UUU - Yeah, that's what I was looking at also, Larry. Hweb, I certainly get your point that on a quarter to quarter basis they definitely had a couple of boom quarters in fulfilling the lockdown backlog, but when viewed against the many prior years, they didn't tend to have that big of a backlog. Like Larry, I'm uncertain how it all shakes out, I would guess next year will be down a little, but if they're switching from a much longer cycle and delivery time from all the delays and getting back to faster inventory and order times, who knows. FWIW, here are the prior year's backlog statement in full, as well as the revenues for that 10-k year, and the prior year. The backlog was usually a little bit predictive, but not always. Admittedly, $6m to $2.3m is a big drop:
- March 31, 2017 Rev $14.1 vs. $13.7 prior year
"Our backlog of orders as of March 31, 2017 was approximately $830,000. Our backlog as of March 31, 2016 was approximately $631,000. This increase in backlog is primarily due to the timing of orders of our safety products.
- March 31, 2018 Rev $14.9 vs. $14.1 prior year
"Our backlog of orders as of March 31, 2018 was approximately $1,326,000. Our backlog as of March 31, 2017 was approximately $830,000. This increase in backlog is primarily due to the timing of orders of our safety products."
- March 31, 2019 Rev $17.6 vs. $14.8 prior year
"Our backlog of orders as of March 31, 2019 was approximately $748,000. Our backlog as of March 31, 2018 was approximately $1,326,000. This decrease in backlog is primarily due to the timing of orders of our safety products."
- March 31, 2020 Rev $14.8 vs. $17.6 prior year
"Our backlog of orders as of March 31, 2020 was approximately $507,000. Our backlog as of March 31, 2019 was approximately $748,000. This decrease in backlog is primarily due to the timing of orders of our safety products."
- March 31, 2021 Rev $17.5 vs. $14.8 prior year
"Our backlog of orders as of March 31, 2021 was approximately $3,905,000. Our backlog as of March 31, 2020 was approximately $507,000. The increase in backlog is primarily due to delays in unloading of freight at California ports of entry caused by or related to COVID-19 issues."
- March 31, 2022 Rev $19.5 vs. $17.5 prior year
"Our backlog of orders as of March 31, 2022, was approximately $6,028,000. Our backlog as of March 31, 2021, was approximately $3,905,000. The increase in backlog is primarily due to delays in unloading of freight at California ports of entry caused by or related to COVID-19 issues.
- March 31, 2023 Rev $22.2 vs. $19.5 prior year
"Our backlog of orders as of March 31, 2023, was approximately $2,382,000. Our backlog as of March 31, 2022, was approximately $6,028,000. The decrease in backlog is primarily due to a resumption in shipping of orders during the fiscal year ending March 31, 2023 after experiencing delays unloading freight at California ports of entry caused by or related to COVID-19 issues in the prior fiscal year."
