Cymat Technologies Ltd. (V:CYM)
Business Focus: Aluminum (NEC)
| Sector: Basic Materials | Industry: Aluminum |
| Company Contact | |
| Address: | 6320 Danville Road, Unit 2 MISSISSAUGA ON L5T 2L7 |
| Tel: | N/A |
| Website: | https://www.cymat.com |
| IR: | See website |
| Key People | ||
| Michael M. Liik Executive Chairman of the Board, Chief Executive Officer | Darryl Kleebaum Chief Financial Officer | |
| Business Overview |
| Cymat Technologies Ltd. is a Canada-based manufacturing company. The Company holds licenses and related patents to make, use and sell Stabilized Aluminum Foam (SAF). SAF is produced utilizing a process, in which gas is bubbled into molten alloyed aluminum containing a dispersion of fine ceramic particles to create foam, which is then cast into panels and shapes. The Company is manufacturing SAF for use in architectural, blast mitigation and energy absorption applications. It continues to develop applications for use in the automotive and industrial markets. The Company operates through two divisions: SmartMetal and Alusion. Its SmartMetal stabilized aluminum foam products are effective at absorbing an amount of energy in a lightweight and recyclable package. Its flat panel architectural line of products is separately branded as Alusion. Alusion markets and sells directly or through a network of worldwide agents and distributors, for use in a range of projects. |
| Financial Overview |
| For the nine months ended 31 January 2024, Cymat Technologies Ltd. revenues decreased 42% to C$1.4M. Net loss decreased 28% to C$3.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Selling, general and administrative expe decrease of 37% to C$2.5M (expense), Foreign exchange gain (loss) increase from C$41K (expense) to C$13K (income). |
| Employees: | 11 as of Apr 30, 2013 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $11.05M as of Jan 31, 2024 |
| Annual revenue (TTM): | $2.04M as of Jan 31, 2024 |
| EBITDA (TTM): | -$3.66M as of Jan 31, 2024 |
| Net annual income (TTM): | -$4.73M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$2.32M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $2.73M as of Jan 31, 2024 |
| Shares outstanding: | 65,694,085 as of Jan 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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