Canada markets closed

CEMATRIX Corporation (CVX.V)

TSXV - TSXV Real Time Price. Currency in CAD
Add to watchlist
0.5200-0.0100 (-1.89%)
At close: 3:59PM EDT
Full screen
Previous Close0.5300
Open0.5300
Bid0.5200 x 0
Ask0.5300 x 0
Day's Range0.4950 - 0.5300
52 Week Range0.3800 - 0.8600
Volume395,856
Avg. Volume687,984
Market Cap58.351M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.1410
Earnings DateAug. 05, 2021 - Aug. 09, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.13
  • CEMATRIX Announces 2021 First Quarter Results
    GlobeNewswire

    CEMATRIX Announces 2021 First Quarter Results

    CALGARY, Alberta, May 12, 2021 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announced the release of its consolidated financial results for the first quarter ended March 31, 2021. “It was a very successful quarter and I’m proud of our accomplishments - we stayed safe, we operated through many COVID related complexities, completed the largest capital raise in the history of the Company, and revenues grew over 15% compared to Q1 2020,” stated Jeff Kendrick, President and CEO of CEMATRIX. “I want to thank all of our employees at CEMATRIX, particularly our field staff, for staying safe and making our success possible through hard work and dedication. The first quarter is traditionally a slower quarter due to the seasonality of construction activity in our primary markets. With the capital raised we will continue the implementation of our strategic plan including accretive acquisitions, regional expansion in the USA, and balance sheet improvements. We continue to remain optimistic about our prospects for the year and remain on track to exceed 2020 results.” “A key part of our strategic plan was focused on strengthening our balance sheet and reducing overall leverage. As a result of our recently completed public offering in March 2021, we were able to use a portion of the funds to reduce high interest debt and simplify our debt structure. With our strong cash position and our positive cashflow from operations, Cematrix is well positioned to continue to execute on our overall strategic plan,” stated Randy Boomhour, CFO of Cematrix. The following are the business and financial highlights for the first quarter: Business highlights for the Quarter: Recognized as TSX Venture 50 company for the second consecutive year (February 25)Announced new project awards of $9.9 million and a growing backlog to $89.1 million (March 1, 2021)CEMATRIX completed an equity financing in the amount of $23.0 million in gross proceeds to support its plans for regional growth in the U.S. and its continued pursuit of acquisition opportunities (March 18, 2021)Announced new project awards of $6.0 million and a growing backlog to $94.4 million (March 31, 2021) Financial highlights for the first quarter: Revenue increased to $4.5 million in Q1 2021 versus $3.9 million in Q1 2020.Operating loss in Q1 2021 was $1.1 million versus $0.8 million loss in Q1 2020.Adjusted EBITDA was $-0.5 million in Q1 2021 versus $-0.5 million in Q1 2020.Remain cashflow positive from operations, with cash generated from operating activities of $0.4 million in Q1 2021, similar to the $0.4 million generated in Q1 2020.Continue to execute on the strategic objective to de-lever the balance sheet having paid down $2.9 million in long term debt and earnout liabilities in the quarter.The balance sheet was further strengthened having received $2.0 million from warrant & stock option exercises and having $1.1 million in convertible debentures being converted. Derivative non-cash accounting item in the quarter: In the first quarter, the Corporation recorded a $1.6 million non-cash fair value adjustment recovery and a corresponding decrease in current liabilities under the current portion of convertible debt – non-cash derivative liability due to the IFRS accounting treatment for embedded derivatives related to the MOS convertible note. The adjustment is due to the decrease in the price of the Company’s shares compared to the previous measurement date of December 31, 2020. The convertible note matures on May 31, 2021 and will be repaid or converted to equity on that date. ABOUT CEMATRIX CEMATRIX is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Through recent acquisitions of Chicago based MixOnSite and Bellingham based Pacific International Grout, CEMATRIX is now North America’s largest Cellular Concrete company. For more information please visit our website at www.cematrix.com. CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including satisfaction of regulatory requirements in various jurisdictions and the Company’s anticipated use of the net proceeds of the Offering. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, which could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information, please contact:Jeff Kendrick - President and Chief Executive OfficerPhone: (403) 219-0484 Glen Akselrod – President, Bristol CapitalPhone: (905) 326 1888 ext 1glen@bristolir.com Jeff Walker, The Howard Group – Investor RelationsPhone: (888) 221-0915 or (403) 221-0915jeff@howardgroupinc.com

