Fintech
Datametrex Reports Q1 Financial Results
- Over $3 million in revenue
- $1.6 million earned in AI and big data solutions
- $2.6 million earned in healthcare services
- 16,390,500 shares were purchased by the Company in Q1 2023
Toronto, Ontario–(Newsfile Corp. – May 30, 2023) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the “Company” or “Datametrex”) is pleased to announce the first quarter (“Q1 2023“) financial results for the Company. The Company has filed its financial statements (“FS“) and management discussion and analysis (“MD&A“) on SEDAR for the three months ending on March 31, 2023 (“Q1 2023“).
Financial Highlights:
The Company reported revenue of over $3 million, which includes $1,643,156 earned from AI and technology solutions and $2,189,061 earned from healthcare services. The Company reported an EBITDA and adjusted EBITDA of ($115,589).
For the three months ended March 31, 2023, the Company has purchased a total of 12,604,000 common shares of the Company for an aggregate amount of $1,210,677 through the Normal Course Issuer Bid (NCIB) share buyback program. During the period, a total of 16,390,500 common shares were returned to the treasury and cancelled.
Despite utilizing funds to exercise the NCIB, the Company continues to retain a substantial cash position of more than $5 million, alongside total assets worth $33,410,413.
Summary of NCIB Share Buyback Program
- In 2022, the Company spent $2,040,650.71 to cancel 17,807,500 shares.
- In Q1 2023, the Company spent a total of $1,210,677 to cancel an additional 16,390,000 shares.
- In 2023, to date, the Company spent a total of $1,210,677 to cancel 16,390,000 shares.
- Overall the Company spent $3,251,328 to cancel 34,198,000 shares.
The following financial information from the financial results for the three months ending on March 31, 2023, and Management Discussion & Analysis (“MD&A“) are available for review on SEDAR.
Please refer to the Q1 2023 filing in its entirety, which is available under Datametrex’s profile at www.sedar.com.
The Company has made significant strides towards implementing its growth strategy and evolving Datametrex further into the healthcare industry. As such, the Company reinvested its profits into the acquisition of Imagine Health Centres and purchased over $3 million in shares of the Company through the NCIB, which contributes to the decrease in cash.
The Company would like to note that the recent loss in the Profit and Loss report is not a result of operations, but rather attributed to the expenses related to the amortization and depreciation of various intangible assets, as well as a decrease in the share price of invested companies.
The following table summarizes revenue, net loss, EBITDA*, and adjusted EBITDA*
All figures are in Canadian dollars unless otherwise noted.
| March 31, 2023 | March 31, 2022 | |
| Total Revenue | $3,832,217 | $10,714,141 |
| Net Loss | ($1,251,169) | $1,352,550 |
| Net Income/(loss) per share – basic | (0.01) | 0.01 |
| Depreciation and amortization | $1,107,357 | $643,210 |
| EBITDA* | ($115,589) | $2,068,194 |
| Adjusted EBITDA* | ($115,589) | $3,166,424 |
Q1 Highlights and Recent Developments
Nexalogy Environics Inc. (“Nexalogy“) and AnalyticsGPT
Recently, Nexalogy announced the completion of the second milestone of the $40 million AI project aiding Canadian cybersecurity. As part of this significant achievement, Nexalogy is preparing to enter phase 3 of the project. The Company will provide further details on this exciting development in an official news release, subject to approval, offering valuable insights into the future of Canadian cybersecurity.
The recent introduction of AnalyticsGPT has sparked global interest in Nexalogy’s offerings. Members of the Company’s management team recently attended the Canadian AI Business Delegation Expo in Korea. This opportunity allowed the Company to showcase its latest software to various companies, demonstrating how AI can optimize businesses of all sizes. The event garnered international attention and reinforced Nexalogy’s position as a notable player in the AI industry. Due to the increased demand, Nexalogy and Datametrex have begun expanding their positions in Seoul.
Nexalogy continues to collaborate closely with businesses through the AnalyticsGPT beta program to expand and refine its cutting-edge software. By leveraging the power of AI, the team at Nexalogy aims to optimize business operations on various scales. As a testament to the software’s effectiveness, the Company is actively inviting more partners to join and witness the transformative potential of AI firsthand as time permits.
