TMG - Check it out THERMAL ENERGY INTERNATIONAL (TMG)
TMG is an established GLOBAL supplier of proprietary and proven energy efficiency reduction solutions to the industrial and institutional sectors. They save their customers a significant amount of money while significantly reducing carbon emissions. TMG has had it's growing pains like every other company, however, in 2009 William M. Crossland was appointed President and Chief Executive Officer. This was the turning point for TMG. It has taken a number of years but TMG has finally succeeded in turning the ship around. And in a big way.
On September 20, 2016, TMG released their year end financials. Here are some year to year highlights:
*Revenue increased 82.4% to $12.4 million in fiscal 2016
*Gross profit increased 87.3% to $6.8 million in fiscal 2016
*Net income improved to $259 000 in fiscal 2016. This was up from a net loss of 2.2 million in 2015
*As of September 15, 2016, TMG has an order backlog of approximately $7.3 million compared to 5.9 million in 2015
***Of note - on September 28, 2016, TMG announced a $1.7 million contract to add to their current backlog
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