Datametrex Reports $0.056 Per Share In Cash And Equivalents On Its Balance Sheet

Datametrex AI (TSXV: DM) continues to see positive cash flow from its growing operations in both the artificial intelligence and health industries. The firm this morning reported a substantial bump in its cash on hand since the last reporting period.

Datametrex AI's Logo

As of this morning, the company reportedly has approximately $20 million in cash and cash equivalents on its balance, as the company reported this morning. The figure is a significant improvement from the $11.1 million the firm recorded on its balance sheet as of September 30, 2021.

In per share terms, that cash figure works out to approximately $0.056 per share. The figure is due to continued positive cash flow from operations, a trend which the company has stated it believes will continue in 2022, with stronger cash flow expected for the current year.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

“We are pleased with the great start to the year as we continue to make every effort to improve revenue and find efficiencies from the efforts made over the years. We look forward to delivering on greater cash flow in 2022,” stated Marshall Gunter, CEO of Datametrex.

Datametrex last traded at $0.23 on the TSX Venture.


FULL DISCLOSURE: DataMetrex AI Limited is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover DataMetrex AI Limited on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

Everybody Should Own Gold | George Bee – U.S. Gold Corp.

A $40M Company Created $2B in Mining Value | John-Mark Staude – Riverside Resources

The Debt Crisis Is Turning Gold Into Money | Shawn Khunkhun – Contango Silver and Gold

Recommended

Homeland Nickel Signs Binding Offtake With Westwin for 20,000 Tonnes of Concentrate a Year

Golden Cariboo’s First Quesnelle Resource Estimate Tallies 1.19 Million Gold Equivalent Ounces

Related News

Datametrex AI To Repurchase Up To 5% Of Shares

Datametrex AI (TSXV: DM) is looking to put its cash to work for shareholders. The...

Friday, June 3, 2022, 08:23:38 AM

TMAC Resources Purchases 2,000 COVID-19 Test Kits From Datametrex AI

TMAC Resources (TSX: TMR) is evidently taking COVID-19 precautions seriously for its Nunavut, Canada operations....

Monday, July 27, 2020, 11:47:17 AM

Datametrex Receives Government Clearance To Ship COVID-19 Test Kits

Datametrex AI Limited (TSXV: DM) has received government clearance to fulfill its previously announced purchase...

Thursday, June 4, 2020, 06:20:00 AM

Datametrex Receives $1.6 Million COVID-19 Test Kit Order From Canadian Miner

The purchase orders keep rolling for Datametrex AI (TSXV: DM). The company announced its largest...

Thursday, September 3, 2020, 11:05:49 AM

Datametrex Posts Q1 Revenue Of $19.0 Million, Net Income Of $9.6 Million

Datametrex AI (TSXV: DM) this morning reported its first quarter 2021 financial results, a quite...

Monday, May 31, 2021, 07:36:54 AM