If you review the year over year statements (2023 vs 2024). 40% increase in backlog, around $13M in 2023, therefore around $18M to be realized for 2024 revenue based on the same data points. Good but not great. The backlog may have grown but we need Press Releases with new PO's! You can use 2024/2025 to replace my year reference if you want to be formal.
2023 Q4 had $8.4M in new business including a large $4M PO. No new PO announcements since May ($1.9M) and December ($3.7M).
What's missing from this announcement. No update on the PDA's? Why? Such a big story in 2023 and no updates to the investor community since ... So we wait until end of September for year end results.
The organization cannot be this lumpy on the sales side and expect new investors to be interested in their story. A number of us have followed for years so we understand ... wash, rinse, and repeat. It's getting old.
Not trying to downplay the potential, TMG needs to change the narrative.
GLTA