Safety in highly regulated and risky industries such as Mining, Construction and Manufacturing is constantly evolving.  These industries are overseen by unions, governments, hippys, insurance companies, and media.  Compliance with Health, Safety and Environment is necessary for their operations and shutting down is expensive.

Damstra holdings is one solution making sure that staff are trained, checking their certification, offering Drug and Alcohol Testing, as well location, fatigue management, online training, temperature monitoring etc.  

They help ensure companies equipment is maintained, by capturing repairs, tracking where it is and reminding about preventative maintanance.

They also help by Predictive Analytics-Real-time dashboards and analytics to track the entire workplace’s information in real-time.

Customers include Glencore, Boral, Liang O'Rourke, Automotve Holding Group, nbn, Theiss, AGL, Orica, Freo Dockers(AFL Club), Georg Jenson, Cheesecake shop and Local Governments among others.  

Depending on what you read the Total Addressable Market is up to $15 Billion USD this year.  I believe this will grow, over time.

DTC has some huge competitors, such as Gensuite (has Colgate, NASA, G,E, and Electrolux) and Cority (has Rio Tinto, NASA, Toyota), and larger product offering.

One of their largest customers by revenue, Newmont Gold is bringing what Damstra does in-house. This huge contract showcased how Damstra was able to integrate into Newmont's business, and how big companies like to keep safety compliance in-house with departments dedicated to safety and compliance. Losing Newmont smashed revenues and the share price.

Another recent issue is a New Zealand customer refusing to pay, resulting in Damstra taking them to court. Construction companies do go out of business, with inflation fears of building supplies, labour shortages and slowing economies may increase bankruptcies, which could flow on to Damstra.

Another potential hurdle could be the integration with some industries training certificates.  Eg the HUET(Helicopter Underwater Escape Training) is mandatory to work offshore and is run by OPITO.  If organisations like OPITO, who want to control certificates/courses/training/police clearances etc choose to it might make cracking certain industries harde