Post by
tamaracktop on Apr 22, 2024 8:08pm
JUST TRY TO SPIN THIS IN A POSITIVE LIGHT
Pyrogenesis ended Q1 2023 with a backlog of $32.4 million, and ended the year with a backlog of $28.8 million.
Revenues in the final three quarters of 2023 totalled $9.73 million.
Backlog AND revenues both dropped last year.
Revenues were only $6.13 million more than the decline in backlog.
The company isn't signing new business, and has inadequate funds to work off backlog.
Try to explain how revenues and backlog are dropping at the same time.
Better still, try to explain how revenues are dropping FASTER than backlog.