Trends I see in the numbers provided (not just in this NR)
Adding up the sales announced after May 31, 2016 (so sales made in the new FY up to November 2) = $7.246M + $1.95M in sales since November 2, 2016 (which I deduced using the two last backlogs announced $7.8M on Oct. 20 and $7.9M on Jan. 19, 2017 and the revenues announced, maybe I am wrong here), I get $9.196M in new sales up to now (2017 FY).
These sales cover a 233 day period.
If we extrapolate that number over a 365 day period, we get $14.4M in sales (remember, not revenues that would be announced for this FY, but sales that could translate in this and the following FY, so my calculations are just an attempt to take a look at the trend in sales.
- First observation: positive trend if we take the whole period into account.
- Second observation: we, those who want to find the true balance between what numbers can say on the positive and negative sides, are force to acknowledge that there appears to be a reversing of the trend in terms of sales, starting after the last sale announced ($1.25M on Nov. 2). Up to that date, contracts were rolling in at a very healthy pace and justified the enthusiasm showed by the market and posters.
That trend was maybe due to the Paris Accord and general hype surrounding carbon reducing strategies, in addition to the energy savings that companies wanted to achieve regardless of the ecological incentives. Since November 2, the sales I see could be extrapolated to a year of $9.196M over a year, which would be a decrease.
Since the period is too short, we cannot decisively conclude that the decrease would be due to the new political environment created by the election of Trump and his alternate reality crew, but that reason could partly explain what is happening. In addition, we could start counting each period at a different date and obtain somewhat different results.
But what looked like a significant development in the company’s outlook (end of summer of 2016) looks shakier at present. A couple of major contract announcements in short order could take us back to that uplifting period of time when TMG seemed just so full of promise. But we’ll have to wait to see where our chips fall in the next few weeks and months.