A preview of AnalyticsGPT can be seen here:
https://www.youtube.com/watch?v=h0IOTHGUx-E
Medi-Call Inc. (“Medi-Call“)
Medi-Call reports an 11% increase in subscribers, boasting 432 subscribers to date compared to the last report, which garnered a total of 389 subscribers in May, representing a 38% increase from April’s report of 281 subscribers.
Imagine Health Centres (“Imagine Health“)
Imagine Health continues to strengthen its presence in the healthcare industry as the Company works towards the upcoming expansion with the opening of a third clinic in Vancouver. As the Company reaches the final stages of preparation, the new clinic aims to enhance access to quality healthcare services for residents in the Vancouver area.
The addition of the Vancouver clinic marks a significant milestone for the Company as it strengthens its commitment to delivering exceptional care and innovative medical solutions. The clinic will offer a comprehensive range of services, tailored to meet the diverse healthcare needs of the local community.
Simultaneously, management is actively exploring the potential of opening a fourth clinic in Ontario. The Company sees this expansion as a strategic opportunity to extend its reach and positively impact more lives.
Datametrex Electric Vehicle Solutions (“DMEVS“)
DM EVS announced a new partnership with Rewatt Power, which allows the Company to accrue the federal Clean Fuel Regulation (CFR) credit, a Canada-wide government incentive credit to a greener, pollution-free environment, and the Low-Carbon Fuel Standard (LCFS) credit. Leveraging these incentives allows DM EVS to deploy its EV services while maximizing earnings and profit.
Additionally, DM EVS has also announced that its roadside EV charging service is now open for Vancouver residents for a membership fee of $20 a month, which includes roadside assistance and a maximum charge of 7kW.
2023 Outlook
Nexalogy Environics Inc. (“Nexalogy“)
As AnalyticsGPT prepares to enter its final testing phases, the team is diligently working to fine-tune the software and ensure its seamless integration into various business environments. This rigorous testing process aims to optimize the performance and reliability of AnalyticsGPT, guaranteeing a superior experience for customers. The Company is excited to announce its plans to transition AnalyticsGPT from testing to customer conversion, marking a significant step towards the official launch of the software this fall.
In line with the upcoming launch, AnalyticsGPT is developing comprehensive price plans to cater to the diverse needs of its customers. These pricing options will offer flexibility and scalability, empowering businesses to leverage the power of AI-driven analytics.
To further expand its customer base, the Company will introduce new in-depth demos and videos, showcasing the software’s capabilities and illustrating its real-world applications. As different aspects of the product become declassified, AnalyticsGPT will provide comprehensive insights into its functionalities, enabling businesses to make informed decisions about integrating AI-driven analytics into their operations.
The official launch of AnalyticsGPT this fall signifies a significant milestone for the Company. With its advanced technology and customer-centric approach, AnalyticsGPT is poised to help businesses harness the power of AI for data analysis and decision-making.
Datametrex Healthcare Division Spinoff
The Company continues to work on merging Medi-Call and Imagine Health Centres, as its own independent entity. This strategic move will create a powerful healthcare entity, consisting of a hybrid model of brick-and-mortar clinics and virtual services, with the goal of being able to offer an integrated healthcare solution under one clinic.
The spinoff will result in a boost in the Company’s balance sheet post-endemic as it acquires shares of the new entity. Management plans to launch this development within the next 12 months.
Medi-Call Inc. (“Medi-Call“)
Medi-Call continues its ongoing commitment to serve accessible healthcare to British Columbia residents and is dedicated to serving the needs of international students. The Company remains focused on expanding its services within BC and actively working on the remainder of the contracts with international student agencies throughout Q3. These new contracts are set to create a significant surge in users, further solidifying Medi-Call’s position as a trusted healthcare provider.
Imagine Health Centres (“Imagine Health“)
Imagine Health continues to serve patients with multidisciplinary healthcare services. As the Company gears up to open a third clinic, the Company is focused on expanding its innovative healthcare solutions and adding new wellness services to its two (2) existing clinics which further expands services that offer physiotherapy, IV Vitamin Therapy treatment, acupuncture, and much more.
