SinglePoint Inc. reported revenue of $26.3 million for fiscal year 2023, up 20.8% from $21.8 million in 2022, driven primarily by the full-year inclusion of Boston Solar revenues. Gross profit increased to $7.7 million from $6.3 million in the prior year.Operating expenses rose significantly to $23.3 million from $13.1 million, due to increased professional fees, consulting costs, and the full-year inclusion of Boston Solar operations. This led to an operating loss of $15.6 million compared to $6.8 million in 2022. Net loss attributable to SinglePoint stockholders widened to $17.7 million from $8.9 million in the previous year.The company ended 2023 with $0.8 million in cash and requires approximately $4 million to fund operations for the next 12 months. Management plans to meet funding needs through available cash, operating cash flows and proceeds from a December 2023 offering, though substantial doubt exists about the company's ability to continue as a going concern. SinglePoint continues to focus on its renewable energy solutions through solar operations and clean environment solutions through air purification business.

SinglePoint Inc. reported revenue of $26.3 million for fiscal year 2023, up 20.8% from $21.8 million in 2022, driven primarily by the full-year inclusion of Boston Solar revenues. Gross profit increased to $7.7 million from $6.3 million in the prior year.Operating expenses rose significantly to $23.3 million from $13.1 million, due to increased professional fees, consulting costs, and the full-year inclusion of Boston Solar operations. This led to an operating loss of $15.6 million compared to $6.8 million in 2022. Net loss attributable to SinglePoint stockholders widened to $17.7 million from $8.9 million in the previous year.The company ended 2023 with $0.8 million in cash and requires approximately $4 million to fund operations for the next 12 months. Management plans to meet funding needs through available cash, operating cash flows and proceeds from a December 2023 offering, though substantial doubt exists about the company's ability to continue as a going concern. SinglePoint continues to focus on its renewable energy solutions through solar operations and clean environment solutions through air purification business.