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CEMATRIX Corporation (V:CVX)

Business Focus: Construction & Engineering (NEC)

Sector:  Industrials Industry:  Construction & Engineering
 
Company Contact
Address: 9727-40 Street SE, Calgary
CALGARY AB T2C 2P4
Tel: 1-403-2210915
Website: www.cematrix.com
IR: See website
Key People
Jeffrey N. Kendrick
President, Chief Executive Officer, Director
Randy Boomhour
Chief Financial Officer, Corporate Secretary
Pat Stephens
President - Pacific International Grout Co.
Jordan Wolfe
President - MixOnSite USA, Inc.
   
Business Overview
CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from formulations across North America. The Company's cement-based material with superior thermal protection delivers to a range of problems facing the infrastructure, industrial, energy and commercial markets. It supplies and installs lightweight cellular concrete with a cast density as low as 400 kg/m3. Its cellular concrete is commonly used as an insulation material for oil and gas facility slabs, roadways, shallow utilities and contaminated site remediation that requires ground heating. Its grout and flowable fill applications include tunnel grouting, annular pipe grout, pipe abandonment, and flowable fill. The Company's wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. (CCI), Chicago based MixOnSite USA Inc. (MOS) and Bellingham based Pacific International Grout Company (PIGCO).
Financial Overview
For the fiscal year ended 31 December 2023, CEMATRIX Corp revenues increased 84% to C$53.3M. Net income totaled C$1.2M vs. loss of C$5.6M. Revenues reflect Canada segment increase from C$7.6M to C$20.9M, U.S segment increase of 51% to C$32.4M. Net Income reflects Stock-based Compensation in SGA decrease of 46% to C$329K (expense), Accretion costs decrease of 64% to C$139K (expense).
Employees: 65 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $48.64M as of Dec 31, 2023
Annual revenue (TTM): $53.30M as of Dec 31, 2023
EBITDA (TTM): $4.99M as of Dec 31, 2023
Net annual income (TTM): $1.24M as of Dec 31, 2023
Free cash flow (TTM): -$1.46M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 135,279,048 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization