CEA Industries Inc. (CEAD)

[goodgodyall]

The 3Q backlog was $8.2 million. Previous information suggests the record $2.8 million July contract would convert in 2nd Half of 2020. Prior year 4Q revenue was $3.7 mil. Exceeding that number would be a nice headline and require 45% conversion of the 3Q backlog.

Momentum should continue when the $3.2 million dollar January contract begins to convert to revenue for 1Q results in mid-May.

By June, an acquisition by Surna involving 50,000,000 shares will have a value much higher than $7.0 mil (based on yesterdays close of .14 per share).

Other metrics will be worth noting. Cash on hand was a funky $2 million at the end of the 3Q. Where did that come from and how will it be recorded in the 4Q? The PPP loan was forgiven and a like amount borrowed.