SinglePoint Reports 20% YoY Revenue Increase For 2023; Boston Solar Reduces $3.1M In Annual Overhead, Achieves 50% Revenue Per Employee Increase, And Secures $20M In Commercial Contracts; Expects Continued Growth Into 2025 Amid Strong State Solar Mandates And Strategic Operational Enhancements
Portfolio Pulse from Benzinga Newsdesk
SinglePoint reported a 20% year-over-year revenue increase for 2023. Its subsidiary, Boston Solar, reduced annual overhead by $3.1 million, achieved a 50% increase in revenue per employee, and secured $20 million in commercial contracts. The company expects continued growth into 2025 due to strong state solar mandates and strategic operational enhancements.
July 24, 2024 | 1:16 pm
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SinglePoint reported a 20% YoY revenue increase for 2023, with its subsidiary Boston Solar reducing overhead costs and securing significant commercial contracts. The company expects continued growth into 2025.
The 20% YoY revenue increase and significant operational improvements at Boston Solar, including cost reductions and new contracts, are positive indicators for SinglePoint's financial health and future growth prospects.
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