the earnings announcement. $20 + $20 +$40.. THis must be part of the $140MM in bids mentioned. ORN struggles to make money with annual revenues below $300 MM. $400 MM appears to be the sweet spot where margins accelerate due to good yeild on asset utilization. I wonder what volume level they are capable of handling ?
anyway, the recent wins give hope that momentum is building as ORN can easliy double from here and $500 MM in revenues could push this in excess of $20 or a triple. Keep those project announcements coming
Mr Pearson continued, "The need for our services has not gone away. In fact, we believe we are seeing an increase in the demand for our services over the long-term. Currently, we have over $140 million worth of bids outstanding, including $58 million on which we are apparent low bidder.