Business
SinglePoint Announces 2023 Q2 Financial Results with a 79% Increase in Revenue to $8.14 Million
SinglePoint Announces 2023 Q2 Financial Results with a 79% Increase in Revenue to $8.14 Million.
About this update from Singlepoint, Inc.
[{"type":"text","content":"\n\n\n\nSinglePoint Announces 2023 Q2 Financial Results with a 79% Increase in Revenue to $8.14 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nSinglePoint Announces 2023 Q2 Financial Results with a 79% Increase in Revenue to $8.14 Million\nPR Newswire\nPHOENIX, Aug. 16, 2023\n\n\n\nGross Profit of $2.7 Million for 2023 Q2 vs. $1.3 Million for 2022 Q2\nPHOENIX, Aug. 16, 2023 /PRNewswire/ -- SinglePoint Inc. (OTCQB:SINGD), (the Company), a provider in renewable energy, energy supply and air purification, announced operating results for the period ending June 30th 2023. On August 16th 2023, the 20 day period will conclude and the stock symbol will revert to SING. In the intervening period during the corporation action there has been incorrect information across multiple platforms leading to confusion and believed trading anomalies or inefficiencies. Shareholders should rely on the information published in the quarterly financials.\n\n \n \n \n \n \n \n\n \nQ2 Company Highlights\nRecord Second Quarter Revenue: $8,149,480 as compared to $4,534,681 in the same period of 2022, a 79% increase$29,568,686 Trailing 12 Month RevenuePositive GAAP Gross Profit: a 103% increase compared to same period last yearNet Loss decreased ~59% vs. same period last yearCommercial solar is performing very well and gaining tractionSuccessfully improved gross margin through targeted initiativesStrong reputation, well established team and diversification across residential and commercial are enabling Boston Solar to weather some of the external factors impacting the solar marketBoston Solar recognized as Top Solar Contractor 8th year in a row by Solar Power WorldWil Ralston, CEO of SinglePoint, Inc., said \"Boston Solar has done a fantastic job continuing to accelerate in what has been a challenging year for SinglePoint in the public markets. Their continued dedication and commitment to high growth showcases the resilience of our teams. The Company has now delivered multiple quarters of strong, consistent growth and will continue to press forward building a s...