GalAnonymous wrote: https://themarketherald.ca/top-5-stories-of-the-week-datametrex-tsxvdm-therma-bright-tsxvthrm-northstar-csensg-tocvan-ventures-csetoc-and-xebec-tsxxbc-2021-05-07/
I hope the link above works but the market herald can be weird so just in case I copied/pasted the fragment re. DM. Always nice to be featured!
This week's TMH trending stories featured companies in the healthcare, mining, and renewable energy sectors, including:
- Datametrex AI Limited (TSXV:DM);
- Therma Bright (TSXV:THRM);
- Northstar Gold Corp. (CSE:NSG);
- Tocvan Ventures (CSE:TOC); and
- Xebec Adsorption (TSX:XBC)
Here is a closer look at what our investor audience was reading.
Datametrex AI (TSXV:DM) reports over $12.3M in revenue in 2020 up 264 per cent from 2019
On Monday (May 3), Datametrex announced its consolidated financial statements and analysis for the 2020 fiscal year.
The company reported record revenue of over C$12 million, up 264 per cent year-over-year, and ended the year with a cash balance of nearly $2 million compared to a cash balance of $119,675 in 2019.
"The company has made significant progress in strengthening its balance sheet and positioning Datametrex for incredible market growth anticipated by shifting health policy and regulation," Marshall Gunter, CEO of Datametrex, commented in a release from the company.
Despite a significant market slowdown due to the pandemic, Datametrex continued to improve its core business revenue in 2020, focusing its resources on expanding and improving its AI business.
Shares of Datametrex fell 2.08 per cent over the course of the week to $0.235 per share as of 1:24 pm ET on Friday (May 7).