RE:Mini drought?
I believe that the perception is that the recent flurry of orders is just a catching up of orders from the "lost years" of the pandemic. It was the holidays though, so that could explain it, but regardless, we need to see 1-2 contract announcements per month if the demand is truly sustainable and "unprecedented".
Another thing that concerns me is the lack of insider buying. If business is looking "exceptional", why haven't insiders purchased any shares? Absolutely zero buying in the past twelve months. Nor have any of the millions of the in-the-money options been exercised. Why not?
Q2 results will be very telling. If it was another money losing quarter, the balance sheet will look very nasty. I'm not sure what kind of debt covenants are in place, but we must be getting close to having some of the loans called back in. If on the other hand it was a profitable quarter, I'll certainly breathe a sigh of relief.