The following is a summary of the CEMATRIX Corporation (CTXXF) Q4 2023 Earnings Call Transcript:

Financial Performance:

• CEMATRIX's Q4 revenue stood at $19.6 million, significantly up by 136% from Q4 2022.

• Full-year revenue was recorded at $53.3 million, marking an 84% increase from the previous year.

• A remarkable improvement in the company's gross margins was noted in Q4 which stood at $5.4 million or 27%, and the full year's margins were $11.9 million or 22%.

• The company reported positive cash flow from operations in Q4 as well as for the entire year of 2023.

Business Progress:

• CEMATRIX has made strides in business expansion with a focus on southern US regions to boost growth and counter seasonal financial impacts.

• The company's ramped-up production capacity now stands at over USD 200 million, and it has bolstered the sales force notably in the US.

• The backlog was reported to be over $100 million, signalling an impressive future sales prospect.

• Key changes in personnel, along with plans for cross-training staff and maintaining upgraded equipment, demonstrate the company's strategy to efficiently manage growth.

• Despite potential market challenges, CEMATRIX remains optimistic about attracting the required workforce to support its business in the upcoming years.

More details: CEMATRIX CORPORATION IR

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