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Total Backlog
Measures the value of signed orders, contracts, or committed work that has not yet been recognized as revenue. A growing backlog signals demand and revenue visibility, while a shrinking or aging backlog can point to execution delays, cancellations, or weakening orders that may pressure future sales.Backlog is extremely lumpy, with mult-million-dollar spikes and a quarter (2025 Q2) at zero, signalling reliance on a few large, timing-driven contracts rather than steady recurring demand. That pattern creates pronounced revenue and cash‑flow volatility and weak forward visibility; unless management can diversify clients or shift to more predictable contract structures, future quarters will likely show episodic upside from big wins but elevated execution and renewal risk for shareholders.
Date | Total Backlog |
|---|---|
Jun 30, 2026 | $6.90M |
Mar 31, 2026 | $4.60M |
Dec 31, 2025 | $3.30M |
Sep 30, 2025 | $11.00M |
Jun 30, 2025 | $0.00 |
Mar 31, 2025 | $2.00M |
Dec 31, 2024 | $5.50M |
Sep 30, 2024 | $6.60M |
Jun 30, 2024 | $2.00M |
Mar 31, 2024 | $3.40M |