Propellus Inc (PRPS)

[SV Solar Surge]

$ B_Rich & board,

A couple positives worth noting in comparing yesterday's results with last months 10k.

10q (Yesterday)
"We are currently working on ten major installation projects with contract prices totaling approximately $11 million. Two of these contracts in the amount of approximately $1 million are expected to be substantially completed by the second quarter of 2015. The rest of these projects are expected to be substantially completed by the end of 2015 or no later than first quarter of 2016."

10k (04/15)
"We are currently working on six major installation projects with contract prices totaling approximately $3.8 million. These contracts are expected to be substantially completed by the second quarter of 2015. In addition, we have signed installation contracts with installation customers for aggregate contract prices totaling approximately $7.3 million.  We expect to complete these projects by the end of 2015 or no later than second quarter of 2016."

•SVS is working on 10 projects or $11M up from 6 or $3.8M (as signed installations pending from last month have since progressed into assigned work)
•ALL 10 project installs will actually be completed a minimum of 90days quicker.

Wonder if this could be attributed to the 3 new positions SSOL is hiring for

http://www.indeed.com/q-sunvalley-solar-l-California-jobs.html


SURGE