Solar Integrated Roofing Corp (SIRC)

[Wrangler1]

It is still in a show me stage imo. $2M revenues in August is a great number. My gut tells me Q2 comes in shy of $5M based on the language they have used in their PR’s. How shy I don’t know, maybe $4.7M (just using gut). They really focused on August saying they did $2M with $400K in net profit, which is awesome, with no mention of June or July. They also have $5M in pre sales for Q3, so there are great catalysts at play here. While they said they have $5M in sales in the pipeline that should be fulfilled in Q3 they have not projected revenues. Based on $2M run rate in August Q3 should be no no less than $6M. I am thinking 6 month market cap at 1.25x of $24M annual sales which would be $30M cap, or stock price of $.20. If we hit .20 by EOY I will be elated. It all comes down to execution and turning all these projections into actual reportable numbers. I want to know more about their capacity and how long it takes to get a job done once a customer places an order. I say all of this without knowing how they will fund acquisitions and what the corresponding share count will be.