From MD&A its pretty obvious the next 2 quarters going to be again blowout ones with revenues north of 4M again same as in 1Q and 2Q...
The value of the Company’s order backlog at June 30, 2015 decreased slightly by $285,000 to
$14.4 million from the $14.7 million order backlog at March 31, 2015 and has increased by $4.7
million or 49% over the backlog at June 30, 2014. The increase in order backlog at June 30,
2015 compared to June 30, 2014 is largely the result of higher bookings over the past 12
months compared to the period July 1, 2013 to June 30, 2014.
Due to customer scheduling, the Company cannot provide precise guidance as to the quarters
when the Backlog will be converted into revenue however management’s current estimate is
that more than 50% of the Backlog will be converted into revenue by December 31, 2015.
Also:
Overall booking activity is expected to be consistent with the previous two quarters in the near
term. Given the tendency for delays in construction or financing for large infrastructure projects,
we do expect some variability in revenue and booking between quarters, but do not anticipate
any major corrections for the remainder of the year. Growth in some of our overseas markets
will continue to develop as new regulatory structures are implemented to curb the release of
greenhouse gas emissions and communities demand a higher quality of life free of nuisance
conditions.
Product development continues in several areas to address the needs of fast growing
developing countries and the burgeoning domestic renewable energy market
