Something to PonderIn fiscal year 2019, five full years ago, the company had revenue of 21 million. That was however, before the great inflation of the Covid era. According to the CPI, we had inflation of 20% since Covid. We all know that the CPI understates inflation severely, but let's use it just because it's an official benchmark.
If we were to sell 2019's exact same projects and components in 2024 at 2024's prices, we would receive revenue of 25.2 million. In other words, in inflation adjusted terms, TEI's revenue has GONE NOWHERE in 5 years.