SinglePoint has reported its financial performance for the quarter ending March 31, 2024, with a decrease in total revenue from $5,719,370 in Q1 2023 to $4,136,412 in Q1 2024. The revenue decline was observed across the company's product/service lines, with the services segment dropping from $5,469,096 to $4,136,412 year-on-year. Boston Solar, a subsidiary, also saw a decrease in revenue from $5,437,441 to $4,136,412. The company's common stock issuance increased significantly, with 10,973,313 shares issued and outstanding as of March 31, 2024, compared to 4,351,638 shares at the end of the previous year. SinglePoint entered into an equity financing agreement with GHS Investments LLC, allowing for the purchase of up to $10 million in common stock over 24 months, subject to conditions. The company also issued shares for services and as a result of...Show More

SinglePoint has reported its financial performance for the quarter ending March 31, 2024, with a decrease in total revenue from $5,719,370 in Q1 2023 to $4,136,412 in Q1 2024. The revenue decline was observed across the company's product/service lines, with the services segment dropping from $5,469,096 to $4,136,412 year-on-year. Boston Solar, a subsidiary, also saw a decrease in revenue from $5,437,441 to $4,136,412. The company's common stock issuance increased significantly, with 10,973,313 shares issued and outstanding as of March 31, 2024, compared to 4,351,638 shares at the end of the previous year. SinglePoint entered into an equity financing agreement with GHS Investments LLC, allowing for the purchase of up to $10 million in common stock over 24 months, subject to conditions. The company also issued shares for services and as a result of debt conversion. In terms of business development, SinglePoint is facing challenges with maintaining the minimum bid price requirement for its common stock on the Cboe BZX Exchange and has received notification of non-compliance. The company has until August 26, 2024, to regain compliance with the minimum bid price requirement and until June 16, 2024, to submit a plan to regain compliance with the timely filing requirement for its Form 10-K.