Ann: DDT Results Announcement & Outlook, 4E and Financial Report, page-4

The Results announcement follows the old predictable route of very positive outlook, sales channels and pipelines. All of this was in the last 10 Annual reports, but the result of the promises in FY 2018 is lowest revenue since 2011, with a significant loss.
Lets look at it closely.

Revenue - yes, lowest since 2011. No new clients and no revenue from "NEW" products added to the portfolio. It is not a surprise as we now know what the board strengths are - bi-annual creative writing. The Results and Outlook speaks about commencement of DatadotDNA distribution to TOYOTA in Germany. If that is the case, that should be a significant revenue as there is some 400 TOYOTA dealers. Note that these include LEXUS dealers which are not included in the deal. Total TOYOTA sales in Germany is some 70 000 vehicle a year and 75% of that is LEXUS.

OER (Operating Expense Ration) - terrible 78%. 62% of that are Administrative Expenses. This number speaks volumes about how the company is managed.

Restructuring Expenses - some 235,ooo. This is obviously related to the cost of the Beston merger. It will be very interesting to see how much it will cost to find someone to sign under reasoning of 7 million valuation of DDT. If $$$ quarter of a million did not do it, how much will it take???

The document also notes last years EGM and states that majority of shareholders supports the current board and management. Lets do some fact checking. According to DDT issued document only 46% of shareholders submitted their vote. After 11 years of bad results this is simply a shareholders apathy. They lots their interest. Only 22% of the shareholder votes supported the board and management. Note that 6% of those votes were from the boards and management and 14% from the larger institutional shareholders.

So - we are looking for more of the same. If there is something tangible for FY2019, I am sure it would be spelled out with fanfare and not covered by words such as pipeline, building exposure and awareness, relationship to be productive in the future and so on. As it was said earlier - all of these are in past reports with no results. Just a way to survive another year.

I am not a DDT shareholder any more. I sold out at $0.006 - more that 56 fold loss. But I am still interested in the stock, mainly to see IF and WHEN will GUILTY parties be either dumped or leave to destroy some other company. What a shame that indemnity applies. They made sure of that by purchasing "Officers liability Insurance". Smart!!