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CEMATRIX Announces 2023 Second Quarter Financial Results

CEMATRIX Announces 2023 Second Quarter Financial Results

CEMATRIX 公佈2023年第二季度財務業績
GlobeNewswire ·  2023/08/10 06:24

Revenue of $6.2 million, 55% increase compared to Q2 2022

收入620萬美元,與2022年第二季度相比增長55%

CALGARY, Alberta, Aug. 09, 2023 (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 announced the release of its consolidated financial results for the quarter ended June 30, 2023.

阿爾伯塔省卡爾加裡,2023年8月9日(環球通訊社)CEMATRIX公司(TSXV:CVX)(OTCQB:CTXXF)(“CEMATRIX“或”公司)一家北美領先的技術先進的泡沫混凝土產品製造商和供應商宣佈發佈截至2023年6月30日的季度綜合財務業績。

"In line with our expectations and following the momentum from a great first quarter, we saw continued improvement in many of our key financial metrics in the second quarter of 2023," stated Jeff Kendrick, President and CEO of CEMATRIX. "Revenue for the quarter was $6.2 compared to $4.0 million the previous year, a 55% increase. Gross margins improved significantly to $1.1 million (18%) compared to $-0.1 (-3%) million in Q2 of the previous year. In addition, our backlog (of projects to be delivered) continues to grow, a reflection of the hard work and demonstrating the success of our sales teams and our sales strategies."

CEMATRIX首席執行官兼首席執行官Jeff·肯德里克表示:“與我們的預期一致,並遵循第一季度的良好勢頭,我們看到我們的許多關鍵財務指標在2023年第二季度繼續改善。”該季度的收入為620萬美元,而去年同期為400萬美元,增長了55%。毛利率大幅提高至110萬美元(18%),而去年第二季度為-10萬美元(-3%)。此外,我們(待交付的專案)的積壓繼續增長,這反映了我們的辛勤工作,以及我們銷售團隊和銷售戰略的成功。

"We remain steadfast in our belief that 2023 will be the best year in the history of the Company. We are set up for a record second half in terms of work scheduled to be completed for our customers. We are on track for record revenue and a return to profitability," continued Mr. Kendrick.

肯德里克先生繼續說道:“我們仍然堅信,2023年將是公司歷史上最好的一年。就計劃為客戶完成的工作而言,我們將迎來創紀錄的下半年。我們正朝著創紀錄的收入和恢復盈利的方向前進。”

"In the second quarter, we repaid all of the outstanding convertible debentures. At the same time, all of our outstanding regular and broker warrants expired. Our capital structure is now significantly de-levered and much simpler versus prior years. This makes our capital structure easier to understand for investors and dramatically reduces CEMATRIX's financial risk profile. As a result of our efforts to de-lever the balance sheet, the Company estimates savings of approximately $1.2 million in annual cash interest costs," stated Randy Boomhour, CFO of CEMATRIX.

CEMATRIX首席財務官蘭迪·博姆霍爾說:“在第二季度,我們償還了所有未償還的可轉換債券。同時,我們所有未償還的常規和經紀認股權證也都到期了。我們現在的資本結構大大去槓桿化,而且比前幾年簡單得多。這使得我們的資本結構更容易讓投資者理解,並極大地降低了CEMATRIX的財務風險。由於我們努力去槓桿化資產負債表,公司估計每年可節省約120萬美元的現金利息成本。”

"As always, I want to thank all of our employees at CEMATRIX, particularly our field staff, for staying safe and delivering a quality product to our customers. Our employees continue to make our success possible through hard work and dedication and we will look to them to keep up the good work for the rest of the year," stated Mr. Kendrick.

