Prospector
Profile
2-15-004
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| DataMetrics Corporation |
NAICS |
334119 |
| 1717 Diplomacy Row
Orlando, FL 32809 |
Description |
Printers Mfg. |
| (407) 251-4577 |
Employees |
32 |
| http://www.datametricscorp.com |
Revenue |
(mil) |
3.1700 |
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Income |
(mil) |
1.5000 |
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Assets |
(mil) |
0.6100 |
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Liability |
(mil) |
1.8800 |
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(for the year ended 2007-10-31) |
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Category:
Audit Concerns
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Event:
Davis Monk & Company raised substantial doubt about DataMetrics Corporation's ability to continue as a going concern after auditing the Company's consolidated financial statements for the year ended October 31, 2007. The auditing firm pointed to the Company's losses over the past several years and accumulated and working capital deficits. The Company reported a $1.5 million net loss on $3.2 million of sales for the fiscal year ended October 31, 2007, compared with a $2.9 million net loss on $3.2 million of sales for the fiscal year ended October 31, 2006. As of October 31, 2007, the Company's balance sheet showed $616,000 in total assets and $1.88 million in total liabilities, resulting in a $1.27 total stockholders' deficit.
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Intellectual Property:
The Company obtains appropriate proprietary rights protection for any potentially significant new technology acquired or developed. The Company has a trademark registration covering its "DmC"® logo and for the Condor and Harrier printer products. In addition, the Company relies on copyright and trade secret laws to protect its proprietary rights. [SEC Filing 10-KSB/A 01-31-08]
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Description:
DataMetrics Corporation engages in the design, development, manufacture, and sale of high-speed and non-impact printers, high-resolution and non-impact printer/plotters, and ruggedized computers and computer workstations in the United States.
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Officers:
Gary Herman (Chair); John Marceca (COO); Tami Tharp (CFO); Michael Rapisand (Dir.); Thomas Leonardis (Dir.); Seth Lukash (Dir.)
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Auditor:
Davis, Monk & Company
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Securities:
Common Stock Symbol DMCP.OB; OTC BB; 11,552,035 common shares outstanding as of January 23, 2008.
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