Source: nilanka.
  • Datametrex AI (TSXV:DM) has removed Marshall Gunter as CEO in a bid to improve its poor financials and stock performance
  • Gunter will be replaced by Charles Park, the company’s chief operating officer
  • Datametrex AI is a technology company active in artificial intelligence, machine learning and healthcare
  • Datametrex stock (TSXV:DM) has fallen by 75 per cent year-over-year and by 60 per cent since 2018

Datametrex AI (TSXV:DM) has removed Marshall Gunter as CEO in a bid to improve its poor financials and stock performance.

Gunter will be replaced by Charles Park, CFA, who has been serving as Datametrex’s chief operating officer, and brings more than a decade of experience in banking, technology and online gaming. His previous roles span FX trading, corporate lending and operational management.

Park was also appointed to the board, leading to Gunter’s resignation from his position as director.

The new CEO will be tasked with optimizing Datametrex’s ability to capitalize on opportunities in healthcare and technology on the road to consistent profitability. His vision for the future of the company will be released to shareholders in the near future.

Datametrex has posted a net loss in four out of the past five years, with net losses between C$1.25 million and C$3.07 million through three quarters in 2023.

“I am fully committed to steering Datametrex towards a dynamic future,” Park said in a statement. “Our focus will intensify on harnessing the intersection of technology and healthcare, driving innovation, and unlocking new growth avenues. I am eager to lead our talented team and share our renewed strategic direction with our stakeholders very soon.”

Datametrex is a technology company active in artificial intelligence, machine learning and healthcare.

Datametrex stock (TSXV:DM) last traded at C$0.02 per share. The stock has fallen by 75 per cent year-over-year and by 60 per cent since 2018.

Join the discussion: Find out what everybody’s saying about the company’s new CEO on the Datametrex AI Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.


More From The Market Online

@ the Bell: Tech sell-off weakens TSX and U.S. markets

A major portion of Canada’s main stock index into the red on Wednesday, though the energy sector was top performer on the TSX.

Air Canada teams with bus company to connect Ontario airports

Air Canada revealed a partnership with The Landline Company to connect airports in the Hamilton and Waterloo regions to Toronto Pearson.

Montreal company cites progress on Quantum Random Number Generator chip

Quantum eMotion (TSXV:QNC) updated progress on the creation of its inaugural Quantum Random Number Generator on a chip.

Dryden Gold reveals assay results from Dryden Gold Project

Dryden Gold (TSXV:DRY) has reported assay results from the first two phases of its drilling program at the Gold Rock portion of the Dryden…