iSun Inc. Provides Preliminary Q2 2023 Revenue; Sees Q2 Revenue $25M Vs $16.5M YoY; Sees FY23 Revenue $95M-$100M Vs $97.01M Est
Portfolio Pulse from Happy Mohamed
iSun Inc. has announced preliminary Q2 2023 revenue of approximately $25 million, a 50% increase from Q2 2022. The company continues to expect full year 2023 revenues of $95-100 million, a 24%-31% increase over 2022. The increase is attributed to effective execution of the company's strategy and increased customer demand in its commercial and industrial division. Final Q2 2023 results will be reported on August 10, 2023.
July 31, 2023 | 1:07 pm
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POSITIVE IMPACT
iSun's Q2 2023 revenue has increased by 50% YoY, and the company expects a 24%-31% increase in full year 2023 revenues. This positive financial performance is likely to have a positive impact on the company's stock.
iSun's strong financial performance, with a significant increase in Q2 2023 revenue and expected increase in full year 2023 revenues, indicates a positive outlook for the company. This is likely to attract investors and drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100