Datametrex AI Limited (DM:TSXV) (D4G:FSE) (DTMXF: OTC ) an AI and Machine learning company was well positioned with deep roots in South Korea to make the ultimate pivot to Covid-19 test kit distribution. When the Canadian Government came calling for assistance in importing and distributing COVID-19 test kits, Datametrex stepped up to the task thanks to its security clearances already in place in both countries.
Since then, the company has signed multiple multi-million dollar Covid-19 test kit supply agreements with mining companies, a $20M CAD agreement with the television and film industry and various educational institutions. This is in addition to lucrative AI contracts with various levels of government and enterprise level customers such as LOTTE Group, the fifth-largest conglomerate in Korea with annual revenues of approximately $60B USD.
As a result, Datametrex has had its' best year ever in the first 3 quarters of 2020 as follows:
- Record revenue of $7.6 million for the nine-month 2020 period compared to $2.6 in 2019
- Record revenue of $4.9 million was generated in Q3
- First ever positive EBIDTA quarter