market reactionObviously , investors aren't happy.
I'm not unhappy but I'm a little confused ; some of which is due to the two year comparision ( could we just use a year to year comparision and get rid of the COVID hangover , Bill).
"During the 12-month period, the Company received orders totalling $29.7 million, representing increases of 9% year-over-year."
"Additionally, order backlog2 at the end of May was up approximately 40% compared to a year earlier."
When I read this , my brain hurts - does this mean the company capacity is not big enough to fill the orders? I know some of this is bigger contracts that may be partially completed but I wish there wa
s more clarity than this release provides.
If anybody can explain this , I'd appreciate the explanation.