Stephen Kammermayer, Veteran Diversified Industries Analyst at Clarus Securities, has released a BUY rating and a target price of $1.00  on CEMATRIX in his research report titled, “Solid Foundation for Growth in Place”.  The stock is trading at $0.35 as of this writing.

Mr. Kammermayer forecasts that 2024 revenues will reach $57.5 million and $66.1 million in 2025. Based on “a shift to larger projects, coupled with the fixed overhead already in place,” he’s looking for EBITDA to jump to $6.9 million this year (12.1% margin) and $11.7 million (17.7% margin) in 2025.

He also notes the following:

  • Strong Project Backlog – Bid pipeline of ~$400 million and backlog of $80.6 million

  • Cost & Time Savings – Cellular concrete offers both cost and time savings vs competitive products.

  • Customer Agnostic – CEMATRIX works as a subcontractor with both engineering and construction firms.

  • Opportunity To Ramp Up With Little Capex – Current large fleet able to generate $200 million USD of revenue.