- Correlate posts significant increase in Q2 revenue from $1,584 in 2021 to $236,690 in 2022
- Customer deposits have also increased, from $0 during the same period in 2021 to $1,114,154 in Q2 2022, while operating expenses have grown from $4,937 to $1,444,794
- Correlate has attributed the growth to the increased emphasis on commercialization, a shift from previous quarters that focused on product development
- The company hopes to maintain the current trajectory in performance, mainly banking on helping its commercial customers increase their NOI while also maturing its aggressive acquisition strategy
Correlate Infrastructure Partners (OTCQB: CIPI), earlier released its results for the 2021 financial year, where CEO Todd Michaels expressed his optimism for 2022, mainly banking on the learnings from 2021 and building on the company’s focus toward more revenue-generating initiatives.
“In 2022, we anticipate revenues to increase with the expansion of operations, sales channels, and repeat business from our 2021 portfolio of…
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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