• $9.2 million in Q3 revenue and over $27.5 million in nine month revenue.
• Significant increase in AI and tech revenue of over $3.78 million in nine months, up 16% from $3.25 million last year.
• Significant increase in third quarter net income of over $961,000, up 464% year-over-year.

Toronto, Ontario – (Newsfile Corp. – November 22, 2022) – Datametrex AI Limited (TSXV: DM) (FWB: D4G) (OTCQB: DTMXF) (the “Company” or “Datametrex”) is pleased to report its third quarter financial results. The company has submitted its financial statements (“FS“) on SEDAR and related management discussion and analysis (“MD&A“) for the quarterly results ended September 30, 2022 (“Q3 2022“).

Q3 and Nine Months 2022 Financial Highlights:

For the three months ended September 30, 2022 (Q3-2022), the Company reported revenue of $9,202,894, net income of $961,922 and EBITDA of $2,699,239. For the nine months ended September 30, 2022 (Q3-YTD), revenue was $27,544,338, net income was $2,791,511 and EBITDA was $5,965,145.

The Company continues to hold a strong position in cash and marketable securities of approximately $13 million after raising over $2 million on the Company’s normal course issuer bid. As of September 30, 2022, 1,780,500 shares have been purchased for NCIB cancellation. The company spent a total of $2,040,350.71. The company has total assets of over $53.8 million.

The following financial information from the September 30, 2022 Financial Results and Management Discussion & Analysis (“MD&A’) are available for review on SEDAR.

Please refer to the full third quarter 2022 filing available under Datametrex’s profile at www.sedar.com.

Financial Highlights for the three months ended September 30, 2022 (“Q3”):

The table below summarizes Revenue, Net Income, ETBITDA* and Adjusted EBITDA*

All figures are in Canadian dollars unless otherwise noted.