Last C$0.18 CAD
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Volume 900.0
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cymat technologies ltd (CYM) Snapshot

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52 Week High
06/18/14 - C$0.35
52 Week Low
05/2/14 - C$0.10
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cymat technologies ltd (CYM) Details

Cymat Technologies Ltd. operates as a materials technology company. It holds rights to manufacture and license stabilized aluminum foam products worldwide. The company’s products include sheet and the 3D casting products. It primarily serves automotive, architectural, blast mitigation, and industrial markets. The company is based in Mississauga, Canada.

cymat technologies ltd (CYM) Top Compensated Officers

Executive Chairman
Total Annual Compensation: C$120.0K
Chief Financial Officer
Total Annual Compensation: C$134.6K
Vice President of Operations
Total Annual Compensation: C$140.0K
Compensation as of Fiscal Year 2013.

cymat technologies ltd (CYM) Key Developments

Cymat Technologies Ltd. Announces Earnings Results for the Fourth Quarter and the Year Ended April 30, 2014

Cymat Technologies Ltd. announced earnings results for the fourth quarter and the year ended April 30, 2014. Revenue for the quarter ended April 30, 2014 was approximately $214,000, compared to revenue for the quarter ended April 30, 2013, of $132,000. Increased Alusion(TM) sales from North America and Europe accounted for the quarter-over-quarter increase. A net loss of $857,000 was recorded for the fourth quarter of fiscal 2014. Excluding the above-described non-cash royalty accrual, the fourth quarter experienced a $376,000 loss. Excluding the gain on settlement of debt, the fourth quarter of fiscal 2013 experienced a net loss of $416,000. Revenue for fiscal 2014 was approximately $789,000 compared to revenue for fiscal 2013, of $926,000. The year-over-year decrease in revenue was the largely the result of a decline in the Alusion(TM) revenue European transactional sales reflecting the economic woes experienced in the European Union. A net loss of $1,824,000 was recorded for fiscal 2014. Excluding the non-cash royalty accrual, the year experienced a loss of $1,343,000. A net income of $443,000 was recorded for fiscal 2013; excluding the gain on settlement of debt and non-cash interest, a loss of $1,381,000 was experienced in fiscal 2013.

Cymat Technologies Ltd. Auditor Raises 'Going Concern' Doubt

Cymat Technologies Ltd. filed its Annual on Aug 28, 2014 for the period ending Apr 30, 2014. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Cymat Technologies Ltd., Annual General Meeting, Dec 19, 2013

Cymat Technologies Ltd., Annual General Meeting, Dec 19, 2013., at 16:00 Eastern Standard Time. Location: Fraser Mackenzie Merchant Capital. Agenda: To receive the audited financial statements of the company for the fiscal year ended April 30, 2013, together with the auditor’s report thereon; to elect the directors of the company; to appoint Grant Thornton LLP as auditors of the company and to authorize the directors to fix the remuneration to be paid to the auditors; to consider and, if deemed appropriate, pass, with or without variation, amendments to the company's stock option plan; to consider and, if deemed appropriate, to pass with or without amendment, a special resolution authorizing the company to amend its Articles, as may be required, to effect a share consolidation of the company's issued and outstanding common shares on the basis of up to one new common share for every ten existing common shares or such lesser whole number of pre- consolidation shares as the directors may determine; and to transact such other business as may properly come before the meeting or any adjournment thereof.


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