肯德里克先生說:“我要一如既往地感謝CEMATRIX的所有員工,特別是我們的現場工作人員,感謝他們的安全,為我們的客戶提供高質量的產品。我們的員工繼續通過辛勤工作和奉獻精神使我們取得成功,我們將期待他們在今年餘下的時間裡繼續出色地工作。”

"We remain focused on becoming a growing, cashflow positive company through strong organic growth, coupled with a strong and de-levered balance sheet, and a simple capital structure. We are strongly aligned with shareholders. I remain incredibly optimistic about this year and the future," concluded Mr. Kendrick.

“我們仍然專注於通過強勁的有機增長、強勁的去槓桿化資產負債表和簡單的資本結構,成為一家不斷增長、現金流為正的公司。我們與股東緊密聯繫在一起。我對今年和未來仍然非常樂觀,”肯德里克總結道。

The following are the business and financial highlights for the second quarter and year to date:

以下是第二季度和今年迄今的商業和財務亮點:

Business highlights for the Quarter:

本季度的業務亮點:

  • Announced $6.0 million in new contracts and backlog of $93.2 million (April 26, 2023)
  • Announced Management Perspectives – Uniquely positioned for 2023 and Beyond (May 2, 2023)
  • Announced $5.9 million in new contracts and backlog of $95.7 million (June 6, 2023)
  • 宣佈價值600萬美元的新合同和9320萬美元的積壓合同(2023年4月26日)
  • 已宣佈的管理前景-針對2023年及以後的獨特定位(2023年5月2日)
  • 宣佈了590萬美元的新合同和9570萬美元的積壓合同(2023年6月6日)

Business highlights subsequent to the Quarter:

本季度之後的業務亮點:

  • Announced $5.9 million in new contracts and backlog of $99.4 million (July 19, 2023)
  • 宣佈了590萬美元的新合同和9940萬美元的積壓合同(2023年7月19日)

Financial highlights for the second quarter:

第二季度財務亮點:

  • Revenue was $6.2 million in Q2 2023 versus $4.0 million in Q2 2022 (an increase of 55%)
  • Gross margin was $1.1 million (18%) in Q2 2023 versus $-0.1 million in Q2 2022 (an improvement of $1.2 million)
  • Operating loss was $1.0 million in Q2 2023 versus a $2.0 million loss in Q2 2022 (an improvement of $1.0M or 52%)
  • Adjusted EBITDA was negative $0.4 million in Q2 2023 versus negative $1.3 million in Q2 2022 (an improvement of $0.9M or 69%)
  • Cashflow from operations was negative $1.6 million in Q2 2023 versus negative $2.0 million in Q2 2021 (an improvement of $0.4M or 20%)
  • 2023年第二季度收入為620萬美元,而2022年第二季度為400萬美元(增長55%)
  • 2023年第二季度毛利率為110萬美元(18%),而2022年第二季度毛利率為-10萬美元(增加120萬美元)
  • 2023年第二季度的運營虧損為100萬美元,而2022年第二季度的虧損為200萬美元(改善了100萬美元或52%)
  • 調整後的EBITDA在2023年第二季度為負40萬美元,而2022年第二季度為負130萬美元(改善了90萬美元或69%)
  • 2023年第二季度運營現金流為負160萬美元,而2021年第二季度為負200萬美元(增加40萬美元或20%)

Financial highlights for the six months ended June 30th (year to date results):

截至六月三十日止六個月的財務摘要這是(年初至今業績):

