NEW YORK, Nov. 19, 2015
NEW YORK, Nov. 19, 2015 /PRNewswire/ -- Solar3D Inc. (NASDAQ: SLTD) a leading provider of solar power solutions, announced recently that the Company is increasing its guidance to $48-$52 million in annual revenue from its previously issued guidance of $40-$45 million. The guidance does not include revenue from acquisitions yet to be completed this year.
The increase in market guidance is based on the Company's recently released sales figures, as well as its extensive sales backlog. Last week, the Company announced revenue numbers of $19.7 million for Q3 2015, more than triple the $6.4 million reported for Q3 2014 due to strong SUNworks organic growth and the addition of MD Energy. With a sales backlog of nearly $30 million, the Company is confident in its continued sales success, allowing Company leadership to focus on identifying profitable solar companies to add to its portfolio of operation divisions.
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