Whether the initial (higher margin) $20 million USD gets recognized this Qtr or Q4 2019, what this contract has done is set up the company with at least $80 million USD in revenues for 2020 and $82 million USD for 2021.
Although this will be very low margin, it sets a nice base for revenue growth coupled with some of the other larger CES projects and the growing SPS (MABR/SUBRE +Nirobox/Ecobox) segments. Goes a long way to helping achieve sustainable profitability targets in the short to medium term.
Hope @stockrock had something better than eggs for breakfast today.
Ann: Fluence Achieves Financial Close for Ivory Coast Project, page-13
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