SinglePoint CEO Issues Update to Shareholders on Corporate and Industry Developments
SinglePoint CEO Issues Update to Shareholders on Corporate and Industry Developments
Company nears audit completion as its solar business unit continues resilient growth
该公司的太阳能业务部门不断增长,审核即将完成。
Phoenix, Arizona--(Newsfile Corp. - June 26, 2024) - SinglePoint Inc. (CBOE: SING) a leading provider in the renewable energy sector, today issued an update to shareholders from CEO Wil Ralston on key corporate and industry developments as the Company is at or is near completion of the annual audit and is preparing to file its annual report.
亚利桑那州凤凰城——(Newsfile corp.——2024年6月26日)—— SinglePoint Inc.(CBOE:SING)是可再生能源领域的领先提供商,今天发布了首席执行官Wil Ralston的股东更新关键公司和行业发展的信息,因为公司正处于年度审计的完成或接近完成状态,并准备提交年度报告。
Dear Fellow Shareholders,
亲爱的股东朋友们:
As the Company prepares to file the annual financial statement (10K) for the year ended December 31, 2023 followed by the quarterly financial statement (10Q) for the period ending March 31, 2024, I want to acknowledge the support and patience of our valued shareholders. Management has worked diligently with its auditors to process a large volume of information and transactions as efficiently as possible. SinglePoint's previous 13 quarters were filed without delay, and we are committed to returning to on-time filings. We have added additional professional resources and have had preliminary conversations with 3rd party financial services providers in an effort to ensure that we have professional financial services providers that have the bandwidth to deliver timely financial reporting.
随着公司准备提交于2023年12月31日结束的年度财务报表(10K)和于2024年3月31日结束的季度财务报表(10Q),我要感谢我们尊贵的股东的支持和耐心。管理层已经与审计师们努力地处理大量的信息和交易,以尽可能高效地进行处理。SinglePoint之前提交的13个季度均未延迟提交,我们致力于返回准时提交。我们已经增加了额外的专业资源,并与三家金融服务提供商初步进行了谈话,以确保我们拥有有足够带宽的专业金融服务提供商。rd关于我们的Cboe合规状态,该公司认为保持在Cboe上的上市地位至关重要。在Cboe等全球性交易和流动性所需之时代,上市具有至关重要的意义。为了维持Cboe上的上市地位,我很高兴地报告,该公司已向交易所提供所有所需的信息作为我们持续上市计划提交的一部分。SinglePoint已收到来自交易所的收据确认,我们正在采取果断的行动,旨在保持SinglePoint在Cboe上的上市地位。我想重申,我们将在此期间继续在Cboe上市,获得Cboe的确认。“员工除名决定表明,及时的审核请求将暂停普通股的除名。因此,在任何听证会做出决定之前,普通股将不会被暂停或除名。“
Regarding our Cboe compliance status, the Company believes that maintaining it's listing on Cboe is paramount. Listing on a national or global exchange like Cboe provides the necessary trading and liquidity that today's investors demand. In an effort to maintain the listing on Cboe I am pleased to report that the Company has provided the exchange all required information as part of our continued listing plan submission. SinglePoint has received confirmation of receipt from the exchange and we are taking decisive action designed to preserve the SinglePoint listing on Cboe. I want to reiterate we will continue to be listed on Cboe during this time per Cboe confirmation. "The Staff Delisting Determination states that a timely request for review would stay the delisting of the Common Stock. As such, the Common Stock would not be suspended or delisted prior to any decision by the Hearings Panel".
