RE:Why so low? 6 months June 30 do not meet expectationsLet's be more accurate in your post, you mean to say the financials didn't meet YOUR expectatons.
How high are your expectations? And to comment that the results for Q2 are poor, what are you comparing these results to? Or what company are you comparing them to?
Not sure what you're expecting from a junior company that was in debt last year, but this company did extremely well financially for Q2, 2021.
Last year (2020)
3 months ended June 30, 2020 the company had revenues of $1 954 394 and their 6 month total for June 30, 2020 was $2 763 796.
This year (2021)
3 months ended June 30, 2021 the company had revenues of $10 448 303 and their 6 month total for June 30, 2020 was $29 494 191.
That's a 5.4x increase in revenues for Q2 year over year and a 10.7x increase for a 6 month total year over year. Wow!
Gross Profit
Gross profit for 3 months 2020 Q2 was $781 840 compared to 2021 Q2 $5 358 306. 6.9x increase
Gross profit for 6 months 2020 was $1 184 007 compared to 2021 Q2 $16 287 346. 13.8x increase
Cash and Cash Equivalents Ending Six Months
$577,998 for 2020
$10 555 375 for 2021 That's an 18.3x increase
Find me a CEO of any company that wouldn't be thrilled with increases like that year over year. Clearly it's not hard to find shareholders who find these numbers disappointing. I'm very confused as to why. Those are massive increases for a company that was in debt just one year ago.
Some of you shareholders are clearly unhappy with the progress of this company and you state that this was a poor quarter. Again, compared to what? Last years results? Another company's results? Or do you consider it a poor quarter because your feelings were hurt when the CEO said some things that did not meet your expectations. Oops, as it turns out film and TV productions slow down during Q2 and so did the testing. Last time I checked MG was running this company, not a film and television production company. Now that he is aware of the seasonal cycle of film and TV productions he can choose his words more carefully I guess for Q2 2022.
Clearly and objectively the second quarter was outstanding compared to last year. The numbers are there to back it. Now if you were to compare Q2 to last quarter then absolutely you can say quarter over quarter the numbers were lower, I certainly weren't say they were poor, just lower than Q1. Keep in mind that Q1 was a very outstanding quarter and a very unexpected first quarter result in which no shareholder was expecting.
I would certainly consider selling your shares and look for a company with larger year over year increases and look for a management team that has NEVER miscalculated or misinformed some aspect of their business to their shareholders. While you're at it also find a CEO that has complete control over outside influences. This way you won't be disappointed when deals don't close in the timely manner that you expect. When you find other juniors with year over year increases larger than DM, and whose share price is currently sitting at a share price similar to what it was last year at this time, please let me know! I will be very happy to invest in it.