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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 Jan 27, 2022 8:18am
116 Views
Post# 34365829

RE:Q2

RE:Q2A mixed bag for the last quarter but I think it is about the signs of a decent future. HeatSponge doing well, other stuff seems to be constrained by covid but that will pass. The one thing they have to stop doing is giving equipment away. I commented even pre-Covid how ridiculously low the paybacks were for the clients on some deals, especially considering that TEI is a microscopic bug compared to the many clients it serves. It subsidizing the giants is ridiculous. And now with the carbon pricing increasing in multiples and the natural gas prices going through the roof, including labour and supply costs rising, there is no way that Crossland can continue doing business without jacking up the prices significantly and hitting historical gross margins over 50%. The paybacks would still be great, not making much difference to the clients, but making a big difference to us. Let's go, start setting us up for success post covid. Having said all this, we are a 12 cent stock, and a lot of this speaks to the great potential that this company has. More aggressive sales posture + increased pricing and we are good.
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