RE:Cash Balance +17,044 %... Great post @wildbird! Well appreciated!
GLTA
Torlif
wildbird1 wrote: Cash Balance is the amount of money on hand, you get that by taking the previous Cash Balance and adding this quarter Cash Flow to it (substracting if the Cash Flow is negative).
A big positive Cash Balance mean that Datametrex has Capital that is available to wheater future financial chalenges, and a big Cash Balance will greatly decrease the risk of failure of a companie.
In the last financial DM Q1 2021 Cash Balance has increased by 17,044 %($4.6 million) from Q1 2020 ($26,948).
From what M.Gunter said we can expect even better numbers for Q2&Q3 2021, as sale of test kits and AI deals are increasing.
Question???
Why is it that the SP is going down if the drastic increase in Cash Balance (17,044 %) indicate that the risk of failure for Datametrex has decreased?
1) The whole market is down not only Datametrex.
2) New investors do not fully understand that this 17,044 % increase in cash Balance was not a fluke , and will be repeated because DM has a niche that deal with traveling workers (Film Industries, Air Canada, Mining Companies...ect).
As long as there is Covid-19(and variants) anywere in the World(India ,Africa... ect) testing in DM niche will carry on.
The world has a long way to go before the majority of peoples are vaccinated(more testing for DM until normal traveling resume).
Yes the the market and SP are down..
Yes investors do think that this 14,044 % increase in Cash Balance was a fluke...
Yes the AI side of DM is down...
But Datametrex could have between $12 & $15 million in Cash Balance before year end.
Good luck finding a small cap company with a SP under $0.25 that has no debt and $15 million in Cash Balance ready to be reinvested in their AI core business, $15 million that could generate big AI revenues.
Money is power...time will tell.