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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

Post by Possibleidiot01on Apr 25, 2024 8:16am
137 Views
Post# 36006638

quarter to quarter

quarter to quarterQ2

Order backlogii: $17.5 million as at Nov 30, 2023 and $23.6 million as at January 23, 202

Q3

Order backlogii was $20.4 million as at February 29, 2024 and $22.9 million as at April 24, 2024

Q2

Cash position $3,424      
Working capital $3,492  

Q3

Cash balances and working capital remain strong at $7.5 million and $3.4 million respectively.

BIg increase in cash ,it seems .

I'd call this a stable to improving situation given the stability of backlog and working capital and more cash on books and slightly higher ( hoped for more ?)  revenues.

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