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On February 21, 2024, SinglePoint Inc., a renewable energy company, announced the acquisition of the remaining 19.9% interest in Boston Solar, aiming to enhance its market position and achieve near-term profitability. The company's CEO, Wil Ralston, highlighted the growth from $17 million in 2022 revenue to $30 million in trailing twelve-month revenue, emphasizing the shift from a growth-at-all-costs model to a focus on profitability for sustainable growth. SinglePoint has implemented strategic initiatives under the leadership of Michael Morlino, including a thorough evaluation of business operations, cost reductions of nearly $3 million, right-sizing the labor force, and enhancing operational efficiency to improve the lead-to-sale and sale-to-install timelines. These measures are expected to drive value creation for shareholders and customers, with the goal of operational profitability by the end of Q2 2024.
On February 21, 2024, SinglePoint Inc., a renewable energy company, announced the acquisition of the remaining 19.9% interest in Boston Solar, aiming to enhance its market position and achieve near-term profitability. The company's CEO, Wil Ralston, highlighted the growth from $17 million in 2022 revenue to $30 million in trailing twelve-month revenue, emphasizing the shift from a growth-at-all-costs model to a focus on profitability for sustainable growth. SinglePoint has implemented strategic initiatives under the leadership of Michael Morlino, including a thorough evaluation of business operations, cost reductions of nearly $3 million, right-sizing the labor force, and enhancing operational efficiency to improve the lead-to-sale and sale-to-install timelines. These measures are expected to drive value creation for shareholders and customers, with the goal of operational profitability by the end of Q2 2024.
2024年2月21日，可再生能源公司SinglePoint Inc. 宣佈收購波士頓太陽能剩餘的19.9％的權益，旨在提高其市場地位並實現短期盈利能力。該公司首席執行官威爾·拉爾斯頓強調了從2022年的1700萬美元增長到過去十二個月的3000萬美元收入，強調了從不惜一切代價增長模式向注重盈利能力以實現可持續增長的轉變。SinglePoint在邁克爾·莫利諾的領導下實施了戰略舉措，包括對業務運營進行全面評估，削減近300萬美元的成本，調整勞動力規模，提高運營效率以縮短從銷售到安裝的時間表。這些措施預計將推動股東和客戶的價值創造，目標是到2024年第二季度末實現運營盈利。
2024年2月21日，可再生能源公司SinglePoint Inc. 宣佈收購波士頓太陽能剩餘的19.9％的權益，旨在提高其市場地位並實現短期盈利能力。該公司首席執行官威爾·拉爾斯頓強調了從2022年的1700萬美元增長到過去十二個月的3000萬美元收入，強調了從不惜一切代價增長模式向注重盈利能力以實現可持續增長的轉變。SinglePoint在邁克爾·莫利諾的領導下實施了戰略舉措，包括對業務運營進行全面評估，削減近300萬美元的成本，調整勞動力規模，提高運營效率以縮短從銷售到安裝的時間表。這些措施預計將推動股東和客戶的價值創造，目標是到2024年第二季度末實現運營盈利。
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