RE:RE:How much business do we do with NFI?Just trying to figure out what rev will look like this year.
$5.8M in H1. We don't know what the record backlog was as of Feb. 2022. We have the $1.9 and coming $5M. Those 2 should be delivered in 2022. That takes us to $12.7M min. If the record backlog is just over $4M, this should allow us to surpass the $17M in rev for 2021. We also know they secured components to produce product and are waiting for additional orders.
Any thoughts on not being able to hit $17M min. in rev?
Steady77 wrote: The $7 million backlog does not include the $5 million contract just approved.
From the Q2 earnings report: Sales Backlog
Subsequent to February 28, 2022, the Company announced aggregate orders of approximately $1.9 million. The Company is also aware that its bid submission on an approximate $5 million contract with a major customer was successful. The Company expects this will additionally contribute to the sales backlog but cannot be assured since the Company has not yet entered a purchase contract with the customer.