Why so low? 6 months June 30 do not meet expectations Individuals on board did not comment or refuse to accept figures reported for six months ended june 30 which are not which was expected from weekly podcast and expected. Below are the actual results compared to Q1 and reported by DM.
3 month March 31 6 months ended June 30
Revenue 19.04 29,49
net earnings 9,56 million 10.41 million
EBIDA 10.68 12.25
Cash 4.61 10.55
My comments re above and I welcome other comments on poor 2nd quarter. On previous podcast believe Marshall mentioned we had 13 million before june 30. What happened?
Based upon the above results it appears with 355 million shares o/s cash represents .03 approx.
With other assets may be.05 cents out of.18. CENTS.
Is DM undervalued at.18 by market.?
With market cap of 63.92 million and book value of 17 million ( cash 10.5 and other assets 6.5) we have excess value of future deals priced in at 48 million. In order to maintain .18 we may need future revenue substantial. 40 million dollar contract mentioned may be needed to support current selling price. What is also important to note that contract of 40million if won is the revenue reported but this is not net profit. Neve mind 40million , what is amount of earnings to be earned . It is not REVENUE.
WHY SO LOW?
I WOULD LIKE COMMENTS TO RESULTS ABOVE THAT DID NOT APPEAR WHAT WAS EXPECTED. VERY POOR QUARTER. MAYBE MARKET EXPECTED BETTER AS WELL AS BOARD MEMBERS.
i WELCOME COMMENTS