Tornado Global Hydrovacs Ltd V.TGH

Q3

[lscfa]

 

Qtr ending	Revenues	Net income	ebitda	eps
Sep 24	30,451	1,990	3,090	0.014
Jun 24	34,423	2,511	3,779	0.018
Mar 24	33,904	2,427	3,434	0.018
Dec 23	33,380	4,559	6,582	0.032
Sep 23	27,081	944	2,181	0.007
Jun 23	23,516	1,054	2,011	0.008
Mar 23	21,031	785	1,659	0.006
Dec 22	20,715	575	938	0.004
Sep 22	15,397	836	1,364	0.006
Jun 22	13,362	570	1,220	0.004
Mar 22	9,939	474	946	0.004

 

Revenue decreased in Q3/24 due to production capacity and resources being primarily allocated to finalize a new product under the Supply Contract. This reallocation of capacity, combined with preparation for the construction of our new facility, required adjustments to our production line, temporarily slowing overall production. Prior to this, since Q4/2022 revenue has increased each quarter due to increased demand for hydrovac trucks in North America, the sale of IP to Ditch Witch in Q4/2022 and Q4/2023 and due to the Supply Contract and sales to Custom Truck.

[13X2413]

I'm no financial whiz, but after a quick look at your post, I was a little let down. After checking the company site and looking at the financials, I feel much better. Things continue to progress nicely. A solid company indeed!