Monday, August 01, 2016 9:07:24 PM
Because the recent radio show said they've contracted sales to get them to 100M. Subtract the Q1, 19M from that 100, leaving us with 81. Subtract the previously known contracted backlog from Q1 CC (40 mil) leaving them with sales(more backlog) and or revenue(completion of parts of projects) of 41 mil since the Q1 CC on Mid May.
So we know the revenue number likely won't exceed 40 mil, but it could. As the backlog was 40 mil 2.5 months ago, we know they have about 1/3 res mix, and that resi backlog only takes about 38 days to complete, that puts us at about 13 mil residential completion, and whatever they booked and installed in the few weeks after that call. The commercial/agri side takes longer to get going, so the other 2/3 of the 40m backlog would only be a % of the remaining 26. Let's say it's about 60% or another 15M, so we get 28M QTR.
Q1, 19M
Q2, 28M
Q3, 33M (the strongest Q)
Q4, 29M (slightly less)
2016= 109M
Total ballpark- anyone else?
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