Solar Energy Initiatives Inc. (SNRY.OB) Posts Q1 2010 Results, Reporting 321% YoY Revenue Increase
Solar Energy Initiatives Inc. today announced a triple-digit increase in year-over-year revenue, reinforcing the importance of its mission of reducing the world’s dependence on fossil fuels through the sale of solar thermal and photovoltaic (PV) technologies. Solar Energy reported $1.0 million in revenue for the first fiscal quarter of 2010 (ended October 31, 2009), a 321 percent increase in year-over-year revenue. The company said project expansion and strategic agreements with several entities got the company on track to achieve its goals and provide optimism for the upcoming year. “Solar Energy Initiatives believes that the Company has established a strong foundation…