Post by
Possibleidiot01 on May 02, 2024 6:41am
Review Planet Microcap
Derek Webb descibed company as hybrid engineering .
$50 million dollar backlog , down from a peak of maybe $60 million expected to convert to sales in 18 months ( maybe 24 months)
Aiming for $50 million in sales and $5 million in EBITDA , aspirational goal of 100 million and 10 million but I'm not clear on the time period.
Q +A starts about 20 minute mark.
First three months of year , 1.5 bids wents out the door. Seems impressive to me . $75-85 million in bids tendered but not firmly ordered. Conversion rate between 30-52% historically. Increase in bids due to new technologies, infrastructure spending , onshoring and massive increase in RNG ( renewable natural gas) plants being built.
Talked about the last 5 years when growth has been organic , and with some weariness in his voice , a how much time management has spent investigating potential acquisitions , hinted, IMO ,they may have found some candidates and be at a " stage closer to the end ."
Comment by
KnowledgeSeekr8 on May 02, 2024 7:07am
Thank you for the summary, appreciated. I wasn't able to get online to watch this one
Comment by
profitprophet1 on May 02, 2024 11:25am
Just to clarify, the 75 to 85 million in bids tendered. Is that in total at present or during the month of January when they had 1.5 bids a day going out? Thanks for the post.
Comment by
Possibleidiot01 on May 02, 2024 7:45pm
The way , I understood it is the total at present.