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Datametrex AI Ltd V.DM

Alternate Symbol(s):  DTMXF

Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, healthcare, and mobile gaming. It is focused on collecting, analyzing and presenting structured and unstructured data using machine learning and artificial intelligence. The Company's products include AnalyticsGPT, Cyber Security, and Healthcare. AnalyticsGPT platform scans vast data streams from social media, news, blogs, forums, messengers, enterprise data, and the dark Web, creating predictive analytics. Cyber Security is a deep analytics platform that captures, structures, and visualizes vast amounts of unstructured social media data, which is used as a discovery tool that allows organizations to make decisions. It offers Nexa Products, which consists of NexaSecurity and NexaSMART. Healthcare consists of Imagine Health Centres, a multidisciplinary healthcare facility, and Medi-Call, a telehealth platform. The Company also offers a mobile blockchain game, Cereal Crunch.


TSXV:DM - Post by User

Comment by Forge24on Aug 01, 2023 5:35pm
144 Views
Post# 35567744

RE:RE:RE:New contract

RE:RE:RE:New contract

On Q1 reports it was noted that 1.2 million was spent on share buyback program, and over 2 million was spent on share buyback in 2022. From my understanding the buyback has completed as of Q1, so cash burn for Q2 and going forward will be significantly less. Cash burn was also higher in previous quarters due to groundwork and initial costs of establishing and building foundations for multiple verticals which are now beginning to produce revenue. Let's say they burn a mill a quarter going forward, so that would be 4mill end q2, 3mill end of q3, 2 mill by year end. (Assuming ZERO revenue which is ridiculous and will not be the case especially with AnalyticsGPT launch before end of q3, and knowns such as Imagine Health Clinics). We also know the gov money from last phase completed will be coming at some point, as per the update today, as well as gov money for the phase they are NOW working on will be coming down the pipeline. If DMs was really worried about their cash future they would be holding onto health division a little longer instead of spinning out soon, although that's arguable as that could also provide an opportunity for more cash raised via the spinoff. 

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