SAExplorations Holdings Inc fka SAEXQ

[cjstocksup]

Now this part is huge " $502.7 million" that is why there is no need to panic. Geez the conference call will cover all of this and then we will have higher earnings over last year by far just ahead! JMO
Contracted Backlog

As of September 30, 2016, SAE’s backlog was $67.5 million. Bids outstanding on the same date totaled $502.7 million. All of the backlog represents land-based projects, primarily in North America and South America.

The company expects approximately 29% of the projects in its backlog on September 30, 2016 to be completed during the last quarter of 2016, with the remainder in 2017. The estimation of realization from the backlog can be impacted by a number of factors, including deteriorating industry conditions, customer delays or cancellations, permitting or project delays and environmental conditions.