jensenj71
Oct 24, 6:06 PM
$BE I carefully read the call transcript and I can't find anything that justifies pannick. The amount of revenue booked without reaching contract milestone to bill and collect was a surprise. It would have been nice to know if reaching the milestone is on track or if there are things outside of BE's control preventing the milestone from being reached. For example, is some of this related to the Jupiter project and BE can't bill until the equipment is commissioned? Seems a little odd none of the analysts inquired about that. The increase in inventory and the increase in CapEx is expected based on the order backlog. All-in-all, looked like they were cashflow positive YTD and expect to be cashflow positive for 2026?
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