Datametrex AI Ltd V.DM

Lucira filing for bankruptcy :(

[jsim082]

With Lucira's huge revenues, I thought they would chart a nice future course but unfortunately the news broke this morning that they are filing for bankruptcy. It's good that DM tried, and its too bad that regulatory approvals got in the way of Lucira succeeding here. 

Don't think it will have a huge impact on Imagine/Medi-call's future, but not the best news anyway.

Looking forward hugely to Monday. See you all at the webinar!

[MUTDMUTD]

...maybe DM can now buy them and/or their tech for pennies on the dollar... setback or opportunity... depends on the perspective... ...ALL IMO...DYODD...

[MUTDMUTD]

...also Lucira was serving some rather BIG NAME clients, as I understand... I wonder if DM can slide in there and pick up the business?...

[MUTDMUTD]

...from the NR: "Lucira's diagnostic testing has been chosen by some of the most notable organizations in Canada such as Netflix, Air Canada, Amazon, and Sony Pictures. (Source: https://www.lucirahealth.com/). This gives Medi-Call the opportunity to expand its services to a broader range of new potential clients." https://money.tmx.com/en/quote/DM/news/8107220107945096

[Pandora]

https://stockhouse.com/news/press-releases/2023/02/22/lucira-health-to-pursue-strategic-sale-of-its-business-through-voluntary-chapter

[jsim082]

Without debating the merits of DM buying that technology, I love your way to see the opportunities on what would by default seem negative. Appreciate your energy and enthusiasm - keep it up for all of us.

[MUTDMUTD]

... perseverance and persistence...  ; )...

[IOOTAIR]

Damn , hope they managed to give Medi-Call some subscribers before they realize they were broke

[Resilience19]

My thoughts:   1. Lucira has a mc of USD 7 M (approx. CAD 9.5M) - while its financials are bleak, something DM may be able to do is absorb with a mix of debt, cash-on-hand etc, through a penny-on-the-dollar deal - without absorbing its liabilities;   2. Lucira trades on Nasdaq under NDAQ:LHDX, which may provide DM with an expedited access to NASDAQ

[Resilience19]

...not to mention such an arrangement may be beneficial to SMART Factory's broader US launch, providing a foothold to integrate DM EVS in some US markets, not to mention - as some already alluded to - tapping into Lucira's current customer base to push AnalyticsGPT adoption.