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Q2-22 Revenue OVER $18.3 Million
Message: VIDEO – With $49M In Annual Revenue & $18.3M In Q2 Revenue, Datametrex Artificial Intelligence
DataMetrex AI Limited (TSXV: DM / DTMXF: OTCQB / FSE: D4G) has the rare benefit that most small-cap companies would only dream of:
Multiple successful independent divisions that are each capable of being a company maker including:
- Smart & Mobile EV Charging Through Predictive Analytics
- Subscription Based Telehealth Including Mobile Medical Visits
- COVID-19 Testing With Tier-1 Movie Studios & Mining Companies
That’s why CIOReview, a leading digital and print technology magazine, has recognized the company as the most promising Canadian tech company for the 2022 calendar year … and that is why $DM is set to uplist to the TSX Big Board.
More than just lip service, $DM is walking the walk delivering great financial results as follows:
YEAR ENDED DECEMBER 2021:
- Record Revenue of Over $49M up 296%
- Record Adjusted EBITDA* of $15M up 1,838%
- Net Earnings of $9M up 282%
- Positive Cash Flow from Operations of $11M up 2,025%
The company recently reported their Q2 results, with financial highlights as follows:
- Revenue 18.3M
- EBITDA of $1.43M / adjusted EBITDA 3.265M
- Positive cash flow of over $766K from operations
- Over $25 million in current assets, including $14m in cash
- Significant increase in IT services REV $2M +, up 141% from the previous year.
And further growth looks promising as $DM states it is currently working with several companies to expand and grow its AI and Technology sectors.
What did Marshall Gunter, CEO of the Company have to say?
"Our 2022 second-quarter results reflect a strong increase in our IT services as we expand our core AI and IT services to companies globally. We look forward to further expanding these services through MediCall and DMEVS. We are proud to be one of the small cap stocks to maintain a strong cash balance and are thrilled to see our share buy back program gain traction."
The Company continues to build its EV operations as testing trials begin for the Smart EV Charger. Seven commercial properties were also secured by the Company in North Vancouver to install DM EVS chargers and EV charging stations.
But wait, there’s more…
The Company also continues to work on telehealth operations with Medi-Call. With the launch of the app on all iOS and Android devices, DM is focused on building subscribers and expanding Medi-Call with diversified services to fit patient needs.
And believe it or not, there is still more.
The Company is working towards building its core business in AI and IT technology and expanding globally to provide AI services to companies to broader the Company's scope outside of government AI work. All required documents to graduate from the TSX Venture Exchange have been submitted to uplist to the TSX main board.
Sit back, relax and watch this powerful interview with Marshall Gunter, CEO.
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