Datametrex AI Ltd V.DM

Datametrex Completed 62,000 COVID-19 Tests in Q2

[WalkingDead01]

2021-07-08 08:26 ET - News Release

 

Toronto, Ontario--(Newsfile Corp. - July 8, 2021) -  Datametrex AI Limited (the "Company" or "Datametrex") (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) is pleased to announce that the Company conducted approximately 62,000 COVID-19 tests for the Film and Production industry in Toronto, Vancouver, and Montreal, and sold over 50,000 1 Copy PCR test kits during the second quarter.

"The company is pleased with the testing and sales volume in the COVID-19 business. With the new highly contagious Delta variant spreading around the world, management feels that continued testing will be essential for the immediate future as part of the answer to keep people secure and healthy," said Marshall Gunter, Chief Executive Officer of the Company.

The Company continues to have success with the 1copy™ COVID-19 qPCR Multi Kit, ("1drop"). The manufacturer, 1drop Inc., has confirmed that the 1drop can identify the new variants of the coronavirus that causes COVID-19, now circulating worldwide which is vital to stemming the many variants including the Delta variant that are spreading locally in Canada.

[swyint123888]

Q2 revs will be down a little but still good money, we have 500,000 from AI for the quarter as well, should be a solid 15 million, is it Aug 30 yet

[swyint123888]

Well maybe not 15 million in revs as it looks like test sold dropped by almost 1/3 however this doesn't count one drop sales. They sold over 90,000 tests in Q1 according to one of their NR. Maybe the market picked up on this, Q2 revs may come in at around 13 million if you go strictly by kits sold.....awesome money no question but a negative growth rate Q on Q for sure Toronto, Ontario

[Leonovus2017]

Good quarter, but again not what Marshall was indicating for a stellar quarter with more tests completed compared to Q1. Too bad the expectation turned out similar to Q1. Decent result though...