Depending on each project's parameters (location, size,...

Depending on each project's parameters (location, size, complexity, weather, etc.), time lag between contract signing and implementation would be 4-9 months. Collection could be about 30-60 days average. All in all it might take 2-3 quarters from contract signing to when cash is shown in the accounts. Of course, if contracts are won regularly, then after the trade up period, sales in a period (month, quarter, etc.) would be a fairly reasonable proxy for cash received in that same period.

I hope contracts to be won more frequently and market starts getting more excited when seeing revenue as opposed to only getting excited when seeing the hard cold cash.

I was really disappointed with Alex in the first three quarters since IPO, but agree he and the team start to deliver now. Fingers crossed.