BacklogIt’s always appealing to put the word ‘Record” in a news release, but keep in mind that the $55M backlog will stretch over 3 years.
Considering that 3 or 4 years ago the CEO declared that he could see “$65M conservatively within 6 months”, one could extrapolate to $130M for 12 months, and assuming that was just the beginning of his Dinasty, and just from the iron ore torches offering, today’s backlog should be more like $390M, over 3 years they could average $130M in revenue, and that my friend would then be enough to just be over the breakeven point and show a small % profit (assuming GM would be in the 30’s and SG&A would stay fix at today’s level, which is impossible)