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Datametrex AI eyes further growth after ending second quarter with $14 million in cash

Datametrex AI eyes further growth after ending second quarter with $14 million in cash

Datametrex AI Limited (TSX-V:DM, OTCQB:DTMXF) CEO Marshall Gunter says the company plans to continue scaling its telehealth and cybersecurity verticals as it also grows its fledgeling electrical vehicle operation.

Speaking to Proactive Investors' Stephen Gunnion following the release of the company's second-quarter 2022 financial results, Gunter noted a 141% improvement in IT services revenue to more than $2 million, boosting overall revenue to $18.3 million.

The company ended the quarter with over $25 million in current assets, including $14 million in cash, which he said would be used to continue its share buyback program and fund growth.

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