11/9/2023

speaker
Grant
Conference Call Moderator

Well, good morning or afternoon, everyone, depending on where you are. And thank you very much for attending. We're still admitting people in the room here. Gentlemen, a heck of a quarter, record all the way around. The most welcome in this particular junior market environment. I'm going to turn it over immediately to Jeff Kendrick, President and CEO of The Matrix and Ranjumar. the CFO. So with that, Jeff, I'm sure you have some thoughts and remarks and definitely a moment to celebrate.

speaker
Jeff Kendrick
President and CEO, The Matrix

Well, thank you, Grant. And, uh, Yes, Randy and I want to welcome all of you either as a good morning or good afternoon and thank you for attending our third quarter earnings webcast presentation. Of course, you all know it's been a record year and to date a record quarter. If we sound giddy, we are. We're excited about how things are going at Simatrix and we want to share that with you. I plan to start off the presentation and cover some topics I want to highlight for you. Then I'm going to pass it over to Randy, who's our CFO. But I also wanted to mention that he's also managing our Canadian operation as well. So he's really not only in tune with the financial side, but also the operations, particularly on the Canadian side, but also learning a lot about the U.S. operation as well. So let's get started. Table contents, we'll just go over that quickly. We're going to go over the third quarter highlights, record-breaking sales, of course, a strong fourth quarter expected as well. Talk about safety and equipment, and it's a priority for us. We'll update you on the backlog and the sales pipeline growth. Talk about the million-dollar projects that we introduced at the beginning of the year and where they stand and how that is going. talk about million-dollar project locations. We're also going to talk about 2024, how excited we are about that. And then we're going to pass it over to Randy, who will go over the quarterly and year-to-date financial statements in detail with you. Then at the end, of course, Grant will come back on and monitor the question session and look forward to answering any questions that you may have. So first, the third quarter highlights, record sales. Quarter and year to date, and of course, we're already over last year's annual sales, which was a record year as well. Margins continue to improve. They're not all the way up where they could be yet. Still some lingering effects of the supply issues from last year. Return to quarterly profitability, which is very exciting. No significant safety issues even in this time where we've been extremely busy. Balance of the year looks strong. We've landed $30.2 million of new contracts since the end of the last quarter. And of course, we continue with a strong backlog in pipeline. There's many other highlights, but those are some of the strong ones for the quarter.

speaker
Unnamed Analyst
Analyst/Conference Participant

Jeff, you're still on the French line.

Disclaimer

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