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DecisionPoint Systems (NYSE: DPSI) announced its Q1 2024 financial results, highlighting the impact of the absence of large hardware projects but showing improved gross margins due to a shift towards services and software.
The company reduced its debt by over $1.6 million and increased cash by $1.5 million. Key developments include the introduction of PointCare services and securing a significant managed services contract with a leading C-store chain, expanding recurring revenue.
DecisionPoint plans to launch new services under StoreCare and SiteCare brands in Q2 2024. The company will not host a conference call this quarter due to its impending transaction with Graham and Barcoding, which is expected to close in July.
Barcoding, Inc. announced a merger agreement with DecisionPoint Systems, Inc. to expand its presence in North America.
The merger will create a business of scale in supply chain automation, incorporating Point-of-Sale technologies.
Barcoding aims to enhance offerings and better serve enterprise customers in retail and supply chain sectors.
DecisionPoint Systems, Inc. (NYSE American: DPSI) announced a merger with Barcoding Holdings, in an all-cash transaction. Shareholders will receive $10.22 per share, representing a 27% premium. The merger aims to create an integrator of scale in supply chain automation, enhancing customer value propositions and expanding service offerings. The transaction is expected to close in July 2024.