GREY:XEBEQ - Post by User
Comment by
barackon Sep 07, 2017 2:22pm
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Post# 26667842
RE:RE:RE:Did I miss the train
RE:RE:RE:Did I miss the train11.6. Outlook Summary The timing and full realization of the opportunities above, under the current market environment, cannot be assured or specifically established. It is however important to understand the magnitude of these opportunities and the transformative impact that any one of them will have on the business going forward. Over the past few years, we have taken significant steps to reduce operating and product costs, streamline our operations, and we are in the process of strengthening our consolidated financial position and repair our balance sheet. While we may still see volatility in our revenue over the short-term, our expectations for the long-term are that our revenue trend will continue to improve. At August 25, 2017, our order backlog was CDN$ 8.9 million (August 29, 2016 – CDN$ 5.8 million) spread across our three business segments and numerous geographical regions. Xebec expects to be converting the complete backlog into revenue in Fiscal 2017.