Datametrex AI Ltd V.DM

2022 vs 2021- Loss With cash burn 7 million

[astutein]

Reported revenue by Dn Sales down from 49  to 30 million
 

Net Income down from 9 million to loss of  (17.2)
Per share  from.025 profit  to loss of (.04)

Positive Epidta from 13.2  million to negative  of (13.4)

CASH DOWN FROM 15 million to  8 million.

 

Reportedby DM today.   Comments

[Resilience19]

Astutein, as per my previous post and DM's NR, here's a bit of context, in blue: Reported revenue by Dn (sic) Sales down from 49  to 30 million. With C-19 income having covered a full 12 months in 2021, a better comparable to 2022 would be revenues of 2020. When comparing these, it's clear that DM is doing fine, given that 2022 revenues were $30.4M against 2020 revenues of

[astutein]

having 8 million cash  vs 15 is great. .    Are you serious.?   Cash burn of  7 million great?

[Resilience19]

Well, if the cash burn is for such things as NCIBs, partial M&A payment (part cash and shares), paying debt and or avoiding taking high interest debt etc, I'd say this is reasonable. DM is still in a growth pattern, so it's normal that it uses up its cash. Once verticals start generating continued income, these will help refill the til and perhaps, some day, generate a dividend...

[astutein]

Resillence19 Re Cash  burn 8  million cash is great????  You refer to paying debt. do you haveany idea of  DM'sdebt and current liabilities .  Net  cash working capital?  Suggest you get financial details before you you comment on cash burn and being great.  What is our current working capital ( cash plus accounts Receivable vs current liabilities

[inviolablspirit]

Having $8 million in the bank as opposed to zero is GREAT!  The company bought back shares and is expanding.  Did you think these things occur by spreading magical fairy dust?  You need to spend money to make money.  Luckily the people running this company have long term strategies as opposed to you who can't seem to see past the day your on.

[AmericanAkita]

POS is what I think...

[Bentley2000]

Obviosly you do not know how to read Financial reports...no negative here...by back shares to hopefully moving on up to the TSX shortly is not a loss....expanding on the Health side of the business not a detrement.....they were not Pi$$ing the money away!!!!!

[astutein]

Bentley-   How  much is debt of DM and current liabilities?  ?//   8 million to finance operations is  great??

[Bentley2000]

Moving on up cost money....well spent..not just throwing it out the window..like alot of other companies out there...or should I say...so called companies!!!!!

[astutein]

Glad DM not like so called companies  in your view. and smarter than others. Increase your holdings to reduce your loss.  Go to bank and support DM.

[Bentley2000]

astutein.....I can't increase my holdings to reduce my loss......my cost average for over 400K shares is.04....how's your cost average....oh and by the way....that's 400K shares at basically .0000 cost as I sold enough to cover my original cost.......that's the way you play the game........not get lost LOOOOOOSER!!!!