Business
SinglePoint Inc. Reports Fourth Quarter and Annual 2022 Financial Results Achieving ~$21.8 Million in FY2022
SinglePoint Inc. Reports Fourth Quarter and Annual 2022 Financial Results Achieving ~$21.8 Million in FY2022.
About this update from Singlepoint, Inc.
[{"type":"text","content":"\n\n\n\nSinglePoint Inc. Reports Fourth Quarter and Annual 2022 Financial Results Achieving ~$21.8 Million in FY2022\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\n\n\n\n\n\nSinglePoint Inc. Reports Fourth Quarter and Annual 2022 Financial Results Achieving ~$21.8 Million in FY2022\nPR Newswire\nPHOENIX, April 3, 2023\n\n\n\nRevenue of ~$21.8 million versus FY2021 Annual Revenue of ~$0.8 millionIncrease of Over 27 Times Year-over-Year Primarily Driven by Acquisition of Boston Solar and BPA SolutionsPHOENIX, April 3, 2023 /PRNewswire/ -- SinglePoint, Inc. (OTCQB: SING) (\"SinglePoint\" or the \"Company\"), is focused on providing renewable energy solutions, energy services, energy storage and innovative air purification and safety products, that improve the places we live, work and learn, and spend on average 90% of our time. SinglePoint is pleased to announce financial results for the full-year ended December 31, 2022, achieving ~$21.8 Million recorded revenue in FY2022.\n\n \n \n \n \n \n \n\n \nHighlights for the FY2022 Q4 and Full-Year of 2022:\nAcquired Boston SolarCompleted MGM Music Hall Solar Installation at Boston Red Sox Fenway ParkYear over year Boston Solar achieved ~40% growth from ~$17 million to ~$26 millionFY 2022 Q4 revenue was approximately $9.1 millionFY 2022 Annual Recorded Revenue increased to $21.8 million compared to $0.808 million. A revenue increase of approximately $20.9 millionBoston Solar contributed approximately $19.1 million in FY2022 Recorded Revenue since the closing of the acquisition (acquired April 21, 2022) to fiscal year ended '22.Box Pure Air/BPA Solutions contributed Revenue of approximately $2.3 million in FY2022BPA Solutions Received $5 million GAN from State of CaliforniaBPA Solutions Receives Approval for BuyBoard® in State of TexasBPA Solutions Receives CAGE number in State of Florida William Ralston, SinglePoint's Chairman and Chief Executive Officer, commented, \"Achieving $21.8 million is representative of the team's ability to execute fundamental strategic changes as outlined when I assumed th...