Monday, April 28, 2025

Latest

Datametrex Raises COVID-19 Test Kit Guidance To $50 Million For 2021 From Single Client

In a rare move within the small cap space, Datametrex AI (TSXV: DM) has provided an update on guidance provided over a year ago. The guidance originally pertained to an arrangement signed with what was classified as a “major worldwide media & entertainment company.”

Datametrex AI's Logo

Under the original guidance, the firm expected the agreement to provide an estimated $20 million in revenue to the company, via the supply of COVID-19 test kits to a major film and TV studio group, whom has locations in both Vancouver and Toronto. The $20 million revenue figure was expected to be incurred over a nine month time frame.

As it turns out, revenue totaling $26 million was incurred over the time period instead, a significant increase from the initial projection.

Even more significantly, the company has provided revised guidance, with guidance this time applying to the whole fiscal year, wherein it expects to generate revenues of up to $50 million for the fill fiscal year ending December 31, 2021 – a near doubling of current revenues for the year from the single customer.

“We are thrilled to exceed the anticipated target. Datametrex remains committed to the film industry in Canada to help ensure the health and safety of the individuals working on sets and in production offices. We continue to ramp up our business to meet the demands and expectations of our clientele,” commented Marshall Gunter, CEO of Datametrex.

The revised guidance follows the company indicating in recent weeks that it has signed multiple new testing contracts with film and television studios within Canada.

Datametrex AI last traded at $0.19 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. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

Datametrex Acquires Rights To Sell COVID-19 Home Test Kit

Datametrex AI (TSXV: DM) this morning had significant news in that it has secured the...

Tuesday, June 16, 2020, 08:15:19 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

Datametrex Officially Enters Beta Phase For Telemedicine App

Datametrex AI (TSXV: DM) is one step closer to offering a full service telemedicine app....

Wednesday, October 20, 2021, 07:37:13 AM

Datametrex Provides Clarity Regarding Air Canada Twitter Comments

Datametrex AI (TSXV: DM) this morning looked to clear up some questions being posed by...

Friday, December 11, 2020, 08:12:28 AM

Datametrex Renews Contract With US Air Force For A.I. Tech

Datametrex AI (TSXV: DM) has seen its contract extended with the US Air Force for...

Friday, July 31, 2020, 11:57:16 AM