RE:New Press Release - Thermal Energy International Announces Record Order Intake for Fiscal 2024 and Record Order Backlog to Start Fiscal 2025 The order intake is a bit of a limiting number as it contains amounts that have already been booked as revenue in the finanancial statements and part of backlog.
Backlog at 40% higher signals a sprinting start to this fiscal year.
With so many PDA's outstanding, I suspect that this fiscal year will show a much greater increase in order intake by the end of the fiscal year. Still expect a bit of zig-zagging over the next year but with investments into growth, the overall performance over the next few years is positioning to be strong IMO.