RE:possibleI: No confusion. They are working on a prototype.A wise investor always investigates potential problems and you view the "enhanced" CRT as a temporary problem, even though it's being introduced in the current quarter.
I think that's not a big, if any delay, to the end of the rainbow which is the TR intregrated suite which has other components that have yet to be commercialized.
Now a smart company , and McCoy probably is one , which is revolutionizing casing running tools , might introduce and commercialize a product , the CRT , and then take customer comments and requirements and improve it . Software companies do this all the time.
I have no idea of your intrepretation of prototyping but I highly doubt the company is starting at ground zero by changing the physical structure of the equipment because the prototype seems just about ready (Q2).
Most likely , the enhancements are software related which can be corrected rapidly.
https://www.baeldung.com/cs/software-prototyping
Here's my third post ever which was about MCB , as was my second post , so to use some of your words , I've been on this path awhile and I think I can be realistic and critical.
Post by
Possibleidiot01on Nov 12, 2019 6:53pm 
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Post# 30342526
margin of safety
A less than wonderful , I would say a mixed , quarter. Lower revenues if you take over the carryover from Q2.. Lower sales in the continental U.S.
- Customer orders of $9.4 million, compared with $17.0 million for the three months ended June 30, 2019
- Backlog2 of $9.8 million, compared to $15.4 million for the three months ended June 30, 2019. McCoy assumed a further $2.0 million of order backlog in connection with the DrawWorks acquisition that closed on October 2, 2019.
- Book-to-bill ratio3 of 0.62, compared to 1.48 for the three months ended June 30, 2019
On the other hand , product mix shifting from aftermarket consumables and replacement parts to capital equipment as customers have begun to replace existing end-of-life equipment.
- And best of all , turned a profit, and the stock ,with a market cap of just over $17 million, had ,as of September 30, 2019, $12.1 million in cash and cash equivalents, of which $0.5 million was restricted per the conditions of its credit facility.
- I think there is a margin of safety here - company unlikely to disappear unlike some in the oil patch