CEMATRIX Investor Presentation Now Available Online

TSX.V: CVX

Calgary, AB – November 9, 2015: On October 29, 2015, The Howard Group hosted its 7th annual “Opportunity Knocks” investor conference in Toronto at the Omni King Edward Hotel. Jeff Kendrick, President and CEO of CEMATRIX, provided an overview of the company to an audience of fund managers, investment advisors & private investors.

A recording of the presentation is now available online. Click here to view – https://howardgroupinc.com/opportunity-knocks-vii/

To introduce the conference, Howard Group President Grant Howard gave the audience a presentation on his perspective of the current state of the Canadian microcap market. Grant Howard is also a microcap fund manager; he co-manages Insight Limited Partnership II. Click here to view – https://youtu.be/Z0R9qGRFX0g

The event was sponsored by CNW Group, SmallCapPower, Modern Concierge, Stockhouse and Visual Capitalist.

About CEMATRIX

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution for various construction applications. Applications for cellular concrete include tunnel grouting; bridge abutment and retaining wall backfill; insulation of shallow utilities, roads and runways; insulation and/or structural foundations for tank bases and facilities; and as a floating base over weak and unstable or seismic prone soils, for roads and other types of infrastructure.

 

Company Contact:

Jeff Kendrick – President and Chief Executive Officer
Tel: (403) 219-0484

Investor Relations Contact:

The Howard Group Inc.
Jeff Walker
(888) 221-0915
(403) 221-0915
Email: jeff@howardgroupinc.com

Video Presentations From Opportunity Knocks VII Investor Conference Now Available

This past October 29th, The Howard Group hosted its 7th Annual “Opportunity Knocks” Investor Conference in Toronto. Five client companies from a wide variety of industries presented to an audience of approximately 100 fund managers, investment advisors and private investors.

Presenting client companies:

  • Robix Alternative Fuels Inc. | RZX:CSE
  • ICEsoft Technologies | (pending RTO)
  • Symbility Solutions Inc. | SY:TSX-V
  • VidWrx Inc. | VID:TSX-V
  • CEMATRIX Corporation | CVX:TSX-V
  • Grande West Transportation | BUS:TSX-V

The High Definition presentations are now available for viewing on The Howard Group website. To access the presentations, please visit our Events page or click here.

The event was sponsored by CNW Group, SmallCapPower, Modern Concierge, Stockhouse and Visual Capitalist.


About the Howard Group Inc.

Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, business development solutions, strategic planning and financing services to public companies. The Howard Group is associated with the Insight Limited Partnership II, which invests in micro and small cap companies.

The Howard Group also provides ongoing commentary on its client’s activities through the “Insight Live!” blog. Interested parties are encouraged to subscribe on our website at: https://howardgroupinc.com/follow-our-clients/

CEMATRIX Reports Record Q3/2015 Results – 2015 Will Be A Banner Year

Following up on its successful first half of 2015, Cematrix continues to gain momentum in the second half by finishing the third quarter (September 30th) with contracted sales at an all time record level – $16.2 million ($15.0 million for 2015 and $1.2 million for 2016).  

Given the current challenging conditions in the energy sector and the overall economy, the Company continues to deliver solid financial results and metrics.  

Some of the financial highlights for Q3 2015:

  • Year-to-date sales for the first nine months were $9.076 million and income before taxes  at $908,863 – both a record high for the company.
  • Sales for  Q3/2015 were up significantly at $4.09 million compared to just over $967 thousand  in Q3/2014 – an impressive 323% increase.  The bulk of this increase came from a large project in the Alberta oil and gas sector which the Company predicts will continue into 2016.  Infrastructure sales also increased.
  • Income before taxes for the third quarter were  $985 thousand.
  • Gross margins were a healthy 42%, rising to $1.72 million as a result of  higher sales and tight control of expenses.
  • Operating income for Q3/2015  was  $1.17 million compared to a loss of $459 thousand in Q3/2014  – a gain of $1.63 million.
  • EBITDA for the quarter was $1.219 million versus a negative $365 thousand in Q3/2014.

Of note is that management has stated that it expects EBITDA in 2015 to reach as high as $2.5 million. There are just over 34 million shares issued, with a market cap as of this writing of just over $7 million.   

It is forecasting 2016 revenues of $18 to $20 million with 90% of that coming from infrastructure versus energy projects.The bid pipeline now exceeds $100 million.

To view today’s news release, please click here.

3rd Quarter Revenue Tops $2.5 Million – Is FLYHT Hitting Its Stride?

FLYHT Aerospace’s newly appointed CEO Tom Schmutz lead the November 4th third quarter conference call with a strong opening thought:

“My instincts tell me is that FLYHT is in the right place at the right time and I am thoroughly energized to move this company to the next level, building upon the excellent base created by the entire team, led by Bill Tempany and Matt Bradley.”

Nola Heale, FLYHT CFO stated:

“FLYHT’s revenue was almost identical to the first quarter of 2015. In fact, the $2.5 million third quarter revenue was only $50,000 behind that first quarter’s record revenue, which means that we have seen our two best quarters in our history within the same 2015 financial year.”

