Toronto, Ontario--(Newsfile Corp. - January 11, 2024) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the 'Company' or 'Datametrex') is pleased to announce that it has recorded over $1 million CAD in revenue with expense of approximately $650K CAD at a gross profit margin of approximately 36% for IT services in December, through its wholly-owned subsidiary, Datametrex Korea. This performance not only reflects the company's progress and adaptability in a dynamic market environment, but underscores the effectiveness of the Company's 'deep and narrow' strategy.
The December revenue is a result of the Company's 'land and expand' strategy with major clients like LOTTE. This approach has not only fortified existing partnerships but also enabled expansion into new areas within these large organizations.
Additionally, Datametrex Korea's expansion into new industries, such as acquiring clients in the energy sector and the finance sector, demonstrates its capability to cater to diverse market demands. These developments underscore the potential for Datametrex Korea to maintain its positive momentum heading into 2024.
About Datametrex
Datametrex is an innovative leader in Technology Solutions, Artificial Intelligence, and Healthcare. The Company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes on a global scale. For more on Datametrex, please visit the company's website.
Investor Relations
Charles Park, CFA
Chief Executive Officer & Director
cpark@datametrex.com
(416) 901-5611 x203
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
All statements in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements, including but not limited to the proposed spin-out transaction. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
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