Datametrex AI Ltd V.DM

Contract renewal for $850k

[Aiking]

It is a good sign that DM South Korea always gets its contracts extended. Obviously DM customers are satisfied. If DM would finally start selling its services aggressively, then the renewal of such one-year service contracts could be announced regularly. DM obviously doesn't need new products, it just needs more customers - in South Korea and Canada. So 3 sales people financed from the $1M and off to the phone. I want more orders like that! But, it's a good sign. DM is still alive!

[rollthedice10]

$850K is almost the amount they are seeking in a PP. In just 1 contract renewal. There is hope folks! I'd love to see them abandon the PP if possible, if cash is on the way why further dilute? There are creative ways to bridge cash shortfalls without resorting to PP's. Keep up the good work DM, once the momentum is started this can fly. And why change the name? I wouldn't.

[Forge24]

850K contract does not mean 850k profit, although it will be a decent amount of money towards what they wanted for the PP...but they need more  

[swyint123888]

With the let's say 5 million in health revs this year they need about 5 more of these kind of contracts to just keep the lights on.....10 more and maybe the market reflects its approval in a higher stock price....just under 2 million in AI contracts in the first 6 weeks of the year is a good start...better pace than what we have been seeing.....I may throw another 5 grand of gambling money at

[rollthedice10]

Yes, and I think much more is on the way. MG I think was more of a shoot for the jackpot where Park is more brick by brick, which is what we need. I am starting to feel more confident but realize the sales must continue to increase at a steady clip. GLTA

[samydude]

Quite true Forge24 DM needs more way more with a profit margin of 36%. An extension does not acctually ADD to the financial bottom line of DM unless there are numerous add-ons, only new customer business adds to profits. Also, IT for Datametrex AI is 36% gross profit margin. All we need to do is look at the Million$ Lotte news release to see that of the million signed, $650,000 of the deal are

[Aiking]

I agree. More of these kind of contracts are needed. They can do it, if they hire sales people.