关于我们的CBOE合规状态,该公司认为保持在CBOE上的上市地位至关重要。在CBOE等全球性交易和流动性所需之时代,上市具有至关重要的意义。为了维持CBOE上的上市地位,我很高兴地报告,该公司已向交易所提供所有所需的信息作为我们持续上市计划提交的一部分。SinglePoint已收到来自交易所的收据确认,我们正在采取果断的行动,旨在保持SinglePoint在CBOE上的上市地位。我想重申,我们将在此期间继续在CBOE上市,获得CBOE的确认。“员工除名决定表明,及时的审核请求将暂停普通股的除名。因此,在任何听证会做出决定之前,普通股将不会被暂停或除名。“
Certain local or regional businesses, like Boston Solar, continue to prove they are resilient through continued revenue growth and diversification of revenue between residential rooftop solar and energy storage and small commercial solar and energy storage business segments. There are some very positive long-term trends in the solar industry primarily decreasing product costs and the continuing rising utility prices for homeowners and business owners. The rise of interest rates has impacted the residential solar industry as the cost of financing has increased at our supplier level and for homeowners. This has caused short term retraction throughout the latter part of 2023 but we feel that although it is not normal it is normalizing and we have seen residential sales increasing in the past few months. The federal tax credits associated with the Inflation Reduction Act will continue to make solar energy an attractive investment over the next decade for residential and small commercial businesses. An emerging sector in small commercial is technology companies seeking carbon-free energy to power electricity-intensive data centers.
像波士顿太阳能这样的一些地方或区域性业务,继续通过不断增长的营业收入和在住宅屋顶太阳能和能源存储以及小型商业太阳能和能源存储业务领域之间增加营收多样性证明他们是有弹性的。太阳能行业有一些非常积极的长期趋势,主要是产品成本的降低和业主和企业主继续上涨的实用价格。利率上升已经影响了住宅太阳能行业,因为我们供应商的融资成本已经上升,对于业主来说也是如此。这在2023年后期导致了短期收缩,但我们认为,虽然这不是正常的,但正在恢复正常,并且我们已经看到住宅销售在过去几个月中增加。与通胀减少法案有关的联邦税收抵免将在未来十年中继续使太阳能成为住宅和小型商业企业的有吸引力的投资选择。小型商业领域中的新兴行业是技术公司寻求使用无碳电力来驱动电力密集的数据中心。
It was strategically important to diversify our solar revenue at Boston Solar, who at the time of acquisition derived over 90% of its revenue from residential customers, by focusing on the expansion of our commercial business we were able to withstand the sudden downturn in the residential solar market in 2023. Our revenue diversity between the business units enabled us to survive and grow while many of our peers in the solar industry are experiencing hardship due to their over reliance on residential sales.
通过专注于拓展商业,波士顿太阳能在被收购时,其超过90%的营收来自住宅客户,因此在住宅太阳能市场在2023年突然下降时,我们成功承受各个部门的收入多样化为我们在太阳能行业的同行在依赖住宅销售时经历了困难。我们通过业务单元之间的收入多样性生存和增长,但波士顿太阳能的收入已经向纯利润增长的方向努力。
For a company like SinglePoint, that has shown it can acquire a company and successfully execute its revenue diversification strategy there may never be a better time to selectively acquire local solar installation companies. Our plan continues to be centered on entering a solar market through acquisition and then grow and expand residential and small commercial revenue in addition to expanding to adjacent territories. As little as one year ago, acquisition opportunities within our space were challenging, multiple bidders for each company at elevated multiples. Valuations have been reduced and so have the number of bidders for each company, but the cost of financing has increased. We are steadfast in our acquisition strategy, identifying the right company, in the right region with experienced operators that are committed to being the best service provider in their respective territory. Acquisitions in solar are quickly becoming an opportunistic buyer's market.
对于像SinglePoint这样的公司,它已经证明可以收购并成功执行其营收多样化策略,可能永远不会有更好的时机来有选择地收购本地太阳能安装公司。我们的计划继续以通过收购进入太阳能市场为中心,然后通过扩大住宅和小型商业收入以及扩展至相邻地区来增长和扩展。仅在一年前,我们的行业内的收购机会具有挑战性,每个公司都有多个竞标者,而且价格很高。估值已经降低,每个公司的竞标者数量也有所减少,但融资成本已经增加。我们坚信我们的收购策略,确定位于合适地区的正确公司具有经验丰富的经营者,致力于成为其各自领土上最佳的服务提供商。在太阳能方面的收购正在迅速成为一个有利的买方市场。
Solar is local and we believe that there is timeless value in local operations, the industry winners will be the local businesses that manage all aspects of solar service - from customer acquisition through installation to ongoing maintenance. This move towards localized service providers is shaping a more sustainable and customer-focused market landscape which is perfectly aligned with our strategy. Local businesses are increasingly handling comprehensive solar solutions. This trend is driving closer customer relationships and more tailored services, enhancing consumer trust and satisfaction. To this end, Boston Solar, a subsidiary of SinglePoint, has recently been recognized as best local option (in Boston, Massachusetts) by Forbes magazine.
