Datametrex AI Ltd V.DM

Financial Situation

[swyint123888]

For the real investors that actually care and not just point out the obvious blue sky best case everyday all day......for over 3 years now.

First 6 months are fact the next 6 months is a projection
All numbers are rounded off.

Start 2023 with 8 million in cash as of end of June 3.5 million = 750,000 / Month Burn
First 6 months of the year revs Q1 = 3.8 ( last 3 full months of covid) Q2 = 1.1 for 4.9 total revs
Expenses reported on Sedar Q1 = 3.4 and Q2 = 3.7 = 7.1 million total
2.2 million negative revs to expenses.

Projections

Expenses to end of year approx 7 million lets say, 4.2 million in cash with the 700,000 to start the second half
Assuming the burn rate is similar the cash will be gone.

They need to increase revs substantially or cut costs drastically by what I see or we just scratch along until the next influx of money comes....from where it comes has options of course

Q3 at the end of November will tell us loads about how financially stable we are.

We are 6 cents for a reason folks....we need the new cash cow....it's called AGPT....stay tuned.

[rollthedice10]

Blue sky? Oh. You mean optimism. Well, rear view mirror projections are not what a serious investor would rely on. Partly, just to lay down a base for future speculation I guess, but I would be hesitant extrapolating future data based on past data. DM is all about growth and entering new markets with new products. My feeling is that the best is yet to come, big time. Do we need cash right now? Who

[inviolablspirit]

Some of what you call burn rate I call investment in the company.  Keep in mind that some of those expenses are share buybacks and some of it has gone towards company expansion and future advertisement.  Much of the covid money the company has spent has been used for investing in the future of the company so that they can jump ahead of the competition. So I see no issues with that, if it