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.

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Memex Inc

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Comment by Geckom24on Feb 27, 2020 7:34am

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Post# 30739450

RE:First Quarter results are out on Sedar

Sounds like they couldn't recognize some significant revenues due to a technical issue. That would explain why their backlog remains high. Usually the worst Q of the year "Although year-over-year bookings were lower than expected, they were within management's internal forecast range and close to the 5-year average of past Q1 bookings," said Memex CEO David McPhail. "And our lower year-over-year revenue was due primarily to technical issues that we have now resolved in the deployment of significant projects in Q1. We are pleased to see our $1.41 million backlog continue to grow, which we believe will allow us to improve upon our current results in the remainder of 2020."

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