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Thermal Energy International
(TMG)
Thermal Energy International (TMG) vs. iShares MSCI Canada ETF (EWC)
Thermal Energy International Business Overview & Revenue Model
Thermal Energy International Earnings Call Summary
Thermal Energy International Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.16M | ― | 29.78M | 25.88M | 21.09M | 15.91M |
| Gross Profit | 11.65M | ― | 12.34M | 12.45M | 9.57M | 6.73M |
| EBITDA | 901.52K | ― | 798.31K | 2.14M | 1.76M | -716.46K |
| Net Income | -58.38K | ― | 73.17K | 929.50K | 717.96K | -1.92M |
Balance Sheet | ||||||
| Total Assets | 13.49M | ― | 11.95M | 16.79M | 13.51M | 9.60M |
| Cash, Cash Equivalents and Short-Term Investments | 4.29M | ― | 2.80M | 6.97M | 2.81M | 2.46M |
| Total Debt | 1.37M | ― | 1.59M | 3.89M | 4.73M | 5.31M |
| Total Liabilities | 9.69M | ― | 8.38M | 13.37M | 11.59M | 8.55M |
| Stockholders Equity | 3.78M | ― | 3.57M | 3.46M | 1.97M | 1.08M |
Cash Flow | ||||||
| Free Cash Flow | 1.69M | ― | -1.75M | 5.02M | 1.33M | -1.99M |
| Operating Cash Flow | 1.76M | ― | -1.67M | 5.40M | 1.41M | -1.64M |
| Investing Cash Flow | -68.11K | ― | -77.73K | -376.89K | -77.70K | -351.93K |
| Financing Cash Flow | -2.49M | ― | -2.41M | -1.06M | -1.04M | 357.56K |
Thermal Energy International Technical Analysis
Thermal Energy International Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$41.55M | 19.36 | 19.05% | ― | -13.85% | -60.15% | |
64 Neutral | C$37.92M | 15.67 | 10.00% | ― | -30.45% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | C$11.49M | -2.93 | ― | ― | 14.18% | -29.19% | |
45 Neutral | C$21.43M | -433.33 | -1.51% | ― | -3.45% | -104.92% | |
45 Neutral | C$10.97M | -6.93 | -7.42% | ― | 87.15% | 47.74% | |
43 Neutral | C$7.70M | -1.14 | ― | ― | -27.49% | -32.97% |
Thermal Energy International Corporate Events
Thermal Energy International Inc. has announced the grant of 3,334,000 stock options to its officers and directors as part of its remuneration and incentive program. This move is expected to align the interests of the management with those of the shareholders, potentially impacting the company’s operational dynamics and market positioning positively.
Thermal Energy International Inc. has secured a $1.6 million order to supply eight custom-engineered HeatSponge heat recovery units to a remote Arctic mining operation. This project, one of the largest in Boilerroom Equipment Inc.’s history, highlights the company’s innovative engineering capabilities and logistical expertise, as the units must withstand extreme conditions and be transported via standard cargo aircraft. The project demonstrates Thermal Energy’s strategic focus on large-scale opportunities and its commitment to solving complex energy challenges in demanding environments.
Thermal Energy International Inc. has secured $1.5 million in orders for two turnkey heat recovery projects from a global nutrition company, marking the seventh and eighth projects with this client. This new business highlights Thermal Energy’s ongoing relationship with the multinational, having generated approximately $13.6 million in business since 2019, and underscores the company’s growth potential in energy efficiency and carbon reduction initiatives across multiple sites worldwide.
Thermal Energy International reported a record-breaking order intake of $11.9 million for the first quarter of 2026, marking a 323% increase compared to the previous year. Despite a 19% decrease in revenue to $6.9 million, the company maintained profitability and reduced its long-term debt significantly, positioning itself well for future growth with a strong order backlog and financial stability.
Thermal Energy International reported a record order intake of $11.9 million for the first quarter of 2026, marking a 323% increase compared to the previous year. Despite a 19% decrease in revenue to $6.9 million, the company remains profitable with a net income of $166 thousand and an adjusted EBITDA of $350 thousand. The order backlog increased by 37% to $18.5 million, positioning the company well for future growth. The company has also made significant progress in debt repayment, with expectations of continued strong performance in the latter half of the fiscal year.
Thermal Energy International Inc. announced it will release its fiscal 2026 first quarter financial results on October 28, 2025, before market open. The company will host an earnings conference call and webcast to discuss the results, providing stakeholders an opportunity to engage with management. This announcement is part of Thermal Energy’s ongoing efforts to maintain transparency with investors and stakeholders, reflecting its commitment to delivering financial and environmental value through its energy efficiency solutions.
Thermal Energy International reported a record revenue of $29.8 million for fiscal year 2025, despite a 9.3% decline in fourth-quarter revenue. The company achieved its highest-ever order intake in the first quarter of fiscal 2026, driven by significant contracts with major corporations, including a $5.1 million order from a leading pharmaceutical company. The company has also made strategic investments to scale its operations, reduce debt, and explore new growth opportunities, such as expanding its Boilerroom Equipment Inc. into Europe and developing higher-margin products.
Thermal Energy International Inc. announced it will release its fourth quarter and fiscal year 2025 financial results on September 23, 2025. The company will host an earnings conference call and webcast to discuss the results, offering stakeholders insights into its financial performance and strategic direction. This announcement underscores Thermal Energy’s commitment to transparency and engagement with its investors, potentially impacting its market positioning and stakeholder confidence.