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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 proneon May 18, 2024 3:18pm
139 Views
Post# 36047459

Revenue is declared…..

Revenue is declared…..Upon project completion.
So the current 3rd qtr financials are solid based upon known facts.
Back log is made up of project value at the start of a contract that may involve months of activity before revenue is declared.
Momentum is seen in the increases in PDA start ups, increases in Back log in orders received,  and in the resulting increases in the financial metrics.

Your surmizes are aimless mumbo jumbo.

Stop smoking bananas.!

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