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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. is a Canadian clean technology company. The Company provides energy efficiency and emissions reduction solutions to the Fortune 500 and other multinational companies. The Company operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The Company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEM steam traps). The Company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). The Company has two operational bases, one in Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by RJSullivanon Oct 20, 2016 10:12am
92 Views
Post# 25365323

Solid quarter + strong backlog

Solid quarter + strong backlogNot sure what people are complaining about. Looks like a really solid quarter. Sales were down a bit, but gross profit was way up and backlog is strong. If you look at the charts they put up on their webiste it looks like it may be one of their best first quarters ever.

Clearly more big sales order announcements are needed to keep the day traders happy. 
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