“The revenue in the current quarter was in fact $920,000 more than Q2. So, it’s a bit of a rollercoaster ride. But we’re very pleased to report that we are enjoying the upslope again. The gross margin also rebounded nicely to 73.3% that does include $682,000 in parts revenue, which of course has a lower cost of sales versus the gross margin. But our voice and data revenue is still 43.7% of that revenue. And the recurring revenue is our highest revenue on record at $1.1 million, so yet another record in the quarter.”

“We’re also very pleased to report that in October, we have now reached 2 million flying hours for our own AFIRS units.”

“During September, we marked our 60th installation in China. And the business in this region is slowly beginning to flow through at an increasing pace, as we had been anticipating would happen. The sales are both through SKYBLUE and direct sale customers.”

“The loss from operating activities and this quarter was $541,000, which brings the full year loss to a loss of $2.3 million, $81,000 more than the prior year-to-date. Shareholders will remember that in our 2014 year, we had written back a provision for the SNC legal claim and this distorted our results. Our current year results are actually a full $1.9 million improved over the first nine months of 2014. Similarly, the net loss is $970,000 less than in the same quarter of 2014, or an incredible $2.3 million less on the year than in 2014, if that SNC abnormal reversal was excluded.”

“Our cash balance has decreased $513,000 during Q3, but as just mentioned, $296,000 of that decrease is actually sitting in inventory on the balance sheet, so the cash is not significantly decreased in this quarter.”

“If we review our modified working capital, which of course excludes the unearned revenue and customer deposits as those items are not refundable to customers and thus they are not true liabilities in the sense of needing to be paid, if we exclude these items, our modified working capital balance is $1.1 million which has only decreased from the second quarter by $4,261. So, the financial position of the company has not really changed in the quarter.”

Mr. Schutz continued,

“What’s important to acknowledge is that our modified working capital position changed by only $4,000 in all of Q3. There is some strength in our sales and our continued controlling of expenses. So that leads us to forego the fundraising that was announced in the summer. We are no longer pursuing this raise. We will continue to monitor our cash position closely and reengage the market in the future, if we need capital for the several programs that we’re pursuing and when the market provides FLYHT a better value for an equity raise.”

“We are also very focused on new OEM opportunities that are very much within our performance capabilities. We hope to have direction from one of these opportunities in the next few months, but as you know this will be completely dependent upon the OEM and we cannot provide any clear guidance on what we’ll receive this feedback.”

There were a number of items addressed in the Q&A, here are some key takeaways:

Please comment on the situation in China?

“We’ve signed up 10 carriers; and are installed on 13, so there are three trials underway. So we continue to make good progress there.”

What’s the progress on sales initiatives with L-3, SNC and the Dragon?

“So, as we stated before, L-3 and SNC, the relationship is excellent. We simply can’t comment on any details of those relationships or contracts with those partners. We sold a few of the Dragon’s, but we really need to evaluate that further.”

Can you comment on Ascend Aero’s activities?

“So, they have already brought us three qualified deals. We call it a qualified deal when the airline has a budget, and they have a problem that FLYHT can solve.”

Click below to listen to the conference call or click here.

CEMATRIX Corporation Reports Record Results for the Nine Months Ended September 30, 2015

Calgary, Alberta – November 5, 2015: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) announces the release of its consolidated financial results for the three months and nine months ended September 30, 2015.

Third Quarter Highlights

Contracted sales for work in 2015 are at an all-time yearly record level of $15.0 million and a further $1.2 million is contracted for 2016. Year to date sales and before tax income to the end of September 2015 of $9.076 million and $908,863, respectively, were at a record high for the Company.

Sales for the three months ended September 30, 2015, of $4.092 million, were up significantly compared to the same period in 2014. Most of this increase (90.4%) came from a large project in the Alberta oil and gas sector which will continue into 2016. Infrastructure sales also increased. The gross margin on sales was $1.721 million or 42.1%. The higher sales, improved gross margin and tight control of expenses resulted in reported income, before income tax provision, of $985,265 for the quarter.

Earnings before interest, income taxes, depreciation and amortization (“EBITDA”) for the three months ended September 30, 2015 increased to $1.219 million from a negative number of $364,999 in the same period of 2014.

The challenges for management through the remainder of 2015 include ensuring the completion of the work that is contracted; working with customers to manage project schedules for 2015; ensuring that there are trained operating staff and equipment to complete the 2015 projects; and to carefully manage working capital to fund operations through this significant growth period for the Company. The new dry mix unit, which went into service in October, will help to ease the equipment requirements.

