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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 Jul 16, 2024 3:46pm
128 Views
Post# 36135409

RE:market reaction

RE:market reaction

Regardless of the pace of implementation which can just be timing of when the bigger contracts have been signed, I would say that the biggest disappointment is 9% growth in sales intake over the past year.  That does not translate into "strong demand",  And agree with you that it is time to move past the immediate post-pandemic years.  

Given that the company is cash flow positive and profitable, and the share price, we are still good.  But signing has to accelerate...PDA growth is much higher than 9%.  And have to start employing some strategic marketing moves to move the intake needle.

i think the timing of the NR is unfortunate.  I don't think the SP was moving in anticipation of such an NR but some may be thinking it was and are dumping the stock on this not exciting news release.  Killed the momentum.  Prime example how not to time a discretionary news release.  Their investor relations continues to need improvement given how cyclical SP highs are becoming.

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