Core Viewpoint - CEMATRIX Corporation reported its best Q2 in company history, achieving record revenues, improved margins, and strong cash flow generation [1][2]. Financial Performance - Q2 revenues reached $10.6 million, a 66% increase from $6.4 million in the same quarter last year [4]. - Adjusted EBITDA for the quarter was $2.4 million, compared to a loss of $0.5 million in Q2 2024, marking a 580% improvement [4]. - Gross margin increased to $4.1 million, a 273% rise from $1.1 million in Q2 2024, with gross margin percentage rising from 17% to 39% [4]. - Cash flow from operating activities was $2.4 million, significantly up from a negative $0.5 million in Q2 2024 [4]. - The company ended the quarter with a cash position of $8.6 million [2]. Business Highlights - CEMATRIX executed a normal course issuer bid (NCIB), purchasing over 700,000 shares, reducing the outstanding share count for the first time [2]. - The company announced $9.7 million in new contracts on April 17, 2025, and additional contracts totaling $5.7 million and $5.1 million in May and July, respectively [6]. - The company is focused on delivering quality solutions for geotechnical construction challenges and anticipates a busy third quarter [3][2]. Company Overview - CEMATRIX specializes in producing cellular concrete solutions and is a leading manufacturer in North America [1][8]. - The company operates through subsidiaries including CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company [10].

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].