CEMATRIX Announces 2025 First Quarter Financial Results

Core Viewpoint - CEMATRIX Corporation reported a decline in first-quarter revenues and gross margins compared to the previous year, but maintains a strong balance sheet and anticipates increased activity in the upcoming quarter [2][3]. Financial Performance - First quarter revenues were $6.6 million, down from $8.4 million in the same period last year, representing a decrease of 21% [3]. - Gross margin decreased to $1.4 million from $2.6 million, a decline of 46%, with gross margin percentage dropping from 30% to 22% [3]. - Operating income turned negative at $(0.7) million compared to a positive $0.3 million last year, marking a 333% decline [3]. - Adjusted EBITDA also fell to $(0.1) million from $1.0 million, a decrease of 110% [3]. - Cash flow from operations was $(0.1) million, down from $0.9 million, reflecting a 111% decline [3]. Business Highlights - The company announced $5.8 million in new contracts on February 10, 2025, followed by $5.4 million on March 19, 2025, and $9.7 million on April 17, 2025 [5]. - CEMATRIX is focused on equipment maintenance during slower periods to prepare for the spring construction season and is actively pursuing new work [2]. Financial Position - CEMATRIX reported a cash balance of $8.5 million and successfully paid down its long-term debt from $1.1 million to zero [2]. - The company added an equipment financing loan of $1.6 million as part of its long-term capital structure strategy, maintaining low leverage [2]. Company Overview - CEMATRIX specializes in producing cellular concrete solutions, which are used in various construction applications, including lightweight engineered fill and insulating road subbases [6][7]. - The company operates through subsidiaries including CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company [8].