Post by
tankumo on Oct 05, 2023 8:33pm
covid
Covid is coming back big time, I hope DM will get new test kit contracts!!!! https://theprovince.com/news/local-news/covid-19-bc-hospitalizations-up-infections-deaths-spike/wcm/279625ce-8640-4948-a2ae-b4e06d10a18b
Comment by
scottrose on Oct 06, 2023 8:01am
Returning to COVID is not the way forward. The company should keep its main focus on AI, which has a more long-term perspective. Analytics is a scalable platform, Nexa can still secure those contracts, and EV can continue to generate marginal revenues. Reverting to COVID kits should not be the path forward; instead, they just need to replicate the success of the kits with AI.
Comment by
MarketMaestro on Oct 06, 2023 9:04am
I agree, such a scenario would certainly solve their cashflow issues and give help fund their other activities.
Comment by
scottrose on Oct 06, 2023 9:57am
The medical division is in the process of being spun out, with the major reason being the desire to shift focus towards AI and EV. While they might consider returning to the COVID path, I believe that concentrating al their efforts on AI is the best way to maximize returns from this high-potential vertical.
Comment by
Aiking on Oct 06, 2023 11:24am
Exactly Scottrose, DM has the highest chance to to successful in Ai, if they focus on it. Also that's the technology investors like. It's Ai time on Wallstreet.
Comment by
Aiking on Oct 06, 2023 8:33am
COVID won't be the big thing this year, simply because the WHO says. There is no WHO alarming signal. WHO covid communication is appeasing. https://www.who.int/publications/m/item/covid-19-epidemiological-update---29-september-2023 All the numbers are decreasing and the WHO reports aren't published every week anymore, but only every four weeks. Ai is DM future! Stick to it!
Comment by
dirtydzn on Oct 06, 2023 8:50am
How much will that cost to start it back up? Considering we just spent a bunch closing it down as per MG and our terrible financials last quarter.