TSXV:OEE.H - Post by User
Post by
SuperMoneyon Jan 18, 2019 11:31am
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Post# 29251393
Review of Q4-2018 results
Review of Q4-2018 resultsThe followings are some significant highlights quoted from the Q4-2018 results. When investors expect to see/have good results and new opportunities for OEE in the near future, the share price won’t remain at 0.035, which seems too cheap, isn’t it?
Summary financialhighlights for the three-months endedSeptember 30, 2018:
- Memex reported a record revenue quarter - $1.08 million for the three-month period, surpassing one million dollars for the first time. This compares to $626 thousand in revenue in the same period a year ago (a 72% increase) and $650 thousand in Q3-2018 (a 66% increase);
- Gross margin was 82% (77% after Q4 adjustment) for the period compared to 66% for the year-ago period, the increase was due primarily to higher sales volume;
- Cash consumed from operations in Q4-2018 (before changes in non-cash items) was $22 thousand, the lowest quarterly consumption in the Company's history;
Other operational and subsequent to year-end highlights:
- Record bookings were achieved in Q1-2019, ending December 31st, 2018 of just over $1.0 million. These strong bookings came on the back of participation at the International Manufacturing Technology Show ("IMTS") in Chicago in September which continues to draw increased interest through inquires and requests for demos and more information about MERLIN Tempus.
- The evolution of Tempus has continued with the development of add-on feature, MERLIN Performance Management Model ("MPMM"), available for use with the latest version release. MPMM is designed to leverage existing Continuous Improvement ("CI") resources and expertise to quickly identify and target CI initiatives enterprise wide.
- Memex has developed relationships with several large Enterprise Resource Planning ("ERP") solutions providers to seamlessly integrate MERLIN Tempus with leading ERP systems and provide unparalleled shop floor to top floor visibility. This capability has already resulted in several new customer wins and the expansion of existing customer deployments.
Management commentary:
"Demonstrated by our record revenue quarter in the fourth quarter, we're seeing the adoption curve for data-driven manufacturing flatten out," said Memex CEO Dave McPhail. "We have definitely seen an increase in sales activity following IMTS, and customers who have deployed MERLIN Tempus over the last several quarters are extremely pleased with its functionality and ROI. Although our first fiscal quarter of 2019 ending December 31st, 2018 is generally weaker due to holiday shutdowns in the manufacturing industry, I am very encouraged that we ended the quarter with record bookings of just over $1.0 million. Our pipeline of opportunities continues to solidify, and we expect additional order flow from new and existing customers throughout fiscal 2019."
Please see see the news at:
https://web.tmxmoney.com/article.php?newsid=7969890080753135&qm_symbol=OEE