Datametrex Electric Vehicle Solutions (“DMEVS“)
DM EVS is making significant strides in its operations as the Company plans to leverage its new partnership with Rewatt Power to capitalize on EV financial incentives which drive operational efficiency, ultimately maximizing profitability. With the new partnership in place, DM EVS is set to enter the hospitality sector. Currently, the Company is actively engaged in discussions with three prominent hotels to install and operate EV chargers on-site. This move not only broadens DM EVS’s market reach but also provides convenient charging solutions for EV drivers in the hospitality industry.
Looking ahead, DM EVS remains committed to its charging station installation project, focusing on hospitals, street malls, and the hospitality sectors. By expanding its presence in these public spaces, the Company aims to enhance accessibility for EV drivers, further supporting the growth of sustainable transportation.
“These exciting advancements set the stage for a remarkable journey ahead, as we continue to transform industries and make a lasting positive impact. We remain steadfast in our commitment to driving innovation, delivering exceptional solutions, and creating meaningful change in the markets we serve,” said Marshall Gunter, CEO of the Company.
“The next few months will be a transformative phase for our Company. Our healthcare division is set to soar as we open new clinics and make progress on the spin-off. DM EVS operations are already underway with developments in the pipeline. Additionally, our AnalyticsGPT software is nearing its consumer launch. These upcoming developments across all sectors position us for improved growth,” said Charles Park, COO of the Company.
About Datametrex
Datametrex AI Limited is a technology-focused Company with exposure to artificial intelligence, GPT technology, machine learning, and telehealth and has recently entered the electric vehicle (EV) market. Datametrex’s mission is to develop innovative tools and solutions that facilitate the adoption of new standards of protocols using artificial intelligence and health diagnostics. Leveraging these technologies enables companies to proactively address issues related to supply chain management and enhance their overall operational efficiency with predictive and preventive technologies. In addition to the Company’s existing portfolio of technologies, the Company recently ventured into the electric vehicle (EV) market, reflecting its commitment to sustainability and clean energy.
Datametrex prides itself on its forward-thinking approach and the ability to develop progressive solutions that address the most pressing challenges facing businesses today. Datametrex is committed to supporting clients in achieving their goals and helping them stay ahead of the curve in an ever-changing business landscape.
For additional information on Datametrex and other corporate information, please visit the Company’s website at www.datametrex.com.
To learn more about how our AI is used in Cyber Security, Telehealth, and EV, please visit https://www.youtube.com/watch?v=ApFk3sWAXtg.
For further information:
Investor Relations & Communications
Priya Monique Atwal, Director of Communications
Email: [email protected]
Tel: 416-901-5611 x 204
Marshall Gunter, CEO
Email: [email protected]
Tel: 514-295-2300
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 included 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. 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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168046
Modern brands stake on influencer marketing, with 76% of users making a purchase after seeing a product on social media.The cryptocurrency industry is no exception to this trend. However, promoting crypto products through influencer marketing can be particularly challenging. Crypto influencers pose a significant risk to a brand’s reputation and ROI due to rampant scams. Approximately 80% of channels provide fake statistics, including followers counts and engagement metrics. Additionally, this niche is characterized by high CPMs, which can increase the risk of financial loss for brands.
In this article Nadia Bubennnikova, Head of agency Famesters, will explore the most important things to look for in crypto channels to find the perfect match for influencer marketing collaborations.
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Comments
There are several levels related to this point.
LEVEL 1
Analyze approximately 10 of the channel’s latest videos, looking through the comments to ensure they are not purchased from dubious sources. For example, such comments as “Yes sir, great video!”; “Thanks!”; “Love you man!”; “Quality content”, and others most certainly are bot-generated and should be avoided.
Just to compare:
LEVEL 2
Don’t rush to conclude that you’ve discovered the perfect crypto channel just because you’ve come across some logical comments that align with the video’s topic. This may seem controversial, but it’s important to dive deeper. When you encounter a channel with logical comments, ensure that they are unique and not duplicated under the description box. Some creators are smarter than just buying comments from the first link that Google shows you when you search “buy YouTube comments”. They generate topics, provide multiple examples, or upload lists of examples, all produced by AI. You can either manually review the comments or use a script to parse all the YouTube comments into an Excel file. Then, add a formula to highlight any duplicates.
