Broad Street Alerts -- Solar3D Due Diligence Report: Absorbing Heat Before Takeoff

Donnerstag, 19.11.2015 14:25 von PR Newswire - Aufrufe: 332

PR Newswire

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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This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company refers interested persons to its most recent Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The company assumes no duty to update its forward-looking statements

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