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SinglePoint Inc. Reports Second Quarter 2022 Results; Record Revenue Growth
SinglePoint Inc. Reports Second Quarter 2022 Results; Record Revenue Growth.
About this update from Singlepoint, Inc.
[{"type":"text","content":"\n\n\n\nSinglePoint Inc. Reports Second Quarter 2022 Results; Record Revenue Growth\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 Inc. Reports Second Quarter 2022 Results; Record Revenue Growth\nPR Newswire\nPHOENIX, Aug. 16, 2022\n\n\n\n-   Achieves $4.5 Million in Q2 revenue Compared to $400,000 in Q2 2021\nPHOENIX, Aug. 16, 2022 /PRNewswire/ -- SinglePoint Inc. (OTC:SING) (the \"Company,\" or \"SING\"), a solar energy and sustainable solutions provider, announced today the Company's second quarter 2022 results.\n\n \n \n \n \n \n \n\n \nQuarter Highlights\nRecord revenue of $4.5 million, up over 890% for the comparable period in 2021Gross profit of $3.2 Million in the second quarter compared to $0.3 million for the comparable period in 2021Boston Solar is Recognized as Top Contractor for 2022BOX Pure Air is recognized as the preeminent provider of California EANS funding to improve IAQ in schoolsExpecting multiple school orders to improve Indoor Air Quality (IAQ) for Q3 2022Management Commentary\nWil Ralston, CEO of SinglePoint, Inc., said, \"We are ecstatic with the execution of our entire team and the ensuing financial results. In our opinion, these stellar results validate everything our management, staff, and all our partners at each subsidiary have been working towards over the past year. The revenue growth is exceptional, and we expect to continue to see strong growth and further record revenues.\"\nRalston continued, \"Significantly, we want to point out these quarterly results are not representative of the full second quarter for Boston Solar as we closed this acquisition on April 21, 2022. On a full quarter basis, we would have recognized more than $5 Million in revenue for the quarter. We expect throughput at Boston Solar to increase throughout Q3, which means more installations completed and more revenue recorded. Boston Solar has already set records for new sales throughout the quarter. Combining with the expected orders for BOX Pure Air in Q3, we expect Q3 to be yet another major growth milestone fo...