Datametrex AI Ltd V.DM

Very happy with Q1s! Only caveat are AI revenues

[Resilience19]

More than happy with revenues, EBITDA+ and cash position.

At this time my only concern are AI revenues that have decreased Q12021 vs Q12020:

All figures are in Canadian dollars unless otherwise noted:

	Q1 2021	Q1 2020	% Change
Total revenues	$19,045,888	$809,402	2,253%
COVID-19 Test kits revenue	$18,561,296	$0	100%
AI and Technology and Other revenue	$484,592	$809,402	-40%
Income/Loss before income taxes	$10,482,954	(737,968)	1,521%
Net Income/Loss	$9,560,351	(721,761)	1,425%
Income per share - basic	$0.03	(0.003)	1,100%
EBITDA	$10,684,254	($737,698)	1,548%

Given Marshalls confidence that Q2 2021 will generate strong AI revenues, I'm hopeful these will be stronger than Q2 2020. This said, weve been seeing COVID-19 testing decreasing M-o-M (according to SCRN NRs), so I think we can expect reduced revenues 2021 Q2 vs Q1, although these should still be very significant (perhaps $15M$) and continue to strengthen cash on hand and EBITDA+ position.  We simply need to score a strong AI contract (i.e. a decent portion of the MDA-DM JV) and we'll be able to continue the year with confidence.

My two cents!

[UprootedData975]

Agreed with the AI question/concern Though I don't think we can evaluate DM based strictly on SCRN -- Marshall mentioned testing was only increasing in Q2 SCRN posted numbers this morning: The Company recorded Q1 2021 revenue of $6,880,325. Well below DM's revenue, so DM's kit sales' reach is far beyond SCRN.  Long and strong DM!!