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Bullboard - Stock Discussion Forum 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... see more

TSXV:TMG - Post Discussion

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Post by AlbertESG on Sep 19, 2024 7:14am

Wow

Even worse than I expected.

Comment by Possibleidiot01 on Sep 19, 2024 7:38am
Disappointing. "In this regard, our continued growth in annual revenue and profitability is especially noteworthy considering the exceptional fourth quarter we had in the prior year, which included revenue from a number of exceptionally large GEM orders, including $1.9 million from two major customers alone. Despite the lower GEM sales this quarter, our GEM sales for the year were still the ...more  
Comment by Mostlyserious on Sep 19, 2024 8:05am
I don't find Q4 disappointing as some recognizing the lumpiness in contracts.  It met my expectations of between $7 and $8 million.  The growth in backlog is disappointing.  Right now I am not sure there is enough work to deliver even a $3 million revenue growth in the current fiscal year.  And that would be a paltry 10 percent growth that would be terribly inconsistent ...more  
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