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Thermal Energy International Inc (TSE:TMG)
:TMG
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 0.00%
|Next Earnings Date:Oct 30, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with record revenues, strong growth in EBITDA and net income, and a solid order backlog. However, the increased expenses and decreased trailing 12-month profitability, along with a drop in project development agreements, present some challenges. Despite these lowlights, the positive aspects and strong market outlook suggest a favorable position for future growth.Company Guidance
During the Q1 2025 earnings call for Thermal Energy International (TMG.V), CEO William Crossland provided a detailed report on the company's performance and strategic direction. The company achieved record revenue of $8.5 million for the quarter, a 63% increase from Q1 of the previous year, and 171% compared to Q1 of fiscal 2023. The trailing 12-month (TTM) revenue also peaked at $29.2 million, marking a 93% rise over two years. EBITDA for the quarter was $553,000, up by $139,000 year-over-year, while net income rose to $300,000, an increase of $147,000 from last year. The company ended the quarter with cash and equivalents of approximately $5 million and working capital of $3.8 million, alongside reducing its debt to $2.1 million. Despite investing $1.6 million in future growth-related expenses, including staffing and technology enhancements, the company maintained robust profitability metrics. Crossland emphasized the strategic shift back towards a 2/3 turnkey and 1/3 custom equipment revenue mix, reflecting pre-pandemic operations, and highlighted a strong order backlog of $13.5 million, which rose to $18.4 million by late October. He also addressed the company's strategic focus on both existing and new customer acquisitions, leveraging significant reinvestments to position the business for sustained growth amid strong market fundamentals.Record-Breaking Revenue and Growth
Record revenue for the quarter at $8.5 million, a 63% increase from Q1 last year and 171% increase from Q1 of fiscal 2023. Trailing 12 months revenue reached $29.2 million, up 93% from 2 years ago.
Strong EBITDA and Net Income Growth
EBITDA for the quarter was $553,000, a $139,000 increase from last year and $783,000 increase from 2023. Net income for the quarter was $300,000, representing increases of $147,000 from last year and $818,000 from 2023.
Robust Order Backlog
Exited the fiscal quarter with an order backlog of about $13.5 million, up 16% from the end of Q1 last year and 121% from 2 years ago. Since the end of the quarter, the backlog increased by almost $5 million to $18.4 million as of October 28.
Notable New Orders
Received a $2.2 million order for a heat recovery project from a multinational pharmaceutical company and a $1.5 million project from a new multinational confectionery customer.
Successful Staffing and Facility Expansion
Added 9 new staff members and moved to a larger U.K. facility with more than double the throughput capacity to support growth. Investments in technology and systems to support future growth.
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TSE:TMG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$0.22 | C$0.21 | -4.55% |
| Sep 19, 2024 | C$0.26 | C$0.22 | -15.38% |
| Apr 25, 2024 | C$0.34 | C$0.29 | -14.71% |
| Jan 25, 2024 | C$0.27 | C$0.28 | +3.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Thermal Energy International Inc (TSE:TMG) report earnings?
Thermal Energy International Inc (TSE:TMG) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Thermal Energy International Inc (TSE:TMG) earnings time?
Thermal Energy International Inc (TSE:TMG) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TMG EPS forecast?
Currently, no data Available
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