Q: I may have missed it, but don't think there were reasons given for the sales/backlog drop in the DRX press release Was there any coverage of this in their conference call ?
5i Research Answer:
On the call, DRX noted it turned down a $150M contract from Amazon because profit margin would have been only 8%. The CEO said 'not to panic on the backlog' and 'we are bidding on lots of jobs. I am very confident that backlog is going to go up in the near future'. No specific reasons for the drop however were given.
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