FormerXBC Inc XEBEQ

On a brighter note

[savyinvestor333]

Did anyone else notice the backlog has dropped almost 12 million from Mar 18 to May 12. That should mean that they are well on there way to a 30 million quarter.

[tamaracktop]

Personally I don't see any way to view a decline in backlog as a bright note. Anyone else?

[newcoin]

Well, how about this: XBC will trade over 1M shares today and we might even finish in the green.

[savyinvestor333]

Well if we don't make revenue projections for this quarter I don't know if backlog will matter. Hopefully before the next quarters release they have filled the order book back up. If not and we have built all these units on spec and drained our cash and have a smaller order book. TIMBER

[Newtrader1982]

didn't the backlog only actually decrease by 1.6 million from q1 last year? doesn't seem too bad to me.

[savyinvestor333]

Yes 1.3 million as of May 20 2020 to May 12 2021  page 30 of the MD&A Not sure why they picked those dates and not Mar 31 2021 so we could compare.

[catchascatchcan]

You're in good company.  There is no positive way to spin that.  We want to see that backlog at 12 months minimum, not 9.  Negative growth in the backlog is very concerning.  If we see a sequential drop in backlog next quarter we'll get punished (though I'm not sure how much more meat is on the bones to pick these days).  Without a growing sales pipeline

[Mick67]

I believe the unprofitable legacy contracts have leadtimes that resulted in them showing up in the backlog. The off the rack Biostream that is ramping up is not and that will be much better margin. Same with Inmatec that is performing - not included in backlog.  Relisten to the call. IF Kurt can execute think the analysts are just looking at the last two dismal reports, putting them in the

[babedinkleman]

This post has been removed in accordance with Community Policy