CEA Industries Inc. (CEAD)

[playofthedivine]

I’ve been re-reading last 10Q. What’s the consensus on management executing and $7 million volume plus backlogs converting to revenue? Feels like a throw of the dice. Seems inevitable that they’ll be doing another raise this quarter.

Backlog and Project Life-Cycle is a big issue!

The project life-cycle for commercial projects can vary significantly. From the execution of the sales contract, to engineering services and equipment delivery, and all the way through installation and commissioning of the installed system, which we refer to as our project life-cycle, the project can take anywhere from four months to two years to complete. Since we do not install the climate control systems, our customers are required to use third-party installation contractors, which adds to the variability in the project life-cycle.

We continue to make investments in sales, engineering and technical personnel and new product development activities to position us for our expected future growth. As sales opportunities are converted into contracts, we are preparing our production and project management teams to meet our customers' demand for timely delivery of a fully engineered, application-specific, climate control system.