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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It 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 (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Comment by canyousayiiion Nov 25, 2021 10:51am
62 Views
Post# 34165085

RE:RE:RE:RE:12.5 cents

RE:RE:RE:RE:12.5 cents Any quarterly loss can simply be attributable to insufficient revenues, function of sales effort and then timing of implementation. Nothing wrong with hiring and training juniors for more routine jobs and to build experience for future capacity but need experienced folk to identify new opportunities and "non-regular" projects. Simply don't have enough information to figure out whether the sales folk or junior/senior engineer mix is the problem, but I just can't help but wonder why a simple answer may be that you may need more of every one of those if the market is so promising. All we can conclude is that we aren't going to be growing fast without a steady stream of contract wins and it is the job of the board and management to figure out whether the current long lulls and activity behind the scenes is reasonable in the context of those market opportunities. I appreciate the increase in paid studies, but I don't appreciate them in the absence of their scale (figuring between $1-$3 million) and in the absence of opportunities in turnkey and custom products that are not captured in this metric.Don't see how one can make a "compelling" presentation to new potential investors without a broader picture. I slap on a $2 million average to 11 paid studies and come up with $22 million in revenues to be maybe realized over the next couple of fiscal years. Given our pre-pandemic fiscal year revenue of $21 million, not sure I can wrap my head around this pointing to some large growth. But that is just me.
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