Thermal Energy International Inc V.TMG

A positive FYI for the 'doubter'

[prone]

--->The Company ended the quarter with an order backlog of $13.5 million, up 17% from the $11.6 million at the end of the same quarter in the prior year.

The Company also received $4.9 million in new orders subsequent to quarter end, bringing the current order backlog to $18.4 million as of October 28, 2024.
A list and description of recent order highlights is available on page 13 and 14 of the Management's Discussion and Analysis filed today.

Full financial results including Management’s Discussion and Analysis and accompanying notes to the financial results

-->are available on www.sedarplus.ca and investors-thermalenergy.com/en/financial-overview.

[Mostlyserious]

Obviously these are the key metrics.  Unfortunately they are tracking at lower growth rates than advertised.  $22 million order backlog as of October 25, 2023.  Time for company leadership to sharpen the pencil and figure out this counterintuitive pattern given the client list, more experienced and greater staff numbers, etc, etc.  That's why the SP is sitting where it is.

[Going44Gold]

So here is the problem. Really only this week to close any more 2024 deals.  order backlog of $18.4M, year end is May 2025.  No new contracts= Flat sales YoY which will do nothing for the share price for the next 6-9 months.  There were promises of growth which were backtracked at the AGM.  If TMG cannot fill the pipeline and it takes 9-12 months minimum to earn revenues on

[Mostlyserious]

The problem is that they are touting the past results and focusing on certain leading indicators to express their excitement about the future.  But some leading indicators do not support that vision.  So, what they need to do over the next few months is get a bunch of solid wins so when the actual results reflect the reality of a relatively poor calendar 2024, they can point to the built