#Solar/#EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Reports Record Full Year 2021 Audited Financial Results; @SIRCStock

#Solar/#EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Reports Record Full Year 2021 Audited Financial Results; @SIRCStock

 

Growing Revenue 388% to $84.2 Million - Audited Revenue Grew 388% in 2021 to $84.2 Million; Net Income Grew to $19.9 Million

 

 

HENDERSON, NV / April 5, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, roofing systems installation and EV charging company, today announced that its audited financial results for the fiscal year ended December 31, 2021 are now available for download on the Company’s Disclosure page of the OTC Markets website.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/04051SIRC-Audited-Financial-Results.asp

 

Key Fourth Quarter 2021 and Subsequent Highlights

·        Revenue in the fiscal year ended December 31, 2021 increased 388% to $84.2 million, as compared to revenue of $17.3 million in 2020.

·        Net income in 2021 was $19.9 million, or $0.05 per basic and diluted common share, as compared to a net loss of $7.7 million, or $(0.05) per basic and diluted common share, in 2020.

·        Secured tier-1 national solar and EV charging projects, including:

o   $45 million co-development agreement for 17 Georgia high school solar projects.

o   Lease agreement to build and operate a $36 million micro-grid project for a 20,000 acre farm near Kingman, Arizona.

·        Partnered with the Founders of RxSeedCoin, a cryptocurrency asset listed on the Stellar Exchange, to develop a cryptocurrency funding solution for humanitarian commercial solar projects.

·        Appointed an experienced executive team to support the Company’s rapid growth, including veteran finance executive Wanda Witoslawski as Chief Financial Officer and industry executive Pablo Diaz as President.

·        Appointed renewable energy finance executive Héctor Peña, energy entrepreneur Michael Fallquist and energy industry veteran Gregory Craig to the Board of Directors.

 

Management Commentary

“As promised, the release of our 2021 audited financial statements marks a breakthrough capital markets achievement for our company, the first step as we continue our planned transition to a fully reporting company listed on a national exchange,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “In addition, our shift to a more standard fiscal year ending December 31^st will better align us with public company best practices and investor expectations – positioning us for future success.

 

“In addition, the fundamentals of our operations are strong as we saw both immense revenue growth and greatly enhanced margins across the board – enabling us to achieve initial profitability. We are now realizing economies of scale on the supplier side, ensuring both health margins and relative surety of product supply relative to our peers – driving the potential for enhanced net profit margins in the near-term. We also see significant promise in the SolarEV Financial Services ecosystem we have created, enabling a new financial model whereby we can finance our own projects as desired using non-dilutive debt financing. This allows us to capture substantial revenue from lucrative, hand-picked projects – while other projects we don’t finance can still be handed off to our third-party project financing partners.

“Our near-term focus from a capital markets perspective is now on executing upon our strategic uplisting strategy – first to the OTCQB and then to the NASDAQ – helping to improve liquidity and broaden our shareholder base through an enhanced profile within the investment community. As we move through 2023 and accomplish these exciting milestones, we are incredibly well positioned to create sustainable, long-term value for my fellow shareholders. I look forward to sustaining our robust pace of operational execution in the months ahead,” concluded Massey.

 

Audited Financial Results for the Fiscal Year Ended December 31, 2021

Revenue in the fiscal year ended December 31, 2021 increased 388% to $84.2 million, as compared to revenue of $17.3 million in 2020. The increase was driven by the Company’s continued acquisitions, as well as continued organic growth across the SIRC family of companies.

 

Gross profit increased 807% to $40.4 million, or 48% of total revenues, in 2021, as compared to $4.5 million, or 26% of total revenues, in 2020.

 

Total operating expenses in 2021 totaled $20.7 million, as compared to total operating expenses of $9.8 million in 2020. The increase was mainly attributable to increased operational scale, driven by a series of recent acquisitions.

 

Net income in 2021 was $19.9 million, or $0.05 per basic and diluted common share, as compared to a net loss of $7.7 million, or $(0.05) per basic and diluted common share, in 2020.

