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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 Possibleidiot01on Apr 25, 2024 8:16pm
171 Views
Post# 36008429

RE:RE:RE:Pathetic P/R and conference Call mask a great Quarter

RE:RE:RE:Pathetic P/R and conference Call mask a great QuarterI'm no  expert here but if you listened to the call - turnkey projects are , if I remember right , up to 50% of revenues , up from 1/3 awhile back during COVID

This is you can better build it for they will come part of the story.; it's also extremely hard to tell when that will happen.

I know nothing , but being a possibleidiot I can easily believe life/business doesn't always work out as we plan.

I own shares in Biorem and I'll highlight an important point.

"BIOREM's revenues for the third quarter were $5.5 million, a 29% increase over the previous quarter but 25 % lower than the $7.3 million of revenues reported in the same quarter in 2022. Year to date revenues totalled $13 million, a 28% decrease over the $18 million reported for the first nine months of 2022. The decrease in revenues for the first nine months of 2023 compared to the prior year continues to be entirely due to delays in customer project construction schedules that were beyond BIOREM's ability to influence."

Biorem like Thermal Energy works on capital projects and when you work with partners , stuff happens .
This isn't windows , at least in my eyes.


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