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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 Jul 14, 2023 11:53am
54 Views
Post# 35541339

RE:RE:RE:RE:RE:Back to boasting about the backlog and PDAs

RE:RE:RE:RE:RE:Back to boasting about the backlog and PDAsAt least.  I would guess anywhere between $6.5 and $8 million in revenues, compared to $5.6. 

If the results are weaker, then it really won't show a much better year than the Covid years.  That would be puzzling against the past narrative, but then the current year would be that much higher given the current size of the backlog which should be significantly grown further by many PDAs out there, not to mention the growth in products which are not subject to PDAs.

I think the second half of the calendar year and the first half of next should be very eventful....if they deliver and land on the current narrative and trends.  This "hope" has to play out differently than over the past decade and a half. 
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