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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 Sep 27, 2023 8:54am
114 Views
Post# 35656436

RE:Excellent Quarter

RE:Excellent QuarterI had a range between $6 and $9 but it really didn't matter to me because of the backlog.  Greater quarter now takes that bit away from 2024.  Smaller quarter now adds that bit to 2024. So it is kind of a pro/con situation looking at the medium picture.

It's all about the backlog and as at the begging of this month, we have some $21 million to add to.  That is solid.  And expenses are partly up because of investment into people, including saels, for growth....hopefully in response to the workload and growing client requests.

I hope that 2024 sees equal or better 33% growth on top of this post-Covid turnaround year.

Hit us with a few sales contract releases over the next couple of weeks and there should be folk finally taking notice that the worst should be behind us, forever.
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