Thermal Energy International Inc V.TMG

After the quarterly drama

[Possibleidiot01]

Maybe people should think about this quote:

“Everything works out in the end; if it hasn't worked out, it's not the end”

Before I get accused of being a fool , consider what these results look like if you take out the lumpiness of the GEM business.

"So as a result of the Q4 2023, our revenue in Q4 2024 was down about $678,000 or 8% as our
GEM sales certainly weren’t nearly as high. That being said, revenues from heat recovery and
non-GEM sales of equipment increased year-over-year. So everything else also increased in the
quarter. Gross profit was down $696,000 mainly due to decreased revenues from GEM sales."

We could have a vastly different picture of a stable heat recovery  business operating at high level that just added 4 engineers.

Could it be as simple as management being so overwhelmed by demand for GEM steam traps a year ago that they overestimated future demand and decided on a plant expansion so they didn't get caught out in the future?

Still think this works out ........... eventually

[AlbertESG]

Yes, the quarter was a dud, but the year over year results were still good.  There was decent revenue growth and EBITDA growth, and the company is throwing off good cash flow. They managed to pay off 1 million dollars of the debt which is an achievement when you consider that some of this debt was being financed at 13% interest. They also seemed to have sorted out their accounts receivable

[Mostlyserious]

All very valid points and your numbers show that they really never had that 30% advertised growth the way one would think without looking at the numbers.  All these great growth rates are based on a very poor year serving as a baseline. i think $30 million revenue will be hard to achieve due to the timing of revenue recognition.  If it takes a year to implement a larger heat recovery

[greendaze]

You are definitely not a fool . Tmg is not a one trick pony . I look at the lowered share price as a cleansing of impatient traders into the hands of the patient . The massive volume tells us that . 

[Mostlyserious]

Could you post the volume that was purchased by "patient long investors" vs those that could be dumped at 23-24 cents for a 10% quick profit trade.