Financial Results

Selected financial information for the three months and nine months ended September 30, 2015 and 2014 is as follows:

CVX_151105a

The outlook for 2015 remains positive. The Company has put in place $15.0 million of contracted work for completion in 2015. In addition, it has also placed numerous bids on other projects currently scheduled to be completed in 2015 and 2016, but is unable to ascertain at this time how many of these projects, if any, will result in additional contracted work for 2015.
“2015 is already a very good year for the Company and the fourth quarter could be our best quarter of the year” stated Jeff Kendrick, President and CEO of CEMATRIX. “Sales and profits are up and prospects for the future continue to grow.”
This press release should be read in conjunction with the Corporation’s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the three months and nine months ended September 30, 2015, both of which can be found on SEDAR.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution for various construction applications. Applications for cellular concrete include tunnel grouting; bridge abutment and retaining wall backfill; insulation of shallow utilities, roads and runways; insulation and/or structural foundations for tank bases and facilities; and as a floating base over weak and unstable or seismic prone soils, for roads and other types of infrastructure.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated August 5, 2015 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

FLYHT Reports Third Quarter Results Revenue of $2.52M – 39% increase from Q3 2014

Calgary, Alberta – November 3, 2015 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) a leading provider of real-time data communications technology for the aviation industry today reported financial results for its third quarter ended September 30, 2015.

“FLYHT’s third quarter revenue results were strong, the second highest on record and place us in a good financial position leading into the fourth quarter,” stated Tom Schmutz, chief executive officer of FLYHT. “On the sales front, we signed our largest customer to date, Avmax Group, Inc. for 146 aircraft. We also saw increased sales in China and in the sales of modems with related licence fees. As a recent addition to the FLYHT team, I am encouraged with this progress and the positive results for our shareholders.”

Third Quarter Results Include:

  • Revenue of $2,519,347 in the third quarter, a 39.3% increase from Q3 2014.
  • Net loss for the quarter at $683,224, compared to a loss of $1,653,147 in the same period last year.
  • Modified Working Capital at the end of Q3 2015 of $1,077,505 compared to $5,283,775 at December 31, 2014, although only $4,261 less than the end of Q2 2015.
  • Customer deposits of $524,325, a 51.0% decrease over the third quarter of 2014; payments received of $824,409, were 82.2% higher than the same quarter of 2014.
  • Unearned revenue increased to $1,922,505 or 51.1% higher than the third quarter of 2014; revenue recognized on AFIRS units shipped was higher than in Q2 although lower than Q3 2014 and the value of customer deposits moved to unearned revenue was $1,164,416 or 87.8% higher than in Q2 of 2014, or $878,182 more than in Q2 of 2015.
  • Recurring revenue (voice and data services) of $1,100,238 showed an increase of 18.7% over the third quarter of 2014, and parts sales of $682,476 was an increase of 360.5% from the third quarter of 2014 or $397,017 (139.1%) increase on the second quarter 2015.
  • Administration expenses decreased to $607,755 or 38.3% versus the third quarter of 2014.
  • R&D expense decreased to $638,104 in 2015 from $848,119 in the third quarter 2014.
  • Distribution expense increased $336,035 due to additional resources and activities focused on sales, marketing and customer deliverables.
  • In the third quarter of 2015 FLYHT signed one contract and extended another for a combined 169 aircraft worldwide. All were for the AFIRS 228.
  • On July 29, 2015 FLYHT entered into an agreement pursuant to which the Company would offer for sale on a private placement basis up to 30 million units at a price of $0.17 USD ($0.22 CAD) per unit for gross proceeds of up to $5.1 million USD. Each unit to consist of one common share and one-half of one common share purchase. Subsequent to quarter end the placement was withdrawn by the Company as market conditions were not conducive to closing this U.S. based offering.
  • In July, FLYHT welcomed Mr. David Perez as Vice President, Sales and Marketing. Mr. Perez has over 25-years of experience in the aviation industry.
  • In August, FLYHT was selected by Alberta Venture Magazine in a list of 20 most innovative companies.
  • In October, subsequent to the end of the third quarter, FLYHT announced appointment of Mr. Thomas R. Schmutz as new CEO of the Company. In a career of more than 30 years, Mr. Schmutz gained extensive experience in senior leadership roles in the aerospace and telecommunications industries and the military.

For detailed information FLYHT’s 2015 Third Quarter Report containing the CEO’s Message, Management Discussion and Analysis and Financial Statements has been posted to the Company’s website and can be accessed at http://www.flyht.com/investors/financial-reports-results-centre/. The MD&A and Financial Statements have also been sent to SEDAR and will be accessible at www.sedar.com.

FLYHT will host a live conference call to discuss third quarter results on Wednesday, November 4, 2015 at 9 am MDT (11 am EDT, 8 am PDT).

To access the conference call by phone within Canada and the U.S.A., the toll-free number is 1-800-319-4610.  Outside Canada and the U.S.A., dial 1-604-638-5340.  (Callers should dial in five to 10 minutes prior to the scheduled start time).

Management will accept questions by telephone and e-mail.  Individuals wishing to ask a question during the call can do so by pressing *1. Questions can also be forwarded in advance or during the conference call to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website http://flyht.com/investors/videos/ as soon as it is available.

About FLYHT Aerospace Solutions Ltd.
FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.

Nola Heale, CA
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Kin Communications Inc.
Caleb Jeffries
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.