Singlepoint Inc. (OTCMKTS: SING) announced its Q2 2021 operational and financial results and provided a corporate update.
Singlepoint had revenue of $0.854 million in Q2 2021
At the end of the quarter, the company had $854,589 in cash compared to $76,476 in Q2 2020. Revenue for the quarter was $454,822 versus $395,277 a year ago. Singlepoint’s total assets were $1.597 million at the end of June 30, 2021, representing a 304% YoY increase.
The company is expanding and improving its current solar business to add to the North American footprint, with the solar market anticipated to more than quadruple in the next decade. In addition, Singlepoint is considering other accretive partnerships and opportunities in rene4able energy and healthy living applications.
CEO Wil Ralston said, “We have made considerable progress throughout the first half of 2021, including listing on the OTCQB. Our team is focused on increasing value for shareholders and growing our subsidiaries, and we are dedicated to implementing the strategic initiatives and continuous improvements necessary to deliver consistent results. We believe we have the right people in place to help us unlock the full potential of SinglePoint Inc. for our shareholders. Additionally, the strategic review that is currently underway will highlight key initiatives and illuminate our path forward to maximize value and opportunities for growth.”
Q2 2021 business updated
During the quarter, the company implemented its ongoing efforts to enhance its cash position, including a considerable decrease in current liabilities and warrants eliminations. Also, its subsidiary, Direct Solar of America, enhanced its senior leadership management team by adding an experienced solar sector executive.
Singlepoint launched a strategic business strategy review meant to identify and leverage its current platform to optimize long and near-term opportunities. Ralston was appointed as CEO and Director during the quarter, having served previously as president and director. Also, the company completed Box PureAir LLC and EnergyWyze LLC’s acquisitions in Q2 2021 as the company expands its operations.
CytoDyn Inc (OTCMKTS: CYDY) Announces Study to Investigate Leronlimab for Triple-negative Breast Cancer Treatment
Post Views: 18 CytoDyn Inc (OTCMKTS: CYDY) has announced that there will be a study on the drug leronlimab and...
Curaleaf Holdings Inc (OTCMKTS: CURLF) Completes Acquisition of Los Sueños Farms
Post Views: 38 Curaleaf Holdings Inc (OTCMKTS: CURLF) has completed the acquisition of the most enormous outdoor grow in Colorado,...
BAE SYSTEMS ADR (OTCMKTS: BAESY) and Keep Scotland Beautiful Launch Cleaning Hub in Govan
Post Views: 14 BAE SYSTEMS ADR (OTCMKTS: BAESY), a designer, developer and manufacturer of aerospace systems used in space, land,...
Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) Announces it Will Expand Distribution Following Passing of Assembly Bill 45
Post Views: 10 Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) has announced that it will expand product distribution in California following...
BAE Systems Inc. (OTCMKTS: BAESY) Granted five-year $68.5 Million Air Traffic Control Contract
Post Views: 12 BAE Systems Inc. (OTCMKTS: BAESY) has been picked for a 5-year $68.5M indefinite-quantity, indefinite-delivery contract enabling it...
CytoDyn Inc (OTCMKTS: CYDY) Announces Appointments of New Chief Operating Officer and Senior Executive Vice President
Post Views: 30 CytoDyn Inc (OTCMKTS: CYDY) has announced that it has appointed Nitya Ray, Ph.D., to act as its...