QualityStocksNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Releases 2021 Annual Financial Results, Names Newswire Partner
Correlate Infrastructure Partners (OTCQB: CIPI), a technology-enabled provider of energy optimization and clean energy solutions for the U.S. commercial real estate industry, is reporting its audited annual financial numbers for the year ending Dec. 31, 2021. Highlights of the report include revenue for the year of $98,446 compared with $170,719 for fiscal year 2020 and gross profit of $9,695 compared to a loss of $65,259 in 2020. The company noted that the reduction in revenue was the result of its heavy focus in R&D and technology build-out now being commercialized in 2022. CIPI operating expenses decreased to $84,944 compared to…