Ballard numbers
Ballard's revenues rose 9% to $25 million. Xebec's will be up at least 70% to about $20 million. Ballard lost 5 cents per share. Xebec will probably make 2. Ballard gross margins were 21%. Xebecs will be about 32%. Ballard's backlog fell to $155 million. When Xebec converts its Alberta Lou's to contracts, its backlog will be $126 million. Ballard is capitalized at $4.8 billion.
GLTA