SinglePoint, Inc. (OTCMKTS: SING) is moving steadily northbound in recent trading closing green the last 4 days in a row as the stock looks to be under accumulation. SING is an ex-Nasdaq Solar play that is looking to get back on the Nasdaq this year. The newly passed Inflation Reduction Act Bill and its generous tax credits for solar energy should bring significant tailwinds to Singlepoint and the entire solar energy sector which has been on fire recently.
SING has seen massive growth through acquisition acquiring at least 6 new Company’s over the past year. Revenues are way up with SING recently reporting record Q2 revenues of $4.5 million, up over 890% for the comparable period in 2021. While the revenue numbers were outstanding, they do not include all the revenues from Boston Solar which they acquired in April 2022. Management is already predicting another record Q3 recently stating: “Combining with the expected orders for BOX Pure Air in Q3, we expect Q3 to be yet another major growth milestone for the Company. Our Companies are well positioned in their rapidly growing markets to accelerate the adoption of our services and meet the increased demand.”
Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!
SinglePoint, Inc. (OTCMKTS: SING) operating out of Phoenix, Arizona provides energy solutions and energy-efficient applications to drive better health and living. The Company currently has core subsidiaries including solar and air purification. SinglePoint built its portfolio through synergistic acquisitions, and partnerships to provide a rich, diversified holding base. The Company’s initial focus is on solar energy, and it is committed to building a foundation for future expansion opportunities and building brands based on technology solutions. Singlepoint has been on a massive acquisition spree recently acquiring 6 new subsidiaries, including EnergyWyze, BOX Pure Air, Direct Solar America, Ecodaptive, Boston Solar, and Frontline Power Solutions. Prior to that the Company acquired a 90% inrerest in Discount Indoor Garden Supply, Inc. and an 90% interest in ShieldSaver, LLC
One of SinglePoint’s biggest business is Direct Solar, LLC; a solar brokerage company headquartered in Phoenix, Arizona that currently works with homeowners to define the solar solution for their needs in multiple cities around the United States. Their unique brokerage model is scalable nationally and currently serves approximately 11 states that can be actively serviced by its partners and providers. Direct Solar has resumed onboarding of service providers and is again expanding into additional markets as Direct Solar builds a national sales footprint.
Singlepoint owns 51% of Box Pure Air, LLC, an emerging industry leader in high-proficiency air purification technology. Box Pure Air is a distributor of industrial grade high-efficiency air purification products designed and manufactured to improve indoor air quality. Our products are engineered and designed to exceed the national standards of indoor air quality by following CDC requirements for air ventilation utilizing HEPA certified filters and incorporating proven antimicrobial technologies. Box Pure Air sells and distributes AIRBOX™ Air Purifier product line, an industrial and commercial grade suite of products made in the United States. In a recent press release management stated: “The Company’s air purification sector is continuing to hold strong within the market, with projected revenues between $15M – $20M.
Singlepoint subsidiary Boston Solar, is a Proud Partner of the Boston Red Sox, has installed more than 5,000 residential and commercial solar systems powering thousands of homes and businesses in New England, predominantly Massachusetts, since its founding in 2011. The company has been honored with the 2020 Guildmaster Award from GuildQuality for demonstrating exceptional customer service within the residential construction industry. For five consecutive years, the Company has been recognized as a Top Solar Contractor by Solar Power World magazine. The company has also made Boston Business Journals Largest Clean Energy Companies in Massachusetts List. Boston Solar is a member of Solar Energy Business Association of New England (SEBANE).
Data from @eiagov shows how quickly solar power electricity generation has grown in the US. In the last 5 years alone, electricity generated by solar power has more than tripled, to around 115 billion kilowatt-hours. pic.twitter.com/w8R322FofW
— SinglePoint (@_Singlepoint_) September 10, 2022
To Find out the inside Scoop on SING Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
In August Singlepoint reported record Q2 revenues of $4.5 million, up over 890% for the comparable period in 2021, other highlights for Q2 include:
- Gross profit of $1.3 million in the second quarter compared to $0.15 million for the comparable period in 2021
- Boston Solar is Recognized as Top Contractor for 2022
- BOX Pure Air is recognized as the preeminent provider of California EANS funding to improve IAQ in schools
- Expecting multiple school orders to improve Indoor Air Quality (IAQ) for Q3 2022
Wil Ralston, CEO of SinglePoint, Inc., said, “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 for the Company. Our Companies are well positioned in their rapidly growing markets to accelerate the adoption of our services and meet the increased demand.”
Earlier this year Singlepoint announced its subsidiary, BOX Pure Air, is launching BPA Solutions to represent multiple lines of products designed to help create safer schools nationwide by improving indoor air quality (IAQ) and hardened and enhanced security solutions.
The core mission of BPA Solutions is to create healthier, safer, and more productive school environments to protect the students, teachers, and staff within our nation’s public and private school systems. School-aged children spend more waking hours in school than at home. Additionally, we all spend nearly 90% of our time indoors. BPA Solutions is committed to providing products and services that meet the highest standards to create a safer indoor environment for our nation’s students as they return to school.
BPA Solutions has executed an exclusive distribution agreement with Ballistic Barrier Products, the makers of certified bullet-resistant door shields and window shades. BPA Solutions and Ballistic Barrier have teamed up to design two new products to extend BPA Solution’s reach into school safety.
— Investing420 (@Investing420) September 15, 2022
For More on SING Subscribe Right Now!
Currently trading at a $11 million market valuation SING has 87,618,306 shares outstanding and $2.9 million in the treasury. Singlepoint has a long history of big moves and we have written about some of them, SING biggest run was spring 2021 when it made a huge move up from current levels; SING has runner in its blood. Currently priced cheap SING has seen massive growth through acquisition acquiring at least 6 new Company’s over the past year. Revenues are way up with SING recently reporting record Q2 revenues of $4.5 million, up over 890% for the comparable period in 2021. While the revenue numbers were spectacular, they do not include all the revenues from Boston Solar which they acquired in April 2022. Management is already predicting another record Q3. SING is an ex-Nasdaq Solar play that is looking to get back on the Nasdaq this year. The newly passed Inflation Reduction Act Bill and its generous tax credits for solar energy should bring significant tailwinds to Singlepoint and the entire solar energy sector which has been on fire recently. We will be updating on SING on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with SING.
Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!
Disclosure: we hold no position in SING either long or short and we have not been compensated for this article.