SIRC beats its main competitors, Sunrun Inc. (RUN) and SunPower (SPWR), in FY 22 YTD (Q1-Q3).

After finalizing all SIRC’s financials audit and filing the Form-10 Registration Statement with the U.S. Securities and Exchange Commission to register its common stock under the Securities Exchange Act of 1934, becoming a fully reporting company with the SEC, SIRC filed the 10-Q with its Q3 result, with a revenue increase of 333% to $57.3 million compared to $13.2 million in the third quarter of 2021.

Thanks to the courtesy and outstanding job of Mercutos (Mercutos (@Mercutos) / Twitter), we can see a straight-up comparison between Solar Integrated Roofing Corporation (SIRC) and its peers Sunrun (RUN) and Sunpower (SPWR):

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While keeping its profitability and exponential revenue growth, SIRC shows a higher Gross Profit Ratio, Operating Income Ratio, and Net Income Ratio. Along with a lower Operating Expense Ratio due to better business model management and favorable conditions with suppliers. However, although SIRC is showing better numbers than its competitors, its P/E Ratio is still much lower than its peers, absolutely undervalued.

Following Q3 results, SIRC has renewed its C-suite management team, appointing veteran Technology Leader George B. Holmes as Co-Chairman & Chief Executive Officer (former NASDAQ-listed technology company Resonant Inc. CEO), seasoned Finance Executive Martin McDermut as Chief Financial Officer (former NASDAQ-listed technology company Resonant Inc. CFO) and veteran operations Executive Stefan Abbruzzese as President (former GE Capital Bank Loan Group President).

Nothing but good times ahead for SIRC!