RE:RE:Q2 report out, and it looks great!Hey Matt2018,
Most of their sales and earning are probably going to come in the second half of 2024, as they have previously stated. The only caveats perhaps preventing this would be poor order timing/receipt predictability (which is out of their control somewhat) or more possible supply chain issues, which they have warned against on both. They have also made the great statement that future sales are now less dependent upon oil prices but rather only going to depend upon the further adoption of complete TRS Systems by their present and future users. And they made that statement with “high confidence” given the huge success of some of their latest TRS products that have recently rolled out. Just look at the large number of Spiders sold already this year!!! With the just released refinements and enhancements in the CRT, that could substantially add to much higher overall future sales. However, when I note the size ($19.9 million) of the second quarter, driven by these new TRS System sales, it gives me faith to project Q3 sales of $24.7 million with $0.14 in net earnings per share, and then Q4 sales of $28.0 million with $0.16 in earnings per share. That is a HUGE LEAP (and new record quarterly sales levels), but seems really doable, considering everything they have indicated, thus far. Plus, they do not give out published forecasts (they only have inside forecasts targets based for MCB management compensation – but I believe mine are very, very close). So, that is how I get to $87.1 million in sales with $0.46 earning for 2024. Now, it may be even low, if they have much higher success than what I am predicting, which is further possible. MCB stock has been held back by some very heavy selling lately (almost one million shares, namely by Raymond James). Once that is finished, and when everyone finally realizes the size of these new metrics, I anticipate the stock to move up and beyond new multi year trading highs. All this information is based upon my own research and opinions, but I believe factual.
Angles