  • CEMATRIX Announces $3.6 Million in New Awards, Growing Backlog now at $96.2 Million
    GlobeNewswire

    CEMATRIX Announces $3.6 Million in New Awards, Growing Backlog now at $96.2 Million

    CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announced that its wholly owned operating subsidiaries, which include CEMATRIX (Canada) Inc. (“CCI”), MixOnSite USA Inc. (“MOS”) and Pacific International Grout Company (“PIGCO’) have been awarded $3.6 million in new projects. Including the $3.6M in new project awards, the Corporation’s backlog now totals $96.2 million. $14.8 million of the Corporation’s backlog is Contracted and $81.4 million is Contracts in Process. As of January 1, 2021, the Corporation’s Backlog is defined as Contracts plus Contracts in Process. Contracts in Process are defined as projects where the related contract is in office for review or signature; or signed and returned to the client for their signature; or is in the post award project submission process; or is awarded by letter of intent; or is awarded by some other form of written communication. “We are pleased to announce that the majority of these projects are Canadian based projects, further illustrating the continued rebound of the Canadian market from last years COVID affected Canadian sales totals,” stated Jeff Kendrick, CEMATRIX President and CEO. “In 2020, CEMATRIX’s Canadian sales decreased by over 50% compared to 2019 revenue totals. These new project awards are currently scheduled to be completed in 2021, another positive sign that project delays related to the COVID situation are slowly coming to an end both in Canada and in the United States.” ABOUT CEMATRIX CEMATRIX is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Through recent acquisitions of Chicago based MixOnSite and Bellingham based Pacific International Grout, CEMATRIX is now North America’s largest Cellular Concrete company. For more information please visit our website at www.cematrix.com. CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including satisfaction of regulatory requirements in various jurisdictions and the Company’s anticipated use of the net proceeds of the Offering. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, which could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information, please contact:Jeff Kendrick - President and Chief Executive Officer Phone: (403) 219-0484 Glen Akselrod – President, Bristol CapitalPhone: (905) 326 1888 ext 1glen@bristolir.com Jeff Walker, The Howard Group – Investor RelationsPhone: (888) 221-0915 or (403) 221-0915 jeff@howardgroupinc.com

  • CEMATRIX Announces Anna Cuglietta has joined the Board of Directors
    GlobeNewswire

    CEMATRIX Announces Anna Cuglietta has joined the Board of Directors

    CALGARY, Alberta, April 27, 2021 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCBB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announces that Anna Cuglietta, a senior human resources professional with strong business acumen and proven expertise in performance management and leadership coaching has joined the Board of Directors of the Company. Ms. Cuglietta currently serves as Vice President Human Resources for a top five Canadian construction company with revenues greater than $1 billion serving the Canadian construction and industrial services markets. Ms. Cuglietta has over 20 years of experience in senior human resources and people leadership positions at several leading regional and national organizations. Ms. Cuglietta holds an MBA from the University of Alberta and post graduate Education Certificates in Human Resources and Executive Coaching. “Anna is an exceptional addition to the Board. She is a seasoned executive with a diverse background with especially strong construction and human resources experience. Her experience will prove invaluable as we continue along our growth path and our ongoing need to add additional management and employees across North America. I look forward to working with Anna and the rest of the Board as we move forward with the successful execution of our strategic plan.” stated Jeff Kendrick, President and CEO of CEMATRIX. “We are pleased to welcome Anna to the Board of Directors. We believe Anna is great fit for the culture of the Company and the Board. The entire Board is looking forward to working with Anna and to her future contributions to the governance and strategic direction of Cematrix.” stated Minaz Lalani, Chairman of the Board of CEMATRIX. For further information on CEMATRIX’s Board of Directors, please visit www.cematrix.com. ABOUT CEMATRIXCEMATRIX is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Through recent acquisitions of Chicago based MixOnSite and Bellingham based Pacific International Grout, CEMATRIX is now North America’s largest Cellular Concrete company. For more information please visit our website at www.cematrix.com. CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTSThis news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including satisfaction of regulatory requirements in various jurisdictions and the Company’s anticipated use of the net proceeds of the Offering. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, which could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information, please contact:Jeff Kendrick - President and Chief Executive Officer Phone: (403) 219-0484 Glen Akselrod – President, Bristol CapitalPhone: (905) 326 1888 ext 1glen@bristolir.com Jeff Walker, The Howard Group – Investor RelationsPhone: (888) 221-0915 or (403) 221-0915 jeff@howardgroupinc.com