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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 Mostlyseriouson Apr 25, 2023 9:42am
75 Views
Post# 35412139

RE:RE:Profit, sales, backlog

RE:RE:Profit, sales, backlogNew business is described as "The Company has also received $2.3 million in new orders subsequent to the February 28, 2023, quarter-end bringing the current order backlog to $18.5 million as of April 20, 2023."

That is just north of $1 million per month without any individually worthy contract announcements.  In this context, annualized revenues would be equivalent to those of the pandemic years which would be poor.  So, we have to continue waiting to see the proof of "
we have a robust and growing business development pipeline".  Surely, or I hope, Crossland will not be reminding everyone of the once-in-his-tenure sales spurt that happened last year as an example of great execution instead of having it replicated continuously.

Wait continues.
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