first impression Q1, hope? , maybe?"Even with the $1.6 million in increased expenses to drive future growth, TTM EBITDA was $2.1 million and net income was $1.1 million, only $300 thousand less than the prior year's twelve-month period."
The current order backlog moved to $18.4 million as of October 28, 2024 from $11.6 million last year.
Management highlights the "lumpy" as in don't expect next quarter to be so hot.
"While this is an exciting time for Thermal Energy, our revenues, especially from Turn-key Projects can be quite lumpy depending on the timing of projects."
Leaving us with a work in progress .