Datametrex AI Ltd V.DM

Update on Nexalogy SMART IDEaS $40M contract progress

[Resilience19]

As indicated in the NR, DM can't release much i fo on this, given that its a defence contact, but we now know milestone 2 is expected to be completed by end-March 2023. I was hoping we'd know more by end-Sept '22 but, at least, we're now fixed on a timeline. As such, it now looks like subject revenues will only be reported in Q1 23 but, if so, I'd expect these to be in an $8-10M bracket.

[Rabiger1289]

Not enough to move the stock, old news, markets are forward looking!

[Thecook100]

Good news indeed. The stock should lose a half penny today :(..... We need buyers but highly unlikely until we move off of this exchange. Gl all

[MUTDMUTD]

... additionally, Marshall said in the last Discord that he was hoping to talk about the work DM is doing for this contract in a few months.. Marshall has to wait for the okay to share by CanGov...

[Investor10X]

This news release just continues to confirm the information that I have been providing over the last several months.  As a counter to Swyint's view that their AI division was not performing well I had mentioned that their AI contract cycles can be long and unpredictable so you cannot judge DM's AI by looking at the quarter financials.  Again this information was provided from

[mutjwo]

DM has been releasing crazy news this week, i love it

[Loonie19]

great moves today. I like it

[Resilience19]

The reason why I'd expect income to be generated in Q1 '23 is based on GoC's FY, which covers 01 Apr - 31 Mar. As such, it's common for GoC to try and clear out expenses associated with the given FY during that period (especially if budget lines already included these), instead of in the subsequent FY.