<div id="readability-page-1"><div>SinglePoint Inc., a company specializing in renewable energy solutions and energy-efficient applications, has released its annual 10-K report. The report provides a comprehensive overview of the company's financial performance, business operations, strategic initiatives, and the challenges it faces in the competitive market landscape. Financial Highlights <ul><li>Revenue: $20.3 million, a decrease primarily due to an industry-wide decline in demand amid increased economic uncertainty.</li><li>Gross Profit: $7.4 million, an increase attributed to the company's focus on jobs with larger margins.</li><li>Net Loss: $28.9 million, an increase primarily due to higher operating and other expenses, partially offset by higher gross profit.</li><li>Income (loss) per share - basic and diluted: $(3.58), reflecting the impact of the reverse stock split and increased net loss.</li></ul> Business Highlights <ul><li>Core Business Operations: SinglePoint Inc. operates primarily through its subsidiaries, focusing on renewable energy solutions and energy-efficient applications. The main operations are conducted through The Boston Solar Company LLC, which provides solar energy solutions, and Box Pure Air, LLC, which offers air purification products.</li><li>Solar Operations: Boston Solar has installed over 6,000 residential and commercial solar systems in New England, primarily in Massachusetts, since its inception in 2011. The company is recognized for its superior products and exceptional customer service.</li><li>Air Purification Operations: Box Pure Air distributes high-efficiency air purification products designed for schools and commercial buildings, with exclusive distribution rights in several U.S. states. The company focuses on improving indoor air quality and safety.</li><li>Non-Core Businesses: SinglePoint holds interests in several non-core businesses, including Discount Indoor Garden Supply, Inc., EnergyWyze LLC, ShieldSaver, LLC, and Singlepoint Direct Solar, LLC, which provide various services ranging from agricultural products to digital marketing and vehicle repair tracking.</li><li>Market Opportunity: The company aims to develop a vertically integrated solar energy business with nationwide coverage, leveraging positive demographic and market trends. The air purification business addresses demand driven by COVID-19 and global pollution concerns.</li><li>Growth Strategy: SinglePoint focuses on accretive acquisitions and strategic relationships to consolidate market share and expand its geographical footprint. The company emphasizes diverse and competitive positioning across its principal businesses.</li><li>Centralized Management Support: The company provides centralized management oversight to improve margins by controlling costs and leveraging centralized capital and management capabilities.</li><li>Future Outlook: SinglePoint plans to continue building its portfolio through organic growth, synergistic acquisitions, and partnerships, with a focus on industries where the management team has in-depth knowledge and experience.</li></ul> Strategic Initiatives <ul><li>Strategic Focus: SinglePoint Inc. is focused on expanding its renewable energy solutions and energy-efficient applications through its subsidiaries, primarily Boston Solar and Box Pure Air. The company aims to build its portfolio through organic growth, synergistic acquisitions, and partnerships, with an emphasis on increasing market penetration and improving operating margins.</li><li>Capital Management: The company executed a 1-for-100 reverse stock split on August 15, 2024, increasing authorized shares from 192,307,693 to 6,000,000,000. It also engaged in various financing activities, including the issuance of convertible notes and the sale of common stock, to raise capital. The company has been managing its debt through conversions and settlements, including the conversion of debt into common shares and pre-funded warrants. Additionally, the company has been actively managing its lease obligations and other liabilities to maintain liquidity.</li><li>Future Outlook: SinglePoint Inc. anticipates funding its operations over the next 12 months through available cash, cash flow from operations, and proceeds from offerings. The company plans to increase revenue through sales of its services and products or through additional financing activities. However, there is substantial doubt about the company's ability to continue as a going concern due to recurring losses and a net working capital deficiency. The company is focused on achieving profitable operations and may pursue additional debt and equity financing to support its strategic initiatives.</li></ul> Challenges and Risks <ul><li>Competitive Market: SinglePoint Inc. operates in highly competitive markets, particularly in the solar and air purification sectors. The company faces challenges in maintaining market share against larger competitors with greater resources.</li><li>Acquisition Risks: The company’s growth strategy relies heavily on acquisitions, which may not always be successful or integrate smoothly, potentially disrupting operations.</li><li>Financial Risks: The company has a history of losses and may continue to incur losses, raising doubts about its ability to achieve profitability. There is a significant risk related to the company's ability to secure adequate capital funding, which is crucial for its continued operations.</li><li>Industry Risks: The solar industry is highly competitive and cyclical, with potential downturns affecting demand for the company's products. Regulatory changes, such as reductions in government subsidies and changes to net metering policies, could negatively impact the solar market.</li><li>Operational Risks: The company faces operational risks from supply chain disruptions and reliance on a limited number of contract manufacturers.</li><li>Internal Control Weaknesses: The company has identified material weaknesses in its internal control over financial reporting, which could affect investor confidence and the market price of its stock.</li><li>Economic and Market Risks: The company is exposed to market risks, including fluctuations in interest rates and the availability of project financing, which could impact the demand for solar PV systems. Economic conditions, such as inflation and geopolitical events like Russia’s invasion of Ukraine, may also affect the company’s financial performance and market conditions.</li></ul>SEC Filing: SinglePoint Inc. [ SING ] - 10-K - Sep. 10, 2025</div></div>

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SinglePoint Inc. has released its annual 10-K report, detailing a revenue of $20.3 million, a decrease due to industry-wide demand decline. The company reported a net loss of $28.9 million, with a focus on renewable energy solutions through subsidiaries like Boston Solar and Box Pure Air. Strategic initiatives include a 1-for-100 reverse stock split and plans for growth through acquisitions. However, challenges include competitive market pressures, financial risks, and operational weaknesses, raising doubts about the company's ability to continue as a going concern.

SinglePoint Inc. SEC 10-K Report