LEVEL 3
It is also a must to check the names of the profiles that leave the comments: most of the bot-generated comments are easy to track: they will all have the usernames made of random symbols and numbers, random first and last name combinations, “Habibi”, etc. No profile pictures on all comments is also a red flag.
LEVEL 4
Another important factor to consider when assessing comment authenticity is the posting date. If all the comments were posted on the same day, it’s likely that the traffic was purchased.
2. Average views number per video
This is indeed one of the key metrics to consider when selecting an influencer for collaboration, regardless of the product type. What specific factors should we focus on?
First & foremost: the views dynamics on the channel. The most desirable type of YouTube channel in terms of views is one that maintains stable viewership across all of its videos. This stability serves as proof of an active and loyal audience genuinely interested in the creator’s content, unlike channels where views vary significantly from one video to another.
Many unauthentic crypto channels not only buy YouTube comments but also invest in increasing video views to create the impression of stability. So, what exactly should we look at in terms of views? Firstly, calculate the average number of views based on the ten latest videos. Then, compare this figure to the views of the most recent videos posted within the past week. If you notice that these new videos have nearly the same number of views as those posted a month or two ago, it’s a clear red flag. Typically, a YouTube channel experiences lower views on new videos, with the number increasing organically each day as the audience engages with the content. If you see a video posted just three days ago already garnering 30k views, matching the total views of older videos, it’s a sign of fraudulent traffic purchased to create the illusion of view stability.
3. Influencer’s channel statistics
The primary statistics of interest are region and demographic split, and sometimes the device types of the viewers.
LEVEL 1
When reviewing the shared statistics, the first step is to request a video screencast instead of a simple screenshot. This is because it takes more time to organically edit a video than a screenshot, making it harder to manipulate the statistics. If the creator refuses, step two (if only screenshots are provided) is to download them and check the file’s properties on your computer. Look for details such as whether it was created with Adobe Photoshop or the color profile, typically Adobe RGB, to determine if the screenshot has been edited.
LEVEL 2
After confirming the authenticity of the stats screenshot, it’s crucial to analyze the data. For instance, if you’re examining a channel conducted in Spanish with all videos filmed in the same language, it would raise concerns to find a significant audience from countries like India or Turkey. This discrepancy, where the audience doesn’t align with regions known for speaking the language, is a red flag.
If we’re considering an English-language crypto channel, it typically suggests an international audience, as English’s global use for quality educational content on niche topics like crypto. However, certain considerations apply. For instance, if an English-speaking channel shows a significant percentage of Polish viewers (15% to 30%) without any mention of the Polish language, it could indicate fake followers and views. However, if the channel’s creator is Polish, occasionally posts videos in Polish alongside English, and receives Polish comments, it’s important not to rush to conclusions.
Example of statistics
Wrapping up
These are the main factors to consider when selecting an influencer to promote your crypto product. Once you’ve launched the campaign, there are also some markers to show which creators did bring the authentic traffic and which used some tools to create the illusion of an active and engaged audience. While this may seem obvious, it’s still worth mentioning. After the video is posted, allow 5-7 days for it to accumulate a basic number of views, then check performance metrics such as views, clicks, click-through rate (CTR), signups, and conversion rate (CR) from clicks to signups.
If you overlooked some red flags when selecting crypto channels for your launch, you might find the following outcomes: channels with high views numbers and high CTRs, demonstrating the real interest of the audience, yet with remarkably low conversion rates. In the worst-case scenario, you might witness thousands of clicks resulting in zero to just a few signups. While this might suggest technical issues in other industries, in crypto campaigns it indicates that the creator engaged in the campaign not only bought fake views and comments but also link clicks. And this happens more often than you may realize.
Summing up, choosing the right crypto creator to promote your product is indeed a tricky job that requires a lot of resources to be put into the search process.
Author
Nadia Bubennikova, Head of agency at Famesters
The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.
Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.
Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).
At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.
The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.
As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.
Source: fintech.globa
The post Central banks and the FinTech sector unite to change global payments space appeared first on HIPTHER Alerts.
TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.
The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.
This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.
TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.
Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.
TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.
Source: fintechfutures.com
The post TD Bank inks multi-year strategic partnership with Google Cloud appeared first on HIPTHER Alerts.
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