- Vastco
- 2026
- 2
- 1
- 50.00%
- $9,093,379
- 2.21%
- 0.00%
- 8.11%
- $11,667,451

Vastco’s **$56.6M** remaining backlog supports steady cash inflows from long-duration contracts, including the **$9.1M** Holbrook Springerville win. Limited 2024–2026 bidding volume (only four total bids) constrains near-term revenue acceleration. Execution on existing low-bid projects should maintain positive cash flow absent major delays.
Medium-term Outlook (6-12 months)
Backlog drawdown from multi-year contracts will continue to generate predictable revenue, offset by the 50% success rate on 2026 bids. Two 2024 wins totaling **$2.7M** provide modest supplemental work but insufficient replacement volume. Cash flow remains stable yet vulnerable to schedule slippage on older projects.
Key Risk Period
The 12–24 month horizon presents the greatest risk as current backlog contracts mature without a robust pipeline of new awards. Low bid activity and extended durations (many exceeding 200 months) could create revenue gaps if win rates do not improve.
Recommendations
Prioritize aggressive bidding on upcoming AZDOT and county opportunities to rebuild pipeline above **$20M** annually. Implement monthly backlog burn-rate tracking and cash-flow forecasting to identify liquidity shortfalls early.

