Memex Inc V.OEE.H

Alternate Symbol(s): MENXF

Technology Software - Application

Memex Inc. is a Canada-based company, which is an industry internet of things (IIoT) company. The Company’s manufacturing operations management system (MOMS) software products include MERLIN Tempus, MERLIN Tempus EE, MERLIN FOEE, MERLIN CI, MERLIN Operator Portal, MERLIN ERP, and Ax2245 ScanGun Bar Code Scanner. The Company is engaged in the development of MERLIN Tempus, a platform that delivers real-time, tangible increases in manufacturing productivity. The MERLIN Tempus suite provides quantification and management of overall equipment effectiveness (OEE) by revealing hidden capacity using real-time objective data. Its IIoT Hardware products include Ax760 MTConnect, and MERLIN Adapter for Siemens SINUMERIK 840D. The Company’s hardware solutions offer manufacturers the essential link that allows manufacturers to connect machines together. Its DNC & Memory Upgrades products include MERLIN DNC, MERLIN Dostek DNC, Behind-the-tape Reader (BTR), and Memory Upgrade.

TSXV:OEE.H - Post by User

Memex Inc

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Comment by SuperMoneyon Feb 14, 2019 9:48am

134 Views

Post# 29363350

RE:Review of last financial report

Q1-2019 financial report will likely be released in around March 1, 2019 (last year was in March 1, 2018).

The date for Annual General Meeting will be in March 21, 2019.

https://www.memexoee.com/annual-general-meeting-2019/

Hopefully, we will see good news from both events. Cheers.

Warning: this is only my opinion. It is NOT any investment advice. Do your own DD.

SuperMoney wrote: The followings are some of significant highlights from last quarterly financial report released at January 14, 2019.

https://web.tmxmoney.com/article.php?newsid=7969890080753135&qm_symbol=OEE

Summary financial highlights for the three-months ended September 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;

Bookingsⁱ for the period totalled $420 thousand versus $365 thousand in the same period a year ago, a 15% increase.

Subsequent to year-end highlights (Q1-2019):

Record bookings were achieved in Q1-2019, ending December 31^st, 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.

Based on my understanding, I personally expect to see a good financial report for Q1-2019. Cheers.

Warning: This is only my opinion. It is NOT any investment advice. Do your own DD.