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David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Shareholders In Last Night’s First Live Monthly Q&A Session He Has A Vision For The Company: $250 Million In Sales And A $25 Million Profit
Jul. 20, 2021 2:35 PM
Summary
David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Shareholders In Last Night’s First Live Monthly Q&A Session He Has A Vision For The Company: $250 Million.
David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), told shareholders in its first monthly live Q&A session last night that his dream for SIRC is to be a $250 million company with a $25 million profit. More immediately, he said SIRC is on track to reach $150 million in volume this FY. Massey said he intends to “spread around” management members who will host these sessions in the future to improve communications with the company's shareholders and total investment community. This session was audio-only, but Massey said in the future they would also be video/audio. The wide-ranging interview was held on a Discord channel. To sign up to attend future live Q&A sessions, go to MediaTek Discord at Join the MediaTek Discord Server! or www.discord.com to open a link to a free account.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Shareholders In Last Night’s First Live Monthly Q&A Session He Has A Vision For The Company: $250 Million In Sales And A $25 Million Profit
Shareholders and small cap investors peppered Massey with questions about where and how SIRC is headed, as the green energy company is fast-growing in solar, roofing, EV Charging Stations, rechargeable solar batteries, green energy agriculture and related categories.
Massey emphasized that he believes SIRC is in a great growth space — despite general economic issues such as inflation and COVID-19 — and is focused now on profitability, a national footprint and organic growth. The executive team is also focused on achieving an up listing first to the OTCQB and then, later, to NASDAQ. Massey said the company is also focusing efforts on its audit and future transition into a fully reporting company in anticipation of an up list initially to the OTCQB Venture Market. He sees an up list to NASDAQ later.
Massey told shareholders that he has no plans for a reverse split of SIRC’s stock. He believes SIRC’s stock is undervalued: “Our share price is depressed. But once our results come in, all that will change.” He added, “I’m very bullish. I think we're drastically undervalued.” David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Shareholders In Last Night’s First Live Monthly Q&A Session He Has A Vision For The Company: $250 Million In Sales And A $25 Million Profit.
“I have a vision for SIRC to be a $250 million company making a $25 million profit,” Massey said. “We are still looking at acquisitions, such as a Denver EV Charging Station firm, and are even considering ‘wind’ as a green energy category, but only if we could find the right partner.”
He discussed the positive ways that SIRC has expanded by acquiring companies such as Cornerstone Construction, Future Home Power (FHP) and its latest — the USA Solar Network. The last takeover is key to SIRC, Massey said, like opening 38 acquisitions at once with the takeover of US Solar Network — a solar energy and EV Charging Infrastructure company, headed by Pablo Diaz, CEO. Massey said the firm would expand SIRC’s sales by some 50-100% or $50 million per year in incremental growth at 16% gross margins as early as FY 2022.
Led by Diaz, the USA Solar Network has scaled into 37 states and key markets such as Texas, Florida, Illinois, Arizona, Missouri and New Mexico. Massey praised accomplishments of Pablo, particularly completing more than 7,000 solar projects to date, he said, and generating over $40 million in revenue since 2018. Read more about USA Solar Networks here.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) reported its sales reached $10+ million in June 2021, with recently-acquired Future Home Power (FHP) generating volume of $6+ million for the month. Because SIRC’s acquisition of FHP occurred on June 9, not all of its sales during the month will be recorded as SIRC’s sales. SIRC expects its record-breaking expansion and momentum to continue in the months ahead as it progresses towards its volume guidance of reaching $100 million in 12 month sales by May 31, 2022.
Massey said that with its newest acquisitions, and FHP driving sales growth, SIRC is on track to achieve total sales of some $150 million in the new fiscal year — surpassing the guidance it offered earlier to the investment community of $100 million for the 12 months ended May 31, 2022. SIRC is expected to reach profitability in its 2022 fiscal year, he said. David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Shareholders In Last Night’s First Live Monthly Q&A Session He Has A Vision For The Company: $250 Million In Sales And A $25 Million Profit.
Massey also said, “During the quarter we also focused efforts on our audited financials and transition to a fully reporting company in anticipation of an up list to the OTCQB Venture Market.
He revealed what many shareholders already knew, that the company has filed papers with FINRA (Financial Industry Regulatory Authority) to change its corporate name in the future. Massey said. He added that there has been a pause in announcing the name change.
He also commented on the federal government's new instant application software platform for instant approvals of solar permits: “It is not a game changer for us, by any means,” he said. “But it will make us more efficient.” David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Shareholders In Last Night’s First Live Monthly Q&A Session He Has A Vision For The Company: $250 Million In Sales And A $25 Million Profit.
Shareholders were interested if any outside companies were interested in acquiring SIRC. “Some companies have been sniffing around,” Massey said, “but we are focused on creating revenue internally, growing organically.” He noted that Ideanomics (NASDAQ: IDEX), which acquired 100% of SIRC JV partner, Soletrac, an electric tractor firm, would be an ideal candidate. “I think It would be a good fit,” Massey said. “if we got an audience with them."
Learn more about SIRC at Leadership - SIRC IR.
