution and pursue potential NASDAQ uplisting, contributing to long-term shareholder value.

Solar Integrated Roofing Corp. (OTC:SIRC) announced its participation in the upcoming Sequire Renewable Energy & Power Conference on September 29, 2022, at 9:30 a.m. Pacific time, and the LD Micro Main Event XV on October 25, 2022, at 4:30 p.m. Pacific time in Los Angeles. Management will conduct one-on-one meetings and present at both events. Live audio webcasts will be available for each presentation. Solar Integrated specializes in solar power, roofing systems, and EV charging solutions across the U.S. Visit www.solarintegratedroofing.com for more information.

Solar Integrated Roofing Corp. (OTC: SIRC) announced the filing of a Form 10 Registration Statement with the SEC to become a fully reporting company. This filing will take effect in 60 days, imposing compliance with U.S. GAAP and Exchange Act reporting requirements, thereby enhancing transparency for investors. CEO David Massey emphasized this milestone as a step towards attracting sophisticated investors and pursuing a NASDAQ uplisting, which aims to create long-term value for shareholders.

Solar Integrated Roofing Corp. (OTC: SIRC) reported impressive second-quarter results, achieving revenue of $66.3 million, a 746% increase from the previous year. Net income surged to $18.9 million, reversing a net loss from the same quarter in 2021. The company expanded its market reach and secured significant contracts, including a 5-year agreement with the U.S. General Services Administration for EV charging installations. With its transition to a fully reporting company, SIRC aims to uplist to a more prominent exchange, further enhancing growth prospects.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) announced its EV charging subsidiary, PLEMCo, will sponsor the Fully Charged Live event on September 10-11, 2022, in San Diego, CA. CEO Brad Rinehart will lead a panel on reducing carbon footprints through EVs and public charging networks. CEO David Massey highlighted the event's potential to enhance networking and stated that PLEMCo's inclusion in New York's Charge Ready program, along with recent multi-million dollar contracts in Los Angeles, positions the company for significant growth in EV charging revenues.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has launched an innovative solar financing product aimed at non-profit entities, developed in partnership with Renewable Energy Products Manufacturing (REPM). This low-income, no credit score financing only requires proof of timely electricity bill payments for the past six months. The joint venture allows SIRC to focus on solar system installations while REPM handles financing. This initiative could lead to the installation of solar systems for up to 100 non-profits in 2022, supporting organizations focused on climate change, homelessness, and education.