Envision Solar Announces Record Revenues in 2015 with Positive Gross Margins in the Fourth Quarter
SAN DIEGO, CALIF. – (March 31, 2016) – Envision Solar International, Inc., (OTCQB: EVSI) (“Envision Solar,” or the “Company”), the leading renewable energy, media and branding and EV charging product company, released 2015 financial results on March 30, 2016.
For the year ended December 31, 2015, the Company’s revenues were $2,642,207 compared to $1,033,438 for the same period in 2014. Revenues earned in the period were primarily earned from the production and delivery of the Company’s EV ARC™ products. A significant portion of 2015 revenues was derived from sales to Google and the State of California. Management believes that the Company can maintain the growth trend in revenues, while reducing costs to produce and deliver the products.
“The team is executing and our strategic plan is bearing fruit,” said Desmond Wheatley, CEO of Envision Solar. “It’s pretty simple – sales lead to more sales and higher volumes lead to increased efficiency and reduced costs. We are targeting rapid growth verticals with unique products, which deliver real value both in the US and overseas. I am confident that we will continue to experience growth and I believe that it will accelerate as we break new barriers such as our recently announced overseas delivery.”
About Envision Solar International, Inc.
Envision Solar designs, manufactures and deploys unique, renewably energized, EV charging and media and branding systems. The company’s products include the patented EV ARC™ and Solar Tree® product lines. All of the Company’s products can be enhanced with EnvisionTrak™ patented solar tracking, ARC Technology™ energy storage, SunCharge™ Electric Vehicle Charging Stations and digital advertising packages.
Based in San Diego, the company integrates the highest quality components into its Made in America products. Envision Solar is listed on the OTC Bulletin Board under the symbol [EVSI]. For more information, visit www.envisionsolar.com or call 866-746-0514.
This Press Release may contain forward-looking statements regarding future events or our expected future results that are subject to inherent risks and uncertainties. All statements in this Report other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. Statements contemplating or making assumptions regarding actual or potential sales, market size and demand, prospective business contracts, customer orders, trends or operating results also constitute forward-looking statements. Our actual results may differ substantially from those indicated in forward-looking statements because our business is subject to significant economic, competitive, regulatory, business and industry risks which are difficult to predict and many of which are beyond our control. Our operating results, financial condition and business performance may be adversely affected by a general decline in the economy, unavailability of capital or financing for our prospective customers to purchase products and services from us, competition, changes in regulations, a decline in the demand for solar energy, a lack of profitability, a decline in our stock price, and other risks. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Current results and trends are not necessarily indicative of future results that we may achieve.