CALGARY, ALBERTA--(Marketwired - March 3, 2016) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or the "Company" or "CEMATRIX") announces the release of its consolidated financial results for the year ended December 31, 2015.

2015 sales of $15,379,787 increased by $6,667,594 or 76.5%, operating income increased to $2,435,428 from an operating loss of $53,212 in 2014, an improvement of $2,488,640 and EBITDA (earnings before interest, taxes, depreciation and non-cash stock based compensation) increased to $2,853,108 or $0.08 per share. The gross margin percentage for the year was on target at 32%, as compared to 21.7% for the previous year. As expected, the overall margin percentage continues to increase as the fixed costs of operations are spread over greater number of cubic metres of cellular concrete produced and place.

Sales for the three months ended December 31, 2015 continued to be strong. Sales of $6,304,032 increased by $1,890,685, or 42.8% compared to the same period in 2014 and operating income of $1,110,096 increased by $164,117 or 17.3%. The gross margin percentage of 31.6% was down slightly from 32.5% in the same period in 2014.

In February 2016, the Company's wholly owned subsidiary CEMATRIX (Canada) Inc. entered into an agreement with the Canadian Western Bank for a $2,000,000 demand operating loan. The proceeds from this loan will be used to repay a 16.5% mezzanine loan and to finance day-to day operations.

The Company now has $5.8 million of sales contracts in place for projects currently scheduled for 2016. In addition, the Company has been approached to provide design assistance, or quotes, or both, for numerous other projects currently scheduled to be completed in 2016 and beyond.

Selected financial information for the three months and year ended December 31, 2015 is as follows:

Three Months ended December 31 Year ended December 31
2015 2014 Change 2015 2014 Change
Revenue $ 6,304,032 $ 4,413,347 $ 1,890,685 $ 15,379,787 $ 8,712,193 $ 6,667,594
Gross margin 1,992,691 1,435,150 557,541 4,927,418 1,888,641 3,038,777
Operating expenses (882,595 ) (489,171 ) (393,424 ) (2,491,990 ) (1,941,853 ) (550,137 )
Operating income (loss) 1,110,096 945,979 164,117 2,435,428 (53,212 ) 2,488,640
Non-cash stock based compensation

Finance costs and other items (128,391 ) (90,159 ) (38,232 ) (354,200 ) (219,844 ) (134,356 )
Income (loss) before income taxes 948,316 660,994 287,322 1,857,179 (597,646 ) 2,454,825
Provision of deferred taxes (55,859 ) (208,041 ) 152,182 (267,512 ) 26,858 (294,370 )
Income (loss) attributable to common shareholders





Unrealized foreign exchange gain (loss) on translation of foreign subsidiary 13,024 7,122 5,902 (23,272 ) (15,021 ) (8,251 )
Comprehensive income (loss) $ 905,481 $ 460,075 $ 445,406 $ 1,566,395 $ (585,809 ) $ 2,152,204
Income (loss) per common share (fully diluted)











Highlights for 2015 included the following:

  • The Company had a record sales of $15,379,787 and generated record levels of income to common shareholders of $1,589,667 and EBITDA of $2,853,108.

  • The Company's stock price closed the year at $0.30, up from $0.21 at the close of 2014, an increase of

  • A new dry mix production unit went into service in late 2015 adding to the Company's production capacity.

  • The Company`s wholly owned subsidiary, CEMATRIX (Canada) Inc., entered into an agreement that provided up to $2,000,000 of working capital financing.

  • The Company opened an operating facility in Ontario to support its growth in the Eastern Canada market.

  • Late in 2015 the Company signed its first contract for work in Quebec. This project is currently scheduled for completion in 2016.

  • The Company continued its focus on health and safety, by ensuring a safe work place and maintaining all of its safety certifications and registrations. 2015 was another injury free year with no lost time medical incidents.

This press release should be read in conjunction with the Corporations Audited Consolidated Financial Statements and Management Discussion and Analysis for the year ended December 31, 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 as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.

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.

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 March 2, 2016 under CEMATRIX's profile on SEDAR at and other reports filed by CEMATRIX with Canadian securities regulators.

Contact Information:

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

Jeff Walker, the Howard Group
Investor Relations
(888) 221-0915 or (403) 221-0915