  • Revenue was $13.4 million in YTD 2023 versus $9.1 million in YTD 2022 (an increase of 47%).
  • Gross margin was $1.9 million (14%) in YTD 2023 versus $-0.1 million in YTD 2022 (an improvement of $2.0 million)
  • Operating loss was $2.1 million in YTD 2023 versus a loss of $3.8 million YTD 2022 (an improvement of $1.7 million or 45%).
  • Adjusted EBITDA was negative $1.2 million in YTD 2023 versus negative $2.8 million in YTD 2022 (an improvement of $1.6 million or 61%).
  • Cashflow from operations was negative $1.9 million in YTD 2023 versus negative $2.7 million used in YTD 2022 (an improvement of $0.8M or 31%).
  • Working capital as at the end of the June 30 was $6.4 million with $3.5 million in cash.
  • 2023年的收入為1340萬美元,而2022年的收入為910萬美元(增長47%)。
  • 2023年的毛利率為190萬美元(14%),而2022年的毛利率為-10萬美元(增長200萬美元)
  • 2023年的營業虧損為210萬美元,而2022年的虧損為380萬美元(改善了170萬美元或45%)。
  • 調整後的EBITDA在2023年為負120萬美元,而2022年為負280萬美元(改善160萬美元或61%)。
  • 來自運營的現金流在2023年為負190萬美元,而在2022年為負270萬美元(增加了80萬美元或31%)。
  • 截至6月30日底,營運資金為640萬美元,現金為350萬美元。

ABOUT CEMATRIX

關於CEMATRIX

CEMATRIX is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Through recent acquisitions of Chicago-based MixOnSite and Bellingham based Pacific International Grout, CEMATRIX is now North America's largest Cellular Concrete company. For more information please visit our website at .

CEMATRIX是一家快速發展的公司,生產和供應技術先進的泡沫混凝土產品,這些產品是根據北美地區的專有配方開發的。這種獨特的水泥基材料具有卓越的熱防護,為基礎設施、工業(包括石油和天然氣)和商業市場面臨的一系列問題提供了具有成本效益的創新解決方案。通過最近對總部位於芝加哥的MixOnSite和總部位於貝靈漢的Pacific International Grout的收購,CEMATRIX現在是北美最大的蜂窩混凝土公司。欲瞭解更多資訊,請訪問我們的網站。

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

關於前瞻性陳述的警告性聲明

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including satisfaction of regulatory requirements in various jurisdictions and the Company's anticipated use of the net proceeds of the Offering. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, which could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.

本新聞稿包含適用證券法定義的前瞻性陳述和前瞻性資訊(統稱為“前瞻性陳述”)。除有關歷史事實的陳述外,所有陳述均為前瞻性陳述。一般而言,前瞻性陳述可通過使用諸如“計劃”、“預期”、“估計”、“打算”、“預期”、“相信”或此類詞語的變體,或某些行動、事件或結果“可能”、“將採取”、“發生”或“將實現”等術語來確定。本新聞稿中包含的前瞻性陳述是基於公司做出的某些關鍵預期和假設,包括滿足不同司法管轄區的監管要求以及公司預期使用此次發行的淨收益。前瞻性表述涉及風險、不確定因素和其他在公司向加拿大證券監管機構提交的檔案中“風險因素”項下披露的其他因素,這可能導致實際結果、業績、前景和機會與此類前瞻性表述明示或暗示的內容大不相同。

Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

儘管公司認為,根據管理層目前掌握的資訊,編制這些前瞻性陳述時使用的假設和因素是合理的,但實際結果和發展可能與這些陳述預期的大不相同。因此,提醒讀者不要過度依賴這些聲明,這些聲明僅適用於本新聞稿發佈之日,不能保證此類事件將在披露的時間框架內發生或根本不會發生。除適用法律要求的情況外,公司不承擔任何因新資訊、未來事件或其他原因而更新或修改任何前瞻性陳述的意圖或義務。

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

For further information, please contact:
Jeff Kendrick - President and Chief Executive Officer
Phone: (403) 219-0484

如需更多資訊,請聯繫:
Jeff·肯德里克-總裁和首席執行官
電話:(403)219-0484

Glen Akselrod – President, Bristol Capital
Phone: (905) 326 1888 ext 1
glen@bristolir.com

格倫·阿克塞爾羅德-總裁,布裡斯托爾資本
電話:(905)3261888轉1
郵箱:Glen@bristolir.com

Jeff Walker, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

Jeff·沃克,霍華德集團-投資者關係
電話:(888)221-0915或(403)221-0915
郵箱:Jeff@howardgroupinc.com


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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