CEMATRIX Corporation (CEMX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

We're going to get into it very quickly here. With us today, Randy Bumauer, who's the CEO of Sumatrix, and Marie-José Quintin, who is the chief financial officer, and potentially Jordan Wolf, president of MOS, or Mixed Onsite out of Chicago, might be joining us later in case there's any questions about about what's happening in and around Chicago. So with that, Randy and MJ, I'm going to turn it over to you. Thank you. Great. Thank you very much, Grant. Really appreciate that introduction. Welcome everyone to our Q1 earnings call. I appreciate everybody attending. We're going to first kind of do a quick overview of Symmetrix and the company, just in case we've got some new New investors and new potential shareholders on the call. For many of you, this will be a repeat, so I'll do a pretty quick and then I'll hand it over to MJ who will go through our Q1 financials. Key investor highlights. This is really sort of an executive summary. Smatrix is an innovative cellular concrete solutions company. We're a leading provider of lightweight, cost-effective, durable cellular concrete for infrastructure projects. We have a strong competitive advantage and we work primarily as a subcontractor for major North American general contractors. Financial strength and overall growth trend is an important part of our story. Our 2024 revenue was $35 million with a positive adjusted EBITDA of $3.3 million. We had cash flow from operations of almost $5 million. At the end of the first quarter, we had $8.5 million in cash and no long-term debt. We did have some equipment financing that is in the long-term section. And we're forecasting a record year in 2025. That won't show up as every quarter is better than the quarter last year or better than the the record year in 2023. In construction,...