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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

Comment by canyousayiiion Oct 19, 2021 8:50pm
107 Views
Post# 34025203

RE:rere:"maybe of interest...

RE:rere:"maybe of interest...Fun with numbers. In 2012, TEI had $13M revenues. That is almost a decade ago, when it had a lot less staff, a smaller client base, and without BEI. So, once post-Covid recovery really kicks in, this thing really needs to fire up and easily challenge the $30 million revenue mark within a couple of years, without any acquisitions. Effectively, had TEI grown at only 10% per year since then, without COVID it would have reached that revenue level by now (without BEI). No need to comment on the advertised 30% growth rate....but just for fun, that would have been over $130 million revenues now. The moral of the story is that we don't need spectacular execution from all the investments once we get over this Covid thing to do just fine. Get to pre-pandemic level and then grow at a consistent 20% clip as a minimum target given the size of the company and opportunities out there. But hey, if they are able to continue promoting 30% growth, no complaints! Until then, let's see some of those delayed contracts sprout.
TMG12FORWRD wrote: 2015-2020 October had contract/s excepting 2016..  There were 2 contracts per year in maybe 3 o0f those 5 + October years.
We still have the rest of this week and the week following to hopefully see a contract of significance for October/21.  And, hopefully another will occur in nov.-Dec.  This would be a strong sign of recovery from 2020 and of moving forward..




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