- The company closed Q2 FY22 with revenues of only $10.3 million, and the net loss came in at $1.9 million.
- I continue to think that the business of Solar Integrated Roofing isn’t worth much in its current state.
- However, short-sellers should start thinking about closing their positions as the company recently inked a $42 million equity purchase and plans to launch a share buyback.
- In my view, this move is likely to boost the share price in the near future.
For further details see:
Revisiting Solar Integrated Roofing - Funding Secured And I'm No Longer Bearish
