Cash and marketable securities
So, when in January DM published a NR highlighting it had $29M in cash and marketable securities, I gather $15M was in cash and $5M in marketable securities (including SCRN and GBLC whose mc, today, is mostly irrelevant). I have to share the feeling of some who find these underwhelming...against expectations - which may have been too high. I was expecting the cash position to increase, by end Q1, but given the burn-rate, it looks like cash is likely to be more around $10M after Q1. Hence, AI revs will be needing to gain momentum to start compensating for decreasing covid revs. The $40M contract is , likely, to contribute the most to this but will, likely, need a few quarters to show real traction. The odd ball, right now, is the ongoing Ukraine conflict which could bring in unexpected surprises but we'll have to take it in strides. https://themarketherald.ca/datametrex-reports-20m-in-cash-on-the-balance-sheet-from-operation-2022-01-18/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab