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Total Backlog
Indicates the value of pending orders, providing insight into future revenue streams and demand for the company's products.Backlog has oscillated with a long-run dip then a recent recovery but remains below prior peaks — the year‑over‑year decline reflects revenue recognition more than demand loss, yet conversion risk is real: management has a sizable data‑center proposal pipeline and an SDCL partnership that could rebuild backlog, but realizing that opportunity depends on rapidly scaling Torrington production. Upcoming carbon‑capture shipments and strong liquidity lower funding risk, but manufacturing ramp and contracting cadence are the critical execution hurdles to sustain revenue growth and reach profitability.
Date | Total Backlog |
|---|---|
Apr 30, 2026 | $1.14B |
Jan 31, 2026 | $1.17B |
Oct 31, 2025 | $1.19B |
Jul 31, 2025 | $1.24B |
Apr 30, 2025 | $1.26B |
Jan 31, 2025 | $1.31B |
Oct 31, 2024 | $1.16B |
Jul 31, 2024 | $1.20B |
Apr 30, 2024 | $1.06B |
Jan 31, 2024 | $1.03B |