Datametrex AI Ltd V.DM

How do you not make money

[swyint123888]

on 8.8 million in revs
DM is just a middle man when it comes to test kits or 80% of total revs....they get kits from Korea and sell them to SCRN....no overhead, no raw material costs or processing expenses it's all fixed costs

Are they losing money on kit sales....did rent go up, did wages rise, maybe hydro went through the roof......to lose 1 million on this kind of set up is concerning to say the least.....on the surface it has the appearance to stay competative in the kit sales arena they are doing it at a loss.....can someone explain to me how they could not make even 100 bucks on 8.8 million on extremely minimal overhead....never mind buring 5 million in cash in 2.5 months

Keep in mind they are not tied to commodity price increases by what I can tell

[Investor10X]

I think someone already beat me to it, but it can be likely that the company bought additional covid tests that they needed for testing and put the expanses for Q1 purchases in Q4.  The company was already going to have an oustanding financial result, so why not buy what was needed for the next quarter.  

[swyint123888]

a good a guess as any.......so Q1 will be loaded with net earnings......little over 3 weeks and we'll see how good your guess is

[swyint123888]

Current assets Cash and cash equivalents 15,400,166 1,971,987 Trade and loan receivables 5,664,154 1,667,241 Marketable securities (note 9) 2,585,222 - Prepaid expenses and other assets 125,670 234,338 Total current assets 23,775,212 3,873,566 It seems to me if you are right about buying kits ahead of time and that's the reason they lost money it would show somewhere in the above segment of

[astutein]

investor x  Your likely theory that company bought additional covid  tests for Q1 is not supported by market and your view that intrinsic value not viewed by market is not barred out. DM down to14.5cents  on nice volume.

[Investor10X]

Yeah, like the market actually reads what I write and makes their decisions based on that.  You really are an idiot.  And you have absolutely no clue what intrinsic value is.  You clearly could not answer my question when I asked you to clarify the metrics you were using to determine the intrinsic value of DM.  You did as expected, avoided the question. None of you bashers

[Rabiger1289]

Investor10x, stop acting like you know the markets like your some kind of shark, your probably 16-20 years old wet behind the ears, i read your posts and they don't make sense unless your a pumper.

[Investor10X]

My posts are backed up with numbers, using metrics that are used by institutions to value companies and make comparisons.  This requires math and clearly math is not your strong suit.  This would explain why they don't make sense to you and why you can't ever back up your responses with numbers.  Yes, I am an investor in this stock.  You clearly are not.

[Markhamjohn]

Is it possible this huge cash burn relates to launching Medi-Call? They have not given any info regarding that venture but if these millions are being spent there it would be nice to hear about projected resulting revenue and timing of same.

[swyint123888]

My thoughts for the draw down in cash by 5 million is what you say......so that would mean they spent 6 million on medi stuff 5 plus 1 million loss......he did say some updates on medi in the next couple weeks....be very hard to justify 6 million expenses though......it must be medi and AI expense related as the covid end of things is as minimal overhead that a company can have

[ibsn4512]

More than half the cash burn was taxes payable, and the rest spread between expenses & translations related to GBLC valuations.