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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 Jun 06, 2024 8:34am
78 Views
Post# 36074808

RE:RE:RE:RE:an exciting time

RE:RE:RE:RE:an exciting timeThe vast majority of projects is expected to be completed within 12 months.  So, expect these to hit the books in Q4, Q1, Q2 and Q3.  I can't be bothered to try to spread them out individually by quarter.  We just entered Q1 so things that get signed in Q1, Q2 and Q3 could add a portion of those amounts to this period depending on whether it is custom equipment or turnkey projects.  I am eyeballing an average 45% gross margin.  Other than that, I expect continue positive cashflow and profit, and the extent depends on whether they make additional investments for accelerating growth - I hope they do.
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