- SinglePoint Inc. reported Q12020 financial results with revenue increase of 309% to $1,075,222
- Solar subsidiary Direct Solar America was key driver for sales with company amassing record pipeline of solar bookings
- SinglePoint’s Hemp cigarette brand, 1606 Original Hemp, witnessed skyrocketing sales, with revenues rising 133% QoQ in Q1 2020
- Along with strong operational results, the company is taking steps to strengthen balance sheet
In this largely turbulent time for global markets, strategic thinking is necessary for survival. SinglePoint (OTCQB: SING), a publicly traded company dedicated to acquiring businesses focused on emerging technologies, recently published its quarterly financials for the period ending March 31, 2020—which, due to the company’s forward and innovative thinking, showed its continued growth (http://cnw.fm/A6GOy).
SING announced record revenues, with first quarter sales rising by 309% year-over-year to $1.075 million. The results further revealed that first quarter gross profit had also risen by 309% to $309.6 thousand, with SinglePoint maintaining its gross margin. Nevertheless, the company cautioned that its various business units had begun to witness the…
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING
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