 

Cash and cash equivalents totaled $1.1 million as of December 31, 2021, as compared to $0.7 million at December 31, 2020.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter, Facebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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#Technology #Stock News: GBT’s (OTCPK: $GTCH) #Wireless Motion Detection System Patent Received Issue Notification

 

#Technology #Stock News: GBT’s (OTCPK: $GTCH) #Wireless Motion Detection System Patent Received Issue Notification

 

The Intelligent Motion Detection Technology Patent Expected to be Granted on April 12, 2022; Patent #11,302,032

 

SAN DIEGO, CA, April 5, 2022 - (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), received an issue notification for its intelligent motion detection patent, which the Company has assigned the internal code name “Apollo”.  The non-provisional patent application will be granted on April 12, 2022, patent #11,302,032. The patent seeks to protect radio based, real time motion detection methods and systems. As described in the patent, neural network algorithms are designed to control and analyze radio waves transmissions and their reflections to construct 3D images and motion. The Apollo’s technology design is based on wireless transmissions that are made within specific frequencies measuring the returned reflected waves information. Apollo’s neural network is then designed to analyze the object constructing live images. The patent also seeks to cover real-time motion technology enabling live video through radio waves.

The technology is designed to distinguish between living entities and objects by detecting distinctive patterns and intelligent mapping. The technology is designed to works in both indoors and outdoors environments as well as through walls and other mediums. The system’s effective range starts within a typical residential home area and can be extended using repeater units to cover larger facilities and structures. GBT believes that this innovative technology can be applied within health, security, military, and emergency response domains and plans to conduct further research and development in the near future.

 

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2022/04051Wireless-Motion-Detection-Patent.asp

 

"We receive an issue notice for our intelligent, wireless motion detection patent and plan to start R&D efforts to commercialize the technology, in wide variety of domains.  We believe this technology can be used in a wide diversity of fields which would include wearable-less health monitoring to measure human’s vitals and detect falls.  We also believe another type of application is to provide “eyes” for autonomous vehicles or a background system to detect concealed objects in airports. We are very pleased to have this patent innovative technology granted and plan to conduct further research and development of intelligent systems based on its concepts,” said Danny Rittman, the Company’s CTO.

 

There is no guarantee that the Company will be successful in researching, developing or implementing this system.  In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product.  There is no guarantee that the Company will be successful in any or all of these critical steps. 

 

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Dr. Danny Rittman, CTO
press@gopherprotocol.com

 

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on

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#AIEye #Podcast 679: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $QCOM)

 

 

#AIEye #Podcast 679: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $QCOM)

 

Accenture Joins AI4BetterHearts, and Qualcomm Completes Acquisition of Arriver for Advanced Driver Assistance System Solutions

 

Global #MLaaS Market to Reach $38.81B by 2028

 

Vancouver, Kelowna, Delta, BC – April 4, 2022  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence.

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/040422-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/04041ACN-QCOM.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (NYSE:ACN) (NasdaqGS:QCOM)

 

Accenture (NYSE:ACN) has joined AI4BetterHearts, described as “a global data collaborative,” “using artificial intelligence (AI) and advanced analytics to better understand the drivers of CV [cardiovascular) health, including health inequities, in large populations.” Stuart Henderson, global Life Sciences lead for Accenture, said:

 

"We are joining the AI4BetterHearts collaborative to help further its ambitions to prevent cardiovascular disease. By applying technology, we can develop data-driven insights on the true catalysts of health and equity and help drive informed decisions for policy change. We aim to contribute to sustainable population health by integrating innovation and emerging technologies."

 

Qualcomm Incorporated (NasdaqGS:QCOM) has completed its acquisition of Arriver from SSW Partners, enhancing its ability to “deliver open, fully integrated, and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale.” This will see Qualcomm Technologies incorporate Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its “leading Snapdragon Ride Platform portfolio.” Nakul Duggal, senior vice president and GM, automotive, Qualcomm Technologies, Inc., explained:

 

"As we become a key technology partner to the automotive industry, Arriver's Driver Assistance assets will accelerate our efforts to deliver a leading, ADAS solution as part of our Snapdragon^® Digital Chassis™ platform. We remain committed to offering advanced solutions for all vehicle tiers and levels and with Arriver's Driver Assistance assets now part of the Snapdragon Ride™ Platform, we are better positioned to power the future of autonomous driving. We are thrilled to welcome the talented team from Arriver."

