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 > Q4-2021 Results

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Comment by TriumphSpitSixon Jan 18, 2022 1:23pm

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Post# 34329321

RE:RE: Q4-2021 Results

I guess we could look at this a couple different ways:

1. They aren't winning much new business to add to their backlog.

OR

2. They are consistently winning new work but completing it faster so the backlog is decreasing.

I have no idea which is correct given the lack of communication out of Memex, but hopeful they are performing. Given that their "bookings" metric remained relativily flat in 2019, 2020 and 2021, I'm leaning toward Option 2.

kidl2 wrote: Better than expected aside from this:

Finished the quarter with $515 thousand in project backlogii, down 59% from September 30, 2020;

Maybe they fixed this problem in Q1?