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  5. DM: Your thoughts on results? [Datametrex AI Limited]
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Investment Q&A

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Q: Your thoughts on results?

Asked by Todd on May 04, 2022
5i Research Answer:

DM reported revenues of $9 mln, up over 200% and EBITDA of $15 mln. Operating cash flow was positive at $11 mln. The cash balance grew to $15 mln. It looks like a lot of the strength was from covid testing business, which can be a bit of a double edged sword with boom and bust revenues. The quarter looked good from what we see but it does remain a small and very volatile name.