太阳能是本地的,我们相信本地运营中有永恒价值,在太阳能服务各个方面管理本地业务将是行业优胜者-从客户获取到安装再到持续维护都有体现。这种转向本地化服务提供商的趋势正在塑造一个更可持续和面向客户的市场格局,这与我们的策略完全一致。本地企业越来越多地处理综合太阳能解决方案。这种趋势导致更紧密的客户关系和更量身定制的服务,增强了消费者的信任和满意度。因此波士顿太阳能被福布斯杂志评选为最佳本地选项(位于马萨诸塞州波士顿)。
Solar energy and energy storage will continue to get hotter for the foreseeable future.
太阳能和储能将在可预见的未来继续升温。
In a quote from a recent Economist article, "To call solar power's rise exponential is not hyperbole, but a statement of fact. Installed solar capacity doubles roughly every three years, and so grows ten-fold each decade. Such sustained growth is seldom seen in anything that matters. That makes it hard for people to get their heads round what is going on. When it was a tenth of its current size ten years ago, solar power was still seen as marginal even by experts who knew how fast it had grown. The next ten-fold increase will be equivalent to multiplying the world's entire fleet of nuclear reactors by eight in less than the time it typically takes to build just a single one of them."
在最近的一篇经济学人文章中,引用"说太阳能能源的崛起呈指数级上升不是夸张,这是事实陈述。安装的太阳能容量每三年加倍,因此每个十年增长十倍。这种持续增长在任何有关的领域中都很少见。这使得人们难以理解正在发生的事情。当太阳能的规模在十年前的十分之一时,即使是知道它增长速度很快的专家仍认为它仍是边缘化的。下一次十倍增长将相当于在通常建造一座核反应堆所需时间中将全球全部核反应堆的数量乘以八。"
The residential solar market continues to expand, although the pace of growth has moderated compared to previous years. In the first quarter of 2024, the U.S. solar industry installed 11.8 gigawatts-direct current (GWdc) of capacity, with residential solar contributing 1.3 GWdc. This marked a 25% year-over-year decline for the residential sector, primarily due to high interest rates and changes in net metering policies in key states like California (Energy.gov) (SEIA.org).
住宅太阳能市场继续扩展,尽管增长速度与以往年份相比有所放缓。2024年第一季度,美国太阳能行业安装了11.8吉瓦直流(GWDC)的产能,其中住宅太阳能贡献了1.3GWDC。这标志着住宅部门同比下降25%,主要是由于高利率和关键州如加利福尼亚(Energy.gov)(SEIA.org)的净计量政策变化。
Despite the slowdown, the long-term outlook remains positive. The Solar Energy Industries Association (SEIA) anticipates a rebound, projecting steady annual growth of around 10% from 2025 onwards (Energy Circle, LLC).
尽管增长放缓,但长期前景仍然积极。太阳能行业协会(SEIA)预计会反弹,从2025年开始,每年稳定增长约10%(Energy Circle,LLC)。
SinglePoint is well positioned to take advantage of the long term grown in solar and the current buyer's market. We believe it's essential for our Company, our employees, future acquisition candidates and our shareholders to be listed on a global exchange like Cboe. I am committed to growing revenues, delivering profitability and creating long-term value for our shareholders.
SinglePoint有机会抓住太阳能行业的长期增长和当前的买方市场。我们相信,像CBOE这样的全球交易所上市对于我们公司、员工、未来的收购对象和股东来说都是至关重要的。我致力于为我们的股东持续增加收入,提供可持续的盈利并为我们的股东创造长期价值。
Yours truly,
此致
Wil Ralston
威尔·拉尔斯顿
About SinglePoint Inc.
关于SinglePoint Inc.: SinglePoint Inc.是一家重点致力于提供环保节能和健康生活解决方案的可再生能源和可持续生活方式公司。SinglePoint最初的重点是建立最大的可再生能源解决方案网络,现代化传统太阳能和储能模型。公司还积极探索未来增长机会,包括空气净化、电动汽车充电、太阳能订阅服务以及增强可持续性和更健康生活的其他能效措施。欲了解更多信息,请访问公司网站()。
SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies that enhance sustainability and a healthier life. For more information, visit the Company's website ().
