To me this update reads much like they have for the last few...

To me this update reads much like they have for the last few years. We have signed a few small contracts that will keep us in work for the next 12 months. Gosh look over there -> a massive pipeline of quote work coming to us any decade now. See how much demand is likely to grow really soon. Jee, our factory is really flat out now that we are only running it at 66% of design capacity.

That last one is the real problem. If Matrix were actually able to sell enough product to run the new production facility at Henderson as intended (ie 24/7), it would actually make a decent return on investment.

Maybe one day.

A pay cut at the highest management levels wouldn't do any harm either.