Did you miss that part in the last CC? It wasn't a highlight. Ed said they sold what they produced with no order backlog and no warehousing. Hopefully they can drop the price enough to keep it from stacking up at the plant. Profitability might be pretty hard to achieve.
I guess that it's a matter of interpretation of the word, "backlog". I had sensed at the last CC that they were -- with the relatively limited production at the time -- walking a fine line between shipping product per customer demand and having to delay shipments until the product could be produced.
IOW, supply and demand were pretty closely matched.
Now, if I'm right about the production capacity improvements, it appears that potential supply well exceeds demand.
Maybe I should call in on Wednesday and ask some questions about booking levels, and also about whether or not said bookings are "aged".
You should definitely ask those questions on the CC. Please do it with respect for the difficult position Ed is in. By that I mean don't be a crackpot like one of the callers who assumed COIN products would sell like hotcakes as soon as they hit the market and called Ed on the floor over not selling more. Ed has done well finding alternative financing although this has brought massive dilution. 6 to 18 mil. shares is nothing to sneeze at, but Ed has avoided the alternative.