Summary by Moomoo AI
SinglePoint Inc., a diversified holding company, has released its annual financial report for the fiscal year ended December 31, 2023. The report showcases the company's financial performance, business development, and future plans. Financial Performance: SinglePoint reported a revenue increase to $26.3 million, up from $21.8 million in the previous year. The growth is attributed to the full-year inclusion of Boston Solar's operations, offset by decreased sales of air purification systems. The company's gross profit rose to $7.7 million from $6.3 million year-over-year. However, operating expenses also increased to $23.3 million, primarily due to the inclusion of Boston Solar for a full year and increased professional and legal fees. SinglePoint incurred a net loss of $18.3 million, compared to a net loss of...Show More