The Kinder margins were worse than the TransCanada ones
I expect that when they go mass manufacture they may be able to get the cost per AOT down to $150,000 or so (I'm making up the number - I have clue what it will cost). The Transcanada prototype cost slightly over $1m - for a skid of four. The Kinder build itself cost nearly $500,000, I assume because that was including re-engineering costs and more.
Selling a device that costs 150k to manufacture at 1.2m is an amazing margin. Especially if QSEP can charge for installation and maintenance.
All this talk of margin but the basic cost of goods manufactured is not reported and if you factor in development it would destroy any notion of a fat margin. Just more speculation. Besides look at the R& D shrink and liabilities exploded. From 2013-2016 R&D expense was something like 3.75 M but accounts payable has soared so while they reporting spending all this money on research the truth is that up to this point a big chunk of it is Temples license and research grant...which have largely not been paid and frankly are worthless agreements.