Datametrex Reports Record Quarter

Datametrex AI Limited (TSXV:DM) announced its 2018 first quarter results with the company generating revenue of approximately $1.24 million which is an increase of 3,015 percent compared to the same period last year.

As quoted in the press release:

“We are very pleased with our 2018 first quarter results. I am proud to see all of our hard work pay off in the form of significant increase in Year over Year revenue. The team has done a tremendous job positioning the Company for growth and we remain focused on continuing the positive momentum,” says Andrew Ryu, CEO and Chairman of the Company.

Financial Highlights

The following table summarizes revenue, income from operations, EBITDA* and Adjusted EBITDA* for the three months ended March 31, 2018 and three months ended March 31, 2017:

Datametrex has achieved the following in the first quarter of 2018:

• Recognized revenue in the amount of $1.24 million;
• Increased its stake in Graph Blockchain, with a net investment of $0.7 million on the balance sheet as at March 31, 2018;
• Completed the acquisition of Ronin Blockchain Corp. and related mining rights, positioning the Company as a potential leader in the cryptocurrency mining space. The Ronin acquisition purchase price is being amortized over a period of 5 years

Andrew Ryu, CEO and Chairman of the Company also commented: “We will continue to aggressively expand our market share and presence in all of our key verticals. We are working tirelessly on several exciting opportunities in the big data, artificial intelligence, blockchain and cryptocurrency mining sectors to create value for our shareholders.”

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