CEMATRIX Corp T.CEMX

CEMATRIX Announces $9.7 Million in New Contracts

[Betteryear2]

CALGARY, Alberta, July 10, 2024 (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, today announced that it has executed $9.7 million in new contracts since the company’s last announcement. Factoring in the $9.7 million, the year-to-date total in contracts executed is $35.8 million.

CEMATRIX Announces $9.7 Million in New Contracts (globenewswire.com)

[tony08]

Excellent news.  2023 was a record year ...... From January 1 to July 19, 2023, Cematrix made announcements of new contracts for a total of $ 27.6m   This year, for the same period, Cematrix announced a total of $ 35.8m If it continues like that, 2024 could be a better year than 2023 !! We should brake the $0,50 high today.....

[Bubbajohny50]

So with increased new contracts. Plus, the backlog declining a little.  That should mean they are completing more contracts, thus, the revenues will be increasing.  This should mean bigger profits.  

[jsibbick]

Based on previous release and estimate i'm guessing that the Q2 will be between 10-12 mill. I could be off but let's hope that's the outcome. 

[tony08]

Jsibbick, just think that for Q2/23, cematrix, with revenues of $6.2M, was still with negative EPS. Despite everything, it still ended the year 2023 with total revenues of $53.3M and positive EPS of $0.009 If you are right, with revenues of $10 -12M for Q2/24 added to the $8.4M already declared for Q1/24, we would be at more or less $20M for the two weakest quarters of the year. ...  

[jsibbick]

Im hoping im right. I went back to previous releases and looked at back log and this most recent one. I could be complety off but i'm hoping not to be. GLTA

[kingscorpion]

I just wish we can with certainty figure out revenues when they come up with contract announcements and contracts at hand Now, just before the announcement the contracts at hand was I believe $81.4 mil Now we get $9.7 mil contract announcement and the contracts at hand is $84. 6 mil and in earlier announcements the company did mention some contracts will be completed in 2024 but we don't know

[LongTerm3]

I'm guessing close to 10MM 2nd quarter.

[Kpitreal]

.60 will be the new .50. CEMX is on the way to .80 to 1.00 very soon. EPS of .04 to .05 on the low side imo. New trading symbol with uplisting may take a day or two to appear on all exchanges.