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Bullboard - Stock Discussion Forum Solar Alliance Energy Inc V.SOLR

Alternate Symbol(s):  SAENF

Solar Alliance Energy Inc. is a Canada-based energy solutions provider for commercial and industrial solar installations. Its segments include Solar EPC and Solar Generation. It provides commercial solar design, engineering and installation. Its Sunbox solar system includes solar panels, battery storage, an inverter, optimizers and racking for a complete solar solution. Along with residential... see more

TSXV:SOLR - Post Discussion

Solar Alliance Energy Inc > Excellent Q results Highlights
View:
Post by Acura001 on May 31, 2024 6:14am

Excellent Q results Highlights

More information to follow today but. Here is the outline.

Q2024 Revenue: $1,664, 857 vs Q2023 of $974,577. A +65% increase in Top Line Revenues!!!

Gross Profit of $646,000 vs a loss of ($265,000) last year.

Net income of $195,000 vs a Net loss of ($1,144,000) last year.

These are massive improvements and the company is in the Positive Green. Not a lot of company having a SP of 5 cents pull in those numbers. Very very positive. More to follow today with official company update.
Comment by LongTbuffet on May 31, 2024 6:36am
Well well well. They finally made some moula. I guess once they get more contracts and the 8.5M threshold is met, it will be really green. The market should respond in a positive way to these results. The new SP floor should be 10 cents minimum. Will see how long investors will be treated to a bargain of 5 cents.
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