RE:RE:Q2Increase of 3 since the presentation a couple of months ago. These are paid studies and does not speak to others. I think these were described in the $1 to $3 million range and not necessarily mega projects. As I just recapped this, I hope that the number of project proposals that do not require paid studies is greater, especially since they may be more "routine". One paid study per month, translating into one contract per month down the line will not cut it. Revenues gotta ramp up to over $30 million quickly once the pandemic is over since the 2030 window is closing in. Good to see some hirings, but if they have the formula down, once pandemic uncertainty is over and business starts ramping up again, they should ramp up more aggressively. Lots of potential given the current SP.
stockpickman wrote: looks like the pipeline is building nicely....from 11 to now 14......I wonder if any of these projects include a Dry-Rex or Co-Gen solution !!!!! Regardless what the content is, hoping the pipeline continues to build fast and the existing PDA orders turn into Contracts
However, in the Last Twelve Months (LTM) ended November 30, 2021, Thermal Energy have received 14 PDA orders. This is 55% higher than the pre-pandemic high in fiscal 2019 levels and the Company currently has the highest number of projects under development in its history.