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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 Oct 30, 2024 8:16am
82 Views
Post# 36288296

RE:RE:first impression Q1, hope? , maybe?

RE:RE:first impression Q1, hope? , maybe?The better the Q1 the worse the rest of the year. That is simply how it works.  "The worse" in terms of financial results can be reversed through order backlog build-up though, so need to start seeing more contract announcements.  As you pointed out, and as can be seen by dissecting the results, Q1 was great because of the implementation of the previous backlog, but if the order intake declined, that carries forward into the future results.  You will not be hitting record quarters without increasing the rate of order intake.  Simple math.

So, need to start catching up on sale wins...3-4 announced during this calendar year is not something to be proud of, especially with growth in sales stuff and engineering support.

Why the slowdown is a good question.  You would have thought that the growing number of existing customers would now have had more experience with the installed products and given very low plant-coverage, accelerating deployment into others.

The wait continues, so nothing changes as a result of these quarterlies. 
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