 

Global MLaaS Market to Reach $38.81B by 2028

 

A report published by Verified Market Research finds that the global Machine Learning as a Service (MLaaS) market is projected to grow from $2.48 billion in 2020 to $38.81 billion by 2028, registering a compound annual growth rate (CAGR) of 41.2 percent in the forecast period 2021-28. An excerpt from the report’s description outlines some factors influencing the market’s growth:

 

[The} Machine Learning as A Service Market is sustaining huge growth due to technological advances and a rise in the number of research & development efforts all around the world. Another important factor driving the market growth is the growing adoption of cloud-based platforms. Moreover, the rising emphasis on customer-centric behavior is driving overall growth.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

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#CryptoCorner #Podcast 808: #Stocks discussed: (OTC: $SMURF) (NasdaqCM: $DGHI) (CSE: $COYX.C)

 

 

 

#CryptoCorner #Podcast 808: #Stocks discussed: (OTC: $SMURF) (NasdaqCM: $DGHI) (CSE: $COYX.C)

 

Tokens.com Corp Shares 2021 Financial Results, Digihost Posts BTC Production Results, and CoinAnalyst Corp is Acquiring RockStock Equities

 

Vancouver, Kelowna, Delta, BC April 4, 2022 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast: 

https://www.investorideas.com/Audio/Podcasts/2022/040422-CryptoMarket.mp3

 

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Stocks discussed: (OTC:SMURF) (NasdaqCM:DGHI) (CSE:COYX)

 

Web3 crypto assets and Metaverse company Tokens.com Corp. (OTC:SMURF) has shared its financial results for the 12 months ending December 30, 2021. Highlights include the acquisition of $30.3 million USD in digital assets – increasing its total digitals assets held to $43.6 million, and a net gain on revaluation of digital assets before tax of $2.3 million. Andrew Kiguel, CEO of Tokens.com, said:

 

"Q4 was our third quarter as a public company and our second full quarter with the proceeds from the April 2021 fundraise deployed. We achieved several milestones in 2021, including going public and two capital raises. We diversified our investments into new Web3 verticals including blockchain gaming and building a significant business in the Metaverse sector."

 

Digihost Technology Inc. (NasdaqCM:DGHI) has posted its unaudited Bitcoin (BTC) production results for the month and quarter ended March 31, 2022. Highlights include the mining of 75.24 BTC during March 2022, increasing the company’s total holdings to 797.47 BTC, as well as Ethereum (ETH) holdings of 1,000.89 ETH. Digihost’s Chairman and CEO, Michel Amar, said:

 

“Throughout the first quarter of 2022, the Company continued to make progress on the deployment of the 10,600 M30S and M30S+ miners we acquired last year. With more than half of those miners currently in operation we have more than doubled our hashrate from 415 PH at year-end 2021 to approximately 1 EH/s today, which at current network difficulty equates to approximately 4.25 coins per day on a run rate of over 120 coins mined per month.”

 

CoinAnalyst Corp. (CSE:COYX) has signed a Share Purchase Agreement with RockStock Equities Inc. and its shareholder, in which it will acquire the latter for aggregate consideration of $937,500. Pascal Lauria, CEO and Co-Founder of CoinAnalyst, commented:

 

"We are excited to welcome RockStock into the CoinAnalyst family. The music industry has shown a great deal of interest in embracing blockchain technology, and we believe that the RockStock Platform, along with artist empowerment will set us apart from the competition. In addition, the data will help drive our Insights Platform to provide a unique perspective into the world of music. Imagine coming across the next star, before they gain superstardom. This acquisition gives us the foundation to make that possible.”

 

Sam Mowers, Investorideas

 

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