Solar Integrated Roofing Corp (SIRC)

[creakyhottie]

Mr Walnuts

Hard to tell, as the new CEO's Letter to s/h contained this paragraph (emphasis mine):
"I am sure that our shareholders were as disappointed with our Q1 financial results as were the management team here at SIRC. We experienced
several headwinds in the quarter. Weather, which is usually reliable in SoCal, was much wetter than normal, affecting our roofing and solar divisions. NEM 3.0 also had what we are predicting is a short-term negative impact on residential solar sales. We ran into supply chain issues on one of our primary branded solar panels and had other supply challenges. We also had to reverse some cancelled residential solar sales, and we are
working to rebuild the company culture after SG&A consolidation and restructuring. These factors all negatively impacted our operating performance during the first quarter."

So I don't know how much has/had/will be reversed, and if the "culture" that needs changing is the aggressive reporting of sales or something else.