本新闻稿中的某些陈述可能包含“前瞻性信息”,在1933年证券法规则175和1934年证券交易法规则3b-6的意义下产生,并受该等规则创造的安全港的保护。本新闻稿中所包含的除事实陈述外的所有陈述,包括但不限于有关公司可能计划和目标、使用资金、预期增长和未来扩张的陈述,都是前瞻性陈述,涉及风险和不确定性。
About Boston Solar
关于波士顿太阳能 波士顿太阳能是SinglePoint Inc. (CBOE: SING) 自2011年创立以来已安装了5000多个住宅和商业太阳能阵列,为马萨诸塞州的数千户家庭和企业供电。波士顿太阳能的使命是为业主提供卓越的清洁能源产品、优质的客户服务和住宅和商业安装的最高质量的技艺。
Boston Solar is a subsidiary of SinglePoint Inc. (CBOE: SING) Since its founding in 2011, Boston Solar has installed more than 6,000 residential and commercial solar arrays, powering thousands of homes and businesses in New England, primarily in Massachusetts. The mission of Boston Solar is to provide superior clean energy products, exceptional customer service, and the highest-quality artistry in residential and commercial installations.
波士顿太阳能是SinglePoint Inc. (cboe: SING)的子公司。自2011年成立以来,波士顿太阳能安装了6000多个住宅和商业太阳能阵列,在新英格兰地区为数千家住户和企业供电,主要位于马萨诸塞州。波士顿太阳能的使命是提供卓越的清洁能源产品,卓越的客户服务,以及住宅和商业安装中最高质量的艺术性。
Boston Solar has accumulated several distinctions of recognition of the company's outstanding:
波士顿太阳能获得了以下荣誉: 1. 从GuildQuality获得的2020年Guildmaster奖,表彰了波士顿太阳能在住宅建筑行业中展示的卓越客户服务。 2. 连续五年被Solar Power World杂志评为顶级太阳能承包商。 3. 被波士顿商业杂志“马萨诸塞州最大的清洁能源公司”所荣誉。 4. 波士顿太阳能是新英格兰太阳能业务协会(SEBANE)的成员。了解更多信息:
- Honored with the 2020 Guildmaster Award from GuildQuality, the award acknowledged how Boston Solar demonstrated exceptional customer service within the residential construction industry.
- Named a Top Solar Contractor by Solar Power World magazine for five consecutive years.
- Applauded by the Boston Business Journal's "Largest Clean Energy Companies in Massachusetts" list.
- 太阳能行业中,波士顿太阳能公司以卓越的客户服务荣获2020年GuildQuality行业大师奖,以此表彰该公司在住宅施工行业中展现的卓越表现。
- 连续五年被《太阳能动力世界》杂志评为顶尖太阳能承包商。
- 被波士顿商业杂志《马萨诸塞最大清洁能源公司》的名单所赞誉。
Boston Solar is a Solar Energy Business Association of New England (SEBANE) member. Learn more at:
波士顿太阳能是新英格兰太阳能业务协会(SEBANE)的成员。 了解更多信息:
Forward-Looking Statements
前瞻性声明
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, anticipated changes to our financial reporting process and resources, are forward-looking statements that involve risks and uncertainties.
本新闻稿中的某些声明可能包含根据1933年证券法规则175条和1934年证券交易法规则3b-6条的前瞻性信息,并受到这些规则所创建的安全港的约束。除了事实声明外,本发布中包含的所有声明,包括但不限于有关公司潜在计划和目标、预期财务报告流程和资源变化的声明,都是涉及风险和不确定性的前瞻性声明。
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
不能保证此类声明将被证明是准确的,实际结果和未来事件可能与这些声明所预期的发展出现重大差异。
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
可能出现技术上的问题,阻止了上述任何战略性重要计划的及时实施。公司没有义务修订或更新任何前瞻性声明以反映此后发生的事件或情况。
Investor Relations Contact:
SinglePoint Inc
investor@singlepoint.com
888-682-7464
投资者关系联系人:
SinglePoint 公司
investor@singlepoint.com
888-682-7464