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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 21, 2024 3:26pm
67 Views
Post# 36141876

RE:RE:RE:RE:IR is reaching out ....

RE:RE:RE:RE:IR is reaching out ....The "second" was my tongue-in-cheek comment and I think many of us have the same thought.  They simply have to be better with their communication, especially if they have paid "experts" behind the scenes.  Your example is one that does not require expertise.  From my perspective, it was an unnecessary news release because the portrayal of what happened last year is not extraordinary.  They have to put some context around the 9% growth figure because to me that is inot a figure I would expect after all the emphasis of strong demand.  That is one bigger-ish contract signed during the year.  It is almost rounding.  Yet they will still throw the 30% figure around,  Growing the top line annually by 30% gets us somewhere.  That won't happen with a 9% order intake growth.  I guess we need to better understand what Crossland considers "strong demand".  Maybe he is happy with any increase. And let's not even go into how they should be increasing prices to just cover inflation on various components which could require a 5% annual revenue increase to stay flat...as an example.

Anyhow, the PDA growth to me seems the biggest over the year.  That is not in the order intake nor in the backlog.  That will determine how good or poor the order intake will be next year and it's gotta be significantly stronger to have a slim chance at this point of reaching analyst's numbers, which surely must have been discussed to some extent with management.

The wait continues and not holding my breath during the vacation season, especially in Europe.
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