CEMATRIX Appears on BNN – Stock Hits All-Time High

This morning, CEMATRIX shareholders were greeted with more positive news in the form of new contracts valued at $2.9 million, which brings the company’s contracted total for this year to $11.3 million.

A couple of items that should be of interest to shareholders – first, CEMATRIX is only into the fifth month of 2016 and has already secured more than $11 million dollars in contracts. Last year the company had total revenues of $15.4 million and positive EBITDA of $2.8 million. Management has provided guidance on projected revenues for 2016 to come in at $18 million – a 17% increase from last year.

Secondly, the company is currently bidding on individual projects, any one of which is greater than last year’s total volumes. To quantify this, last year’s total volume was approximately 82,000 cubic meters.  Some of the individual projects this year are calling for anywhere from 50,000 to 100,000 cubic meters.  

Company CEO Jeff Kendrick was interviewed this morning (May 4th) on Canada’s Business Network’s (BNN) Commodities segment hosted by Andrew Bell.  

As of this writing the company’s stock is trading in the $0.55 range and has also reached an all-time high of $0.58 on strong volume.

In this interview, Mr. Kendrick provided his insights on the following:

• Cellular concrete – what is it made of? How is it made?
• Benefits of cellular concrete; applications for this product,
• Company’s decision to shift its focus from energy to infrastructure due to the resource/energy sector crash in 2008/09,
• Overview of CEMATRIX customers, projects completed, its competition,
• Cost benefits of using cellular concrete,
• Revenue growth and factors contributing to this growth.

As a side note, the company’s bid pipeline is now in excess of $100 million.

Click here to read today’s news release.

Click here to view the BNN interview.