RE:RE:Update on Nexalogy SMART IDEaS $40M contract progress This news release just continues to confirm the information that I have been providing over the last several months. As a counter to Swyint's view that their AI division was not performing well I had mentioned that their AI contract cycles can be long and unpredictable so you cannot judge DM's AI by looking at the quarter financials. Again this information was provided from Marshall. The money for this contract will likely be seen on the Q2 financials 2023, unless the government pays them early before the date specified in the news release. AI contracts can come at anytime and in any amounts. DM still has over $12 million in contracts dating back to December 31, 2021 that are still unrealized. And with the Smart Factory AI added in, I think DM's AI division is doing just fine as we will see with future contracts.
MUTDMUTD wrote: ... additionally, Marshall said in the last Discord that he was hoping to talk about the work DM is doing for this contract in a few months.. Marshall has to wait for the okay to share by CanGov...
Resilience19 wrote:
As indicated in the NR, DM can't release much i fo on this, given that its a defence contact, but we now know milestone 2 is expected to be completed by end-March 2023. I was hoping we'd know more by end-Sept '22 but, at least, we're now fixed on a timeline. As such, it now looks like subject revenues will only be reported in Q1 23 but, if so, I'd expect these to be in an $8-10M bracket.