Friday, February 28, 2020 8:07:21 AM
My thoughts are that there is ALWAYS a backlog, which is how ALL thriving businesses operate. It would be ludicrous to think that a business could fluctuate production and services to 100% fill orders as they come in.
The 50M backlog, compared to the volume of work that has been put out in the past, indicates that there is huge demand for what SPSO is selling, and that explains WHY Doug chose to go public rather than stay private: it gives him access to more capital with which he can grow his business. The added effort to go public has undoubtedly taken away from the ability to fill contracts as there are only 24 hours in a day, but as the company gets realigned and staffed, the amount of work that can be done will grow exponentially compared to what could have been done otherwise.
He is building a company to supply the demand, and doing a very good job of it, and others see that as well. That's why the sp is rising and will continue to rise.
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