XsunX Reports Strong Revenue Growth of Over 300% for 2015 Fr
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This news is classified in: Sustainable Energy Solar

Jan 12, 2016

XsunX Reports Strong Revenue Growth of Over 300% for 2015 From Its Solar Power Solutions Business

XsunX, Inc. a leading solar and energy saving technologies provider, today provided performance highlights from the company's 2015 business expansion efforts, including pricing advantages it has developed for its solar carport offerings.

In the 2015 period the company made significant improvements in operational efficiencies reducing total operating costs while at the same time tripling revenues year-over-year for the sale, design, and delivery of its affordable state-of-the-art solar power systems.

The company entered January 2016 with projects under way totaling over $630,000, and believes business trends point towards continued sales growth throughout the current fiscal year 2016.

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The product group the company was most excited to further develop in 2015 was its solar carport offering. With roof-top solar often encountering logistical limitations, solar carport systems provide the opportunity to offer customers larger project sizing, diversity in the use of existing open areas, and greater electricity savings.

"Our goal was to significantly improve the affordability of the carport systems we market," said Tom Djokovich, CEO of XsunX, Inc. "Over the year we achieved that goal through improvements to how we source materials and expansion of our project management capabilities. This allowed us to reduce our solar carport structure installation costs by approximately 35%, and total system install costs by 15%, which we believe provides us a significant affordability advantage in our sales efforts without having to sacrifice margins."


XsunX, Inc.