RE:Nice results and positive outlook Management guiding towards better results in 2nd half .
"Management looks forward to the next phase of the Corporation's development" said
, President and CEO. "A strong backlog; healthy bidding activity and a number of exciting new products ready for market release provides us with the tools necessary to achieve growth in the coming years "
"The organization continues to carefully plan for customer and supply chain disruptions due to on-going pandemic restrictions. While we expect some challenges with project delivery in 2021, a number of new initiatives are underway with results expected to begin to be realized towards the end of the year. All in all, a very exciting period for our company."
Seems like Q4 was a high water mark .
"The significant increase in the 2020 fourth quarter revenues compared to the previous quarters was largely due to differences in project delivery time lines in the quarters and to some project delivery delays in the prior quarters."
"The significant increase in the 2020 fourth quarter revenues compared to the previous quarters was largely due to differences in project delivery time lines in the quarters and to some project delivery delays in the prior quarters."
Market capitalization at 59 cents of $22.890,000 with cash of $8.6 million and working capital of $10.5 million. Inexpensive.
Cash continuing to buid on the books - "On December 31, 2020 the Company had cash on hand of $8.9 million and working capital of $10.5 million compared to $6.5 million and $8.6 million respectively in December 31, 2019.."