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Cematrix ( (TSE:CEMX) ) just unveiled an announcement.
CEMATRIX Corporation announced its best second quarter in company history, with record revenues of $10.6 million, improved margins, and strong cash flow generation. The company achieved an adjusted EBITDA of $2.4 million and ended the quarter with a cash position of $8.6 million. CEMATRIX also reduced its outstanding share count for the first time and remains in a strong financial position to execute its strategy. The company announced several new contracts and projects, indicating a busy third quarter and a promising outlook for the year.
The most recent analyst rating on (TSE:CEMX) stock is a Buy with a C$0.35 price target. To see the full list of analyst forecasts on Cematrix stock, see the TSE:CEMX Stock Forecast page.
Spark’s Take on TSE:CEMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:CEMX is a Neutral.
Cematrix’s overall stock score is primarily driven by its strong corporate events and positive technical indicators. While the balance sheet shows strength, challenges in profitability and valuation weigh down the score. The stock is buoyed by recent contract wins, suggesting potential for future growth despite current financial struggles.
To see Spark’s full report on TSE:CEMX stock, click here.
More about Cematrix
CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site. It is a leading manufacturer and supplier of cellular concrete in North America, providing cost-effective and innovative solutions for geotechnical construction challenges. The company’s applications include lightweight engineered fill, MSE & retaining wall fill, and more. CEMATRIX is an early-stage growth company with significant revenue, positive EBITDA, and a strong team, operating through subsidiaries such as CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company.
Average Trading Volume: 145,515
Technical Sentiment Signal: Buy
Current Market Cap: C$45.06M
Find detailed analytics on CEMX stock on TipRanks’ Stock Analysis page.