Cematrix Corporation V.CVX

$5.5 Million in New Contracts

[Betteryear2]

CALGARY, Alberta, Sept. 08, 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 executed $5.5 million in contracts, of which $3.4 million was previously characterized as contracts in process.

Factoring in these $5.5M in new contracts, the converted contracts and the sales completed to date, the Corporation’s backlog now totals $91.4 million.   $22.2 million of the Corporation’s backlog is Contracted and $69.2 million is Contracts in Process.

As of January 1, 2021, the Corporation’s Backlog is defined as Contracted plus Contracts in Process net of sales completed to date. 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 these geotechnical infrastructure projects are located across North America,” stated Jeff Kendrick, CEMATRIX President and CEO. “CEMATRIX’s Canadian and U.S. bid activity continues to remain strong, which has resulted in a strong backlog that has increased 26% since year end. We expect this trend to continue for the foreseeable future as governments continue to spend and move new commitments forward on both new and replacement infrastructure.”

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.

 

[kingscorpion]

Thanx betteryear If you all do the math already the revenues for Q3 are $5 mil. And we still have 3 weeks to go with on going contracts.

[Kalsabor]

we should break .50$ this week woohoo!

[vinmick]

This new business shows they are still working and moving forward.  Instead of hanging in the Covid funk.

[Alwayscrazy]

Blame it on F@ckin Asian Virus, l hate everything Call it Asian 

[Tan4646]

It won"t take long for these new contracts to turn into revenues which geven CVX high fixed costw will shoot their Gross Margin % higher and increased cash flows from operations. This is what will move the share price and in a matter of days, those on the sidelines will get stuck on the outside.  Things are moving in the right direction and with a measely 61M market cap, it won't

[kingscorpion]

Well said Tan This is what we've been saying for a long time The stock already bottomed with 2 analysts last week approving CVX business going forward. The bus is about to leave station and if you are still waiting on the sideline then you are not going to PARIS It made a bottom at .34 c but before you can buy in the stock had to change direction with a conviction UP So now that conviction is

[TopStockBuy]

$20M Operating costs.  $30M Good margins.  $40M Excellent Margins  2022:    $2 - $5

[kingscorpion]

I dont think they understood what you wrote topstock. If they did then you would have 5 thumbs up by now. 20 mil is the fixed cost anything above it is gravy is what he's saying

[Rafaholic]

base on the news they gave  august 11  94 m backlog .On the news today 5.5m new contract so add those 99.5m  altogether. they said they still have 91.4 m backlog so i think they have 8.1m revenues done we still have 3 weeks before 3rd quarter end looks we have some good numbers...

[kingscorpion]

Their $20 mil per annum total cost includes all and so when their sales go over $20 mil they become cash flow positive and their EPS becomes positive When they start making over $30 mil $40 mil as they have stated for next year in their statement This is one of the reasons why you are buying in because when revenues go over $40 mil is when the stock.price.would most likely be 8 to 10 times current

[kingscorpion]

So ask yourselves if this pandemic is going to go on for ever or will it at some point down the road dissappear Ask yourselves if as a result OF COVID disappearing down the road do you think the s.p will stay at this level when the sector awaits for Bidens infrastructure plan as well as company has applied for COVID relief fund from government in the amount of $40 mil as per Bushman info. So do

[Kalsabor]

i get the point....but having a news release and not having the s.p much is disappointing

[kingscorpion]

So you are wondering how they plan on making revenues in $40 mil and above well The $91 mil contracts CVX has, and bidding for over $367 mil are actually for 2 years revenues $45 mil and $45 mil and by then CVX will have more contracts signed, to continue beyond the 2 year revenues This $45 mil revenue for next year is enough to push CVX share price to $3 mark You know the fix cost per annum is

[kingscorpion]

You are buying now for next year because next year Q1 the share price will be above $1.00 In fact you are buying now starting this Q3 of this year.

[Kalsabor]

And that is why you the man! ... seriously just wishing to beeak 0.50$ wall here that's all after, i'm fine

[Alwayscrazy]

You hit a nail on the head, well  done, happy  to see some one knows what he says, I do know that very well CVX thier cost  to operate  company year-round  20M above that its pure, hat off for Kingscorpion, better than that stupid Kalsabor, he's in middle of ocean doesn't know where Shore is, also his English rusty needs to improve it 

[Kpitreal]

Agree completely. Great post. Earnings estimates are conservative also lots of upside.

[Joe455]

And it has 22 million in cash.

[Rafaholic]

when infrastructure bill funds goes out this will just burst! contracts will be just poppin every week 10bagger or more ... intent of acquisition is what im excited for Cematrix in Texas   ka ching ka ching 

[bushman33333]

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