Total revenue for first quarter 2022 was approximately $1.5M, over six times higher than first quarter 2021
Subsequent to the end of Q1 2022 SinglePoint completed acquisition of Boston Solar as part of its national solar installation roll-up strategy.
Boston Solar expected to deliver minimum FY2022 Annual Revenue of $25M in residential and small commercial installations
BOX Pure Air well positioned to benefit from the White House-led “Clean Air In Buildings Challenge” which provides guidelines and highlights approximately $350B to improve health in indoor air environments
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PHOENIX, May 17, 2022 /PRNewswire/ — SinglePoint, Inc. (OTCQB:SING) (“SinglePoint” or “the Company”), a renewable energy and sustainable solutions provider, reported financial and operational results for the first quarter ending March 31, 2022. Total revenue for first quarter 2022 was $1.5 million, approximately 6.5x greater than first quarter 2021.
SinglePoint Logo (PRNewsfoto/SinglePoint Inc.)
SinglePoint is empowering people to create better, safer and more sustainable living environments.
SinglePoint strives to be the premier choice for residential and small commercial customers who are looking for renewable energy, including solar energy, energy storage and wholesale energy solutions. SinglePoint is initially focused on building the largest vertically integrated network for the sale and installation of solar panels to the residential and commercial markets. Additionally the company provides a best in class indoor air quality (“IAQ”) solution currently addressing schools and offices.
We believe that there is a massive market opportunity within the industry to build a national solar energy and storage installation network that places importance on the lifetime value of the customer. Our energy vision of the future is to provide our customers the option to be in control of rising electricity costs by providing the ability to create their own energy independence through implementation of a renewable energy strategy starting with solar. We will continue adding accretive products and services for our customers to meet this goal, such as being able to directly purchase electricity in deregulated markets and to store and eventually distribute excess energy back to the grid from the places we live and work. By continuing to identify complementary products and services such as portable indoor air purification products that improve the quality of life by providing healthy indoor air, we are empowering people to create better, safer and more sustainable living environments.
SinglePoint CEO, Wil Ralston commented on first quarter results, “The first quarter demonstrated that we are beginning to see results from our business units, these quarterly results were primarily driven by BOX Pure Air. We expect the other divisions to provide more meaningful revenue contributions throughout the remainder of the year, but we consciously shifted some planned internal solar expansion capital to increasing our sales efforts at BOX Pure Air. Given the amount of federal funding and recent heightened awareness about the once-in-a-lifetime opportunity to enhance Indoor Air Quality (IAQ). We are committed to providing the appropriate resources to take full advantage of …….