latest info on backlog from the S-1 filing this week for the recent convertible bond offering:
Backlog
As of December 31, 2007, our total backlog of orders considered to be firm was approximately $106.3 million, compared with $10.0 million and $26.2 million at December 31, 2006 and 2005, respectively. Of our 2007 amounts, 76% of the backlog, or $80.3 million, is expected to generate revenues in fiscal 2008, compared to 100% of our 2006 backlog ($10.0 million) realized in fiscal 2007 and 40% of our 2005 backlog ($10.5 million) realized in fiscal 2006. Of the 2008 backlog, 36% consists of orders for projects outside our home market of China.
As of April 1, 2008, our total backlog was increased to approximately $200 million, with 60% from order of projects outside our home market of China. We expect approximately $130 million of the backlog to be realized in fiscal 2008.
We view backlog as an important statistic in evaluating the level of sales activity and short-term sales trends in our business. However, as backlog is only one indicator, and is not an effective indicator of the ultimate profitability of our sales, we do not believe that backlog should be used as the sole indicator of our future earnings. http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5660488