Thursday, 16 May 2013

CEMATRIX Confirms Record First Quarter Sales

CEMATRIX Corporation
CVX – TSX Venture
Shares Issued: 33.4 million
Fully Diluted: 36.7 million

After achieving an annual sales record last year, CEMATRIX surged into 2013 setting a company record for Q1 sales which reached $1.998 million, a significant increase from the $336,991 achieved during the same timeframe last year. This jump in revenues is of particular note considering the company’s industry is seasonal in nature with most activity typically occurring from May through October.

Additional highlights from the Q1 financial results include:
  • $1.2 million of sales orders were added during Q1, totaling $5.1 million in contracted projects so far for 2013, all of which are expected to be completed this year.
  • Continued industry diversification with $4.1 million in infrastructure and $1 million in the Alberta oil and gas industry.
  • An agreement with the Business Development Bank of Canada provides an additional $530,000 of capital expenditure financing and the company’s financing loans will be superseded into a new loan, totaling $1,406,000. $1,137,000 of this loan is available and will support equipment additions.

To view the news release, please click here....