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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 AlbertESGon Jul 16, 2023 6:24pm
84 Views
Post# 35543394

RE:RE:RE:RE:Back to boasting about the backlog and PDAs

RE:RE:RE:RE:Back to boasting about the backlog and PDAs
I estimate the backlog at the end of FY23 to be in the neighborhood of 13.3MM. My logic is as follows:

Start of FY backlog:  4.9MM
Add order intake for the FY:  27.3MM
Less Q1 revenue of 3.1MM
Less Q2 revenue of 4.2MM
Less Q3 revenue of 5.6MM

Equals 19.3MM in available orders to the end of the FY. Now pull out the Q4 revenue; I used 6MM which is mostly a guess, but it seems reasonable. 19.3MM less the 6MM and there you have it, 13.3 MM in backlog with a plus or minus of maybe half a million or so.



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