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Thermal Energy International Inc (TSE:TMG)
:TMG
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q3)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:Jan 28, 2025
|% Change Since: -33.33%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record-breaking revenue and strong cash flow, supported by strategic investments for future growth. However, the decline in profitability metrics and lower margins due to a product mix shift are significant challenges. The increase in order backlog provides a positive outlook, but current order intake remains below last year's levels.Company Guidance
In their second-quarter earnings call for fiscal year 2025, Thermal Energy International reported record revenue of $8.7 million, up from $7.1 million the previous year, with trailing 12-month revenue hitting an all-time high of $30.7 million. Despite remaining profitable, the company experienced a decrease in EBITDA to $270,000 from $830,000 a year ago, largely due to a shift towards lower-margin turnkey heat recovery projects and substantial investments in future growth, such as their larger UK plant and a new mobile app, CREST. Net income for the quarter was $28,000, down from $486,000 the previous year. The company maintained positive operating cash flow, with cash and cash equivalents at $2.8 million and $3.7 million in working capital against $1.9 million in debt. Order intake reached $10.1 million for the first half of fiscal 2025, with an order backlog of $13 million, later increasing to $18 million by January 27, 2025. Despite profitability challenges, the company is optimistic about future benefits from its recent investments, expecting growth in fiscal 2026 and beyond.Record-Breaking Revenue
Revenue for the quarter was a record $8.7 million, up from $7.1 million a year ago, and more than double from two years ago. Trailing 12-month revenue reached an all-time high of $30.7 million, representing a $4.6 million increase from the previous year.
Strong Performance in Heat Recovery Business
The turnkey heat recovery business achieved its highest quarterly revenues in five years and set a record for trailing 12-month revenue, reflecting strong demand for energy efficiency solutions.
Positive Operating Cash Flow and Strong Balance Sheet
Despite significant investments, the company continues to generate positive operating cash flow and has a strong balance sheet with $2.8 million in cash and cash equivalents, $3.7 million in working capital, and $1.9 million in debt.
Significant Investments for Future Growth
Investments include a larger UK facility, increased headcount by 18 positions, and new technology initiatives like the CREST app. These are expected to drive long-term growth.
Increase in Order Backlog
Order backlog increased to about $18 million by January 27, 2025, boosted by an additional $5 million in orders received since the end of the second quarter.
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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 |
|---|---|---|---|
| Jan 28, 2025 | C$0.24 | C$0.16 | -33.33% |
| 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% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Thermal Energy International Inc (TSE:TMG) earnings time?
Thermal Energy International Inc (TSE:TMG) earnings time is at Apr 24, 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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