News Article
XsunX revenues boosted
The CIGS solar cell provider has seen increased sale of its new solar systems
XsunX, Inc., a provider of CIGS solar energy solutions, has accelerated the sale of new solar systems, resulting in increased revenues.
The company says it has also met its gross margins target.
Tom Djokovich, CEO of XsunX, comments, “Everything we are doing appears to be headed in the right direction, which has allowed the company to begin to record revenue from completed systems with initial gross margins in excess of 30 percent. At the same time, we have nearly halved our operational costs and losses. With the sales through project delivery cycle requiring about three to six months for commercial systems, we are pleased to see that our early efforts are now resulting in so much positive momentum.”
XsunX works directly with new business customers to document the financial benefits available from solar PV for their businesses, and then provides project design, engineering, and turnkey warranted installation.
In addition, and dependent on the client’s ability to monetise the substantial tax benefits provided through solar investments, the company offers zero down financing programs that allow customers to save through substantial tax benefits or immediate and meaningful monthly reductions to cash flows delivered through a low cost lease-to-own option.
Djokovich adds, “Our system designs, technology, pricing, and finance options are exceptional and we have been addressing an under serviced area of the solar industry - commercial system sales - with growing success. Our goal now is to add to the millions we have in bids, close more sales, and grow revenues exponentially. We are hiring sales executives to help accelerate our project bid volume. With our added financing programs, and the addition of new sales personnel, we hope to continue our progress towards profitability.”
The company says it has also met its gross margins target.
Tom Djokovich, CEO of XsunX, comments, “Everything we are doing appears to be headed in the right direction, which has allowed the company to begin to record revenue from completed systems with initial gross margins in excess of 30 percent. At the same time, we have nearly halved our operational costs and losses. With the sales through project delivery cycle requiring about three to six months for commercial systems, we are pleased to see that our early efforts are now resulting in so much positive momentum.”
XsunX works directly with new business customers to document the financial benefits available from solar PV for their businesses, and then provides project design, engineering, and turnkey warranted installation.
In addition, and dependent on the client’s ability to monetise the substantial tax benefits provided through solar investments, the company offers zero down financing programs that allow customers to save through substantial tax benefits or immediate and meaningful monthly reductions to cash flows delivered through a low cost lease-to-own option.
Djokovich adds, “Our system designs, technology, pricing, and finance options are exceptional and we have been addressing an under serviced area of the solar industry - commercial system sales - with growing success. Our goal now is to add to the millions we have in bids, close more sales, and grow revenues exponentially. We are hiring sales executives to help accelerate our project bid volume. With our added financing programs, and the addition of new sales personnel, we hope to continue our progress towards profitability.”
