A little good news on SGMA. Recently released 10K shows backlog has increased to over $485M(!)
Backlog
The Company relies on binding forecasted orders and purchase orders (firm orders) from its customers to estimate backlog. The Company’s backlog of firm orders as of April 30, 2022, and April 30, 2021, was approximately $485,670,000 and $307,130,000, respectively. The Company believes a significant portion of the backlog at April 30, 2022, will ship in fiscal year 2023. Because customers may cancel or reschedule deliveries, backlog may not be a meaningful indicator of future revenue. Variations in the magnitude and duration of contracts, forecasts and purchase orders received by the Company and delivery requirements generally may result in substantial fluctuations in backlog from period to period.
