Singlepoint Inc. Reports Third Quarter 2023 Results

PHOENIX, AZ / ACCESSWIRE / November 15, 2023 / SinglePoint Inc., (OTCQB:SING), a leader in solar energy and air purification solutions, reported Gross Revenue of $6,914,934 for the quarterly period ending September 30, 2023.

Wil Ralston, CEO of Singlepoint, said: "We are proud of the third quarter and YTD revenue results of almost $21 Million, which is a record-breaking year to date. Our strategic collaboration with the team at Boston Solar continues to deliver revenue growth in a challenging higher interest rate environment. We are excited about the recent addition of Michael Ricci as the Director of Commercial Solar Division at Boston Solar. We are seeing significant growth opportunities in commercial solar in the New England area and the addition of Mike Ricci on the Commercial business gives us another dynamic experienced professional to leverage the success of Boston Solar Residential business, which is led by our Director of Residential Operations, Stephan MacPhee. This combination, along with the rest of the leadership team, has Boston Solar positioned to continue increasing revenue and grabbing market share as the solar provider of choice in the Boston metro area, the state of Massachusetts and throughout New England as we continue to expand our regional business footprint."

Ralston continued, "We are finishing off the current year strong and heading into the new year with several installed commercial projects and a growing multi-million-dollar backlog of contracted projects in 2024. Boston Solar is focused on creating free cash flow in addition to delivering annual revenue growth in 2024. The dedication to delivering superior customer service has fortified our reputation, positioning Boston Solar for continued success. Moreover, our team's remarkable achievements in driving multiple commercial projects forward have resulted in major milestone achievements."

Ralston concluded, "We extend our heartfelt gratitude to all our stakeholders for their invaluable support and patience as we build the business foundation for continued growth, both organically and through strategic acquisitions. As we witness the fruition of our projects, we eagerly anticipate sharing the exciting progress achieved throughout the year and the upcoming projects we have been developing. There has been a significant shift in the M&A market, which we believe will be to our favor, and that our growth through acquisition strategy will not only continue but accelerate as we accomplish our goal of becoming a listed on a major exchange."