American Power Group, Corp. (APGI)

[Onlibo]

After listening to today's earnings call, it sounds like they could actually reach 'technical' cash flow positive status next quarter as the large orders are accepted and revenue recognized. The reported a $2.1 million backlog with a 90 day delivery expectation. That is a huge backlog for them; their highest ever and this is just the beginning. The CEO mentioned that another large order has been verbally communicated from a top 10, well known and very large company. The size of the order was not specified, but it is large enough that a press release will be issued once the PO has been received.

Of course, this backlog is for the fracking rig generator conversions and is really a revenue filler while we all wait for the vehicular partnership with the Wheeltime Network to gain 'traction'. Lyle reported a 70% adoption rate by the network with more stragglers on the way. Once this network partnership begins installing and selling, the numbers are expected to surpass the domestic generator conversion revenues, as that market is far smaller than the potential vehicular market.

I have to say, I am very pleased with how many analysts and large investment firms are participating on the calls. A year ago no one was calling in other than small time private investors and maybe one analyst. Now almost the entire 1 hour long call is dominated by professional investors and analysts. All are saying 'great job' and 'great quarter' to management.

This company is poised for some steady per share growth...the word just needs to hit 'critical mass'. IMHO.