Datametrex AI Ltd V.DM

Rule Of Three (math)...

[wildbird1]

While we wait , just for the fun of speculating let's try to find out what the Q2 revenue could look like.

-At the 14;00 time...M Gunter said " We have over $13 million in cash & cash equivalent sitting in the Bank ".
-I am very surprise that M.Gunter gave us the Q2 Cash Balance before Q2 financial (End August 2021).

Now that we have the cash balance for Q2,2021 let's use this $13 million to find out what Q2,2021 revenue could look like.

First the numbers...
- 2020 year end cash balance= $2 million.
-Q1,2021 cash balance increase ($4.6million - $2 million) = $2.6 million.
-Q2,2021 cash balance increase ($13 million - $4.6 million(Q1)) = $8.4 million.
-Q1,2021 revenue = $19 million.
-Q2 revenue = X(unknow).

If we use the "Rule of Three" ( the "Rule of Three" is a method of having three number to help calculate the unknow X (X=revenue).

The three numbers that we have are...(2021).
-Q1 Revenue = $19 million.
-Q1 Cash balance increase = $2.6 million.
-Q2 cash balance increase = $8.4 million.

The Rule of Three...

         X (Q2 revenue) = $19 million X $8.4 million = $61 million
                                                 $2.6 million

X (Q2 revenue) = approximately $61 million.

[TorlifTostorson]

@wildbird: I think I remember you're a professional accountant!? Anyway, I like your calculations as these make me dream of the holy dollarland again :) Best Torlif  

[MomenTom]

This would be the dream, but I wouldn't get my expectations to high. They had 9.3 millions in receivables in March and the cash increase might have come in part from there. My guess woulld be that the revenues increased maybe 10-20%, but certainly not threefold.    I would be ecstatic if you were right though!

[Leonovus2017]

My guess will be are 28 million max. Based on the recent quarterly statement I am not sure if that will excite the shareholders unless they report some major contracts soon. It is an exciting time for the company hopefully for us as well soon

[swyint123888]

Here are some facts thay may assist you in your calculations....from an April news release ScreenPro Completes over 24,000 COVID-19 Tests and Added 3 New Productions in April   Toronto, Ontario--(Newsfile Corp. - May 19, 2021) - ScreenPro Security Inc. (CSE: SCRN) ("ScreenPro" or the "Company

[swyint123888]

re did that, hope it's laid out better   Here are some facts thay may assist you in your calculations....from an April news release ScreenPro Completes over 24,000 COVID-19 Tests and Added 3 New Productions in April   Toronto, Ontario--(Newsfile Corp. - May 19, 2021) - ScreenPro Security Inc. (CSE: SCRN) ("ScreenPro" or the "Company") is pleased to

[wildbird1]

You are correct about ScreenPro, except that Datametrex do not rely only on ScreenPro. Datametrex has a new test that look very promising, this test was approved on March 23,2021, it is a point of care rapid tests (10 minute results, 94% accuracy) that can be process  by a company own nurse. In the Deep Dive video (April,6, 2021) M.Gunter said "We have already brought in several

[swyint123888]

This sounds like a material news release would be required when these PO'S get cut, would you agree to that.....if it's a significant dollar amount anyways......sure wish he gave us news on the sales

[tonyxdsun]

It sounds like Q2 is going to be higher than Q1 for sure, but no, not 61 million, although I'm glad to see we have Q2 number same as our market cap.

[tankumo]

I am going to buy more shares!!!!