Thermal Energy International Inc (TMG) News

Thermal Energy International Reports 71% Revenue Growth and Improved Profitability in Second Quarter
01/25/2024 7:01:00 AM

The stock market is a mystery to me. Why is this going down with results like this? A penny stock that's making a profit and nobody wants it?


Turn-Key Projects and Custom Equipment businesses up significantly year-over-year


Ottawa, Ontario--(Newsfile Corp. - January 25, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the second quarter ended November 30, 2023. All figures are in Canadian dollars.


Highlights:



Revenue: $7.1 million, a 71% increase from the same quarter last year

Gross profit: $3.5 million, a 97% increase from the same quarter last year

EBITDAi: $830 thousand compared to a loss of $28 thousand in the second quarter of last year

Net income: $486 thousand compared to a loss of $266 thousand in the same quarter last year

Order intake: $12.8 million for the quarter and $22.2 million for fiscal 2024 year-to-date (as at January 23, 2024)

Order backlogii: $17.5 million as at Nov 30, 2023 and $23.6 million as at January 23, 2024

Thermal Energy Subsidiary Receives Purchase Order for 8 Boiler Economizers 01/10/2024
Thermal Energy International Inc., a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today announced that its wholly owned subsidiary, Boilerroom Equipment, Inc., has received a purchase order valued at approximately $540,000 from a Fortune 500 food processing and commodities...(Newsfile Corp)

Company's order intake up 130% in fiscal 2023


Ottawa, Ontario--(Newsfile Corp. - September 27, 2023) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the fourth quarter and year ended May 31, 2023. All figures are in Canadian dollars.


Highlights:



Revenue: $21.1 million for the year and $8.2 million for the quarter, a 84% increase compared to the same quarter last year

EBITDAi: $1.7 million for the year and $1.2 million for the quarter, a 476% increase compared the same quarter last year

Net income: $720 thousand for the year and $971 thousand for the quarter

Order intake: $27.3 million for the year and $5.2 million for the quarter

Order backlogii: $13 million as at May 31, 2023 and $21.4 million as at September 26, 2023

LOVE THE BACKLOG...Order backlog: $13 million as at May 31, 2023 and $21.4 million as at September 26, 2023

MASSIVE GROWTH...Revenue: $21.1 million for the year and $8.2 million for the quarter, a 84% increase compared to the same quarter last year
EBITDAi: $1.7 million for the year and $1.2 million for the quarter, a 476% increase compared the same quarter last year
Net income: $720 thousand for the year and $971 thousand for the quarter
Order intake: $27.3 million for the year and $5.2 million for the quarter
Order backlogii: $13 million as at May 31, 2023 and $21.4 million as at September 26, 2023

TMG.V/TMGEF...NEXT GROWTH